Founded in 2019, by Webb Brown and Ajay Tripathy, Kubecost provides real-time cost visibility and insights for Kubernetes environments, helping organizations manage and reduce their infrastructure spend.
This move follows IBM's acquisition of Apptio in 2023, further strengthening its position in the cloud cost management space.
Usage of Kubernetes is rapidly growing, with 84% of organizations using or evaluating the technology today.
FinOps, an operational framework and cultural practice which maximizes the business value of cloud, provides organizations with a viable and strategic approach to managing this workload complexity.
With this acquisition, IBM is showcasing its commitment to the growth of FinOps, both by setting the pace for innovation, as well as strategically bringing leading technologies together. The addition of Kubecost to IBM’s FinOps solutions deepens our commitment to FinOps teams, DevOps teams, and the open-source community as a whole.
Kubecost is IBM's 8th acquisition this year, till date. Last week, IBM announced acquisition of Accelalpha, a global Oracle services provider, enhancing IBM’s capabilities in Oracle Cloud Applications. Prior to this, the tech giant acquired SiXworks Limited, a UK-based consultancy specializing in digital transformation for the UK defense sector.
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