IBM expands its FinOps portfolio with acquisition of Kubecost
By MYBRANDBOOK
IBM has acquired Kubecost, a leading FinOps startup specializing in Kubernetes cost management. This follows the company's significant investments in the FinOps space, including the $4.3 billion acquisition of Apptio in 2023.
Earlier, IBM has acquired cloud management firm Turbonomic and performance monitoring startup Instana.
With this recent acquisition of Kubecost, IBM intends to assist businesses in more effectively managing their complex cloud and on-premises infrastructures. Kubecost's focus on efficiency aligns well with IBM's broader strategy to provide comprehensive IT and FinOps solutions to enterprises. The acquisition of Kubecost is expected to strengthen IBM's FinOps suite, combining capabilities of Cloudability and Turbonomic.
Kubecost co-founder and CEO Webb Brown shared the company’s excitement about the acquisition in a blog post. "Since we started in 2019, our mission has been to optimize global infrastructure. We began with Kubernetes cost monitoring and have become the most widely used solution in the cloud native space. This merger allows us to further expand and deliver comprehensive cost management solutions to teams everywhere."
IBM intends to incorporate Kubecost into its FinOps Suite, which currently features Cloudability (acquired by Apptio in 2019) and Turbonomic. Additionally, there is speculation that IBM may integrate Kubecost/OpenCost into its OpenShift enterprise platform.
Kubecost is also behind OpenCost, an open-source project launched in 2022, which forms the core of its commercial offering. As per its official website, OpenCost is built by Kubernetes experts and basically a vendor-neutral open source project. It is widely used for cloud infrastructure and container costs in real time.
The cost of the deal is not yet disclosed.
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