H.I.G. Growth Partners Successfully Sells ProsperOps to Flexera in Major Deal
On January 6, 2026, H.I.G. Growth Partners, a premier investment affiliate of H.I.G. Capital, announced the successful sale of its portfolio company ProsperOps, Inc. to the global technology firm Flexera. This transaction signifies an impressive evolution for ProsperOps, which specializes in automating cloud cost optimization through its high-performance FinOps platform.
About ProsperOps
Based in Austin, Texas, ProsperOps has emerged as a leader in its field, providing automated solutions that manage cloud spending across major providers including Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. This innovation assists finance and engineering teams in transitioning from traditional manual practices to streamlined automated processes, significantly enhancing efficiency and savings.
Founded in 2018, ProsperOps has experienced tremendous growth, particularly during its time under H.I.G. Growth's ownership. The company saw its annual recurring revenue skyrocket more than six times, while its EBITDA surged by over nine times. Such remarkable results were achieved through dedicated efforts from both H.I.G. and ProsperOps' management team, showcasing the effectiveness of strategic investments in the tech sector.
The Market Shift
As the broader market for cloud computing continues to mature, ProsperOps has adapted its offerings to meet evolving client demands. Users are no longer satisfied with singular solutions; there is a clear demand for a comprehensive approach that includes rate optimization, workload management, and enhanced cost visibility. CEO Chris Cochran emphasized that, with H.I.G.'s support, the company was able to significantly scale both its platform and organizational structure, preparing it to meet these increased demands.
Through its platform, ProsperOps manages approximately $6 billion in annual cloud expenditures, helping clients achieve substantial savings while reducing risks associated with cloud costs. The company has successfully automated numerous FinOps processes, providing clients with tools that align their financial objectives with operational efficiencies.
Looking Ahead with Flexera
With the acquisition by Flexera, ProsperOps is poised to enter a new chapter. Ross Hiatt, Managing Director at H.I.G. Growth, expressed confidence in ProsperOps' ongoing success within Flexera’s portfolio, asserting that the collaboration will bolster ProsperOps’ mission to provide unmatched cloud optimization solutions. Hiatt views Flexera as an ideal partner, given its commitment to helping businesses navigate the complexities of cloud management.
Albert Koh, another Managing Director at H.I.G. Growth, echoed the sentiment, praising ProsperOps for its rapid evolution and ability to exceed growth expectations. He notes that the combination of a seasoned management team and clear innovative vision has propelled the company forward in a competitive landscape. ProsperOps' adaptive platform caters to the needs of clients across various sectors, ensuring its relevance and value continue to expand.
Conclusion
The successful sale of ProsperOps to Flexera not only marks a significant milestone for H.I.G. Growth Partners but also highlights the burgeoning opportunities in the cloud services sector. As businesses increasingly prioritize cost efficiency and operational excellence in their cloud strategies, ProsperOps stands ready to deliver state-of-the-art solutions designed to maximize savings and streamline processes. This merger is sure to be closely watched as it unfolds, promising exciting developments in the field of financial operations automation.
For more information about H.I.G. Growth Partners and its investment strategies, the official website can be visited at HIGgrowth.com.
About ProsperOps
Based in Austin, Texas, ProsperOps has emerged as a leader in its field, providing automated solutions that manage cloud spending across major providers including Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. This innovation assists finance and engineering teams in transitioning from traditional manual practices to streamlined automated processes, significantly enhancing efficiency and savings.
Founded in 2018, ProsperOps has experienced tremendous growth, particularly during its time under H.I.G. Growth's ownership. The company saw its annual recurring revenue skyrocket more than six times, while its EBITDA surged by over nine times. Such remarkable results were achieved through dedicated efforts from both H.I.G. and ProsperOps' management team, showcasing the effectiveness of strategic investments in the tech sector.
The Market Shift
As the broader market for cloud computing continues to mature, ProsperOps has adapted its offerings to meet evolving client demands. Users are no longer satisfied with singular solutions; there is a clear demand for a comprehensive approach that includes rate optimization, workload management, and enhanced cost visibility. CEO Chris Cochran emphasized that, with H.I.G.'s support, the company was able to significantly scale both its platform and organizational structure, preparing it to meet these increased demands.
Through its platform, ProsperOps manages approximately $6 billion in annual cloud expenditures, helping clients achieve substantial savings while reducing risks associated with cloud costs. The company has successfully automated numerous FinOps processes, providing clients with tools that align their financial objectives with operational efficiencies.
Looking Ahead with Flexera
With the acquisition by Flexera, ProsperOps is poised to enter a new chapter. Ross Hiatt, Managing Director at H.I.G. Growth, expressed confidence in ProsperOps' ongoing success within Flexera’s portfolio, asserting that the collaboration will bolster ProsperOps’ mission to provide unmatched cloud optimization solutions. Hiatt views Flexera as an ideal partner, given its commitment to helping businesses navigate the complexities of cloud management.
Albert Koh, another Managing Director at H.I.G. Growth, echoed the sentiment, praising ProsperOps for its rapid evolution and ability to exceed growth expectations. He notes that the combination of a seasoned management team and clear innovative vision has propelled the company forward in a competitive landscape. ProsperOps' adaptive platform caters to the needs of clients across various sectors, ensuring its relevance and value continue to expand.
Conclusion
The successful sale of ProsperOps to Flexera not only marks a significant milestone for H.I.G. Growth Partners but also highlights the burgeoning opportunities in the cloud services sector. As businesses increasingly prioritize cost efficiency and operational excellence in their cloud strategies, ProsperOps stands ready to deliver state-of-the-art solutions designed to maximize savings and streamline processes. This merger is sure to be closely watched as it unfolds, promising exciting developments in the field of financial operations automation.
For more information about H.I.G. Growth Partners and its investment strategies, the official website can be visited at HIGgrowth.com.
Topics Financial Services & Investing）
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