HPE buys Morpheus Data for multicloud management

In addition, HPE GreenLake will integrate Morpheus’ financial operation software, which helps businesses make informed spending decisions on cloud services. “HPE will combine its multi-vendor, multicloud IT data with Morpheus’ FinOps capabilities to enable customers to understand their cloud spend, put guardrails around usage and optimize their workloads to lower costs,” HPE stated.

More than 90% of enterprises use multiple clouds, and managing these resources is a growing challenge, according to a recent IDC report, Worldwide Intelligent CloudOps Software Forecast, 2024–2028. The research firm estimates that the worldwide market for intelligent CloudOps software will grow to $40 billion in 2028.

“Companies want consistent control and standardization in the public and private cloud environments. Hybrid clouds are here for years to come, so enterprises need tools to manage this complexity today,” IDC stated. “The goal with multiple cloud support is to reuse code from infrastructure-as-code provisioning for any cloud. Furthermore, enterprises seek improved cloud cost transparency recommendations, such as automatically moving and reprovisioning workloads based on the customer’s lowest cost and best-performing cloud.”