CloudBolt to Enhance Kubernetes Optimization with StormForge Acquisition
Deal News | Mar 31, 2025 | Globenewswire
CloudBolt Software, a leader in cloud cost management, has announced its acquisition of StormForge, a pioneering company specializing in machine learning-powered Kubernetes resource optimization. This strategic move follows their partnership in early 2024 and aims to integrate StormForge's advanced capabilities into CloudBolt's FinOps platform. As Kubernetes adoption increases, organizations struggle with cost management and resource allocation efficiency. The acquisition addresses these challenges, creating an advanced Kubernetes cost management solution. StormForge's platform optimizes Kubernetes workloads automatically and at scale, enhancing efficiency across industries like fintech and hosting platforms. The combination of CloudBolt's cloud cost management expertise and StormForge's machine learning technology promises to transform cloud lifecycle optimization, providing a unified, intelligent approach to managing cloud costs. The acquisition aligns with CloudBolt's Augmented FinOps vision and positions the company as a leader in intelligent cloud optimization.
Sectors
- Cloud Computing
- Machine Learning
- Financial Technology (Fintech)
Geography
- United States – CloudBolt Software is based in Maryland, and StormForge is based in Washington, DC.
Industry
- Cloud Computing – The article discusses cloud cost management and Kubernetes optimization, crucial aspects of cloud computing.
- Machine Learning – StormForge's machine learning-powered solutions are integral to the acquisition, focusing on optimizing Kubernetes workloads.
- Financial Technology (Fintech) – The acquisition is transformative for fintech, where Kubernetes optimization plays a vital role in modernization efforts.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CloudBolt Software | Acquiring Company | Company | A leader in cloud cost management, focusing on increasing cloud ROI through its FinOps platform. |
| StormForge | Target Company | Company | A pioneer in Kubernetes resource optimization using machine learning. |
| Insight Partners | Investor | Company | An investor in StormForge, supporting its mission to enhance Kubernetes optimization. |
| Craig Hinkley | CEO of CloudBolt | Person | Leading CloudBolt's strategic acquisition of StormForge and furthering its FinOps platform. |
| Rod Squires | CEO of StormForge | Person | Guiding StormForge's transition into CloudBolt and the integration of its optimization platform. |
| Thomas Krane | Managing Director at Insight Partners | Person | Commented on the strategic importance of the acquisition in addressing cloud cost management challenges. |
| Yasmin Rajabi | COO of StormForge / Chief Strategy Officer at CloudBolt | Person | Joining CloudBolt's Executive Team to ensure a smooth transition and accelerate development. |
| John Platt | Founding Engineer at StormForge | Person | Continuing to lead AI/ML advancements across CloudBolt's platform. |