Multi-Cloud Governance Provider CoreStack Acquires Optio3

Ezhilarasan Natarajan, Founder and CEO of CoreStack
“We’ve been leveraging Optio3’s technology in our platform for 9 months and have had tremendous success with it,” said Ezhilarasan Natarajan, Founder and CEO of CoreStack.

CoreStack, a supplier of global multi-cloud governance solutions, has announced the acquisition of Optio3, a Seattle, WA-based AI-powered operations management firm.

As a consequence, CoreStack will fully acquire the technology and intellectual property of Optio3 and incorporate the Optio3 staff into the CoreStack team.

“We’ve been leveraging Optio3’s technology in our platform for 9 months and have had tremendous success with it,” said Ezhilarasan (Ez) Natarajan, Founder and CEO of CoreStack. “We now have the opportunity to bring the Optio3 team’s expertise in-house and can further tailor the technology to support our enterprise customers’ needs.”

Optio3 Co-founder and CEO Sridhar (Sri) Chandrashekar will be joining the CoreStack leadership team as Chief Digital Officer (CDO). Financial terms of this acquisition were not disclosed.

Automating Cloud Infrastructure

CoreStack offers a “next generation” multi-cloud governance platform to let businesses unleash the potential of the cloud on their terms. This governance system offers 360-degree insight across financial management (FinOps), security operations (SecOps), and cloud operations (CloudOps) on a single dashboard, as well as proactive multi-cloud governance.

The Optio3 acquisition would help CoreStack deliver these multi-cloud governance capabilities because it will bring their extensive industry experience in developing scalable SaaS products as well as a tried-and-true technological framework that fortifies the platform, automates the cloud infrastructure, and quickens innovation and delivery.

“CoreStack is at an inflection point in its growth curve with a phenomenal pipeline of Fortune 5000 customers,” said Sri Chandrashekar, CoreStack’s new CDO. “The Optio3 team is highly specialized in delivering high-scale platforms and SaaS solutions to those enterprise customers. I’m excited that we’re working together to achieve CoreStack’s ambitious vision and product roadmap for NextGen Cloud Governance.”

Optio3’s Technology and Team

With its headquarters in Bellevue, Washington, an engineering center of excellence in Chennai, India, and staff members spread out all around the world to offer smooth support, CoreStack is a multinational company that was founded in 2016. More than 150 new employees, substantial business transactions, and a large number of prestigious partners have been recruited to CoreStack since January 2022. Annual booked sales increased by more than 100%, and client renewal rates stayed the same. CoreStack customers and partners collectively spend more than $2 billion on cloud services each year, and the firm has increased its commitment to partnerships with AWS, Azure, Google, and Oracle.

“We are thrilled to be bringing Optio3’s technology and team into our family,” said Ez Natarajan. “CoreStack was born with the mission of establishing a robust, NextGen governance layer on top of even the most complex multi-cloud ecosystems. We are now perfectly positioned to offer our customers a highly scalable, manageable, and reliable solution – one that drives digital transformation and delivers next-level performance.”

“We are delighted to bring in Optio3’s technology,” said Sabapathy Arumugam, Co-Founder and CTO of CoreStack. “CoreStack was born with the mission of establishing a robust, NextGen governance layer on top of even the most complex multi-cloud ecosystems. We are now perfectly positioned to offer our customers a highly scalable, manageable, and reliable solution – one that drives digital transformation and delivers next-level performance.”

“We are thrilled to be bringing Optio3’s technology and team into our family,” added Ez Natarajan.CoreStack was born with the mission of establishing a robust, NextGen governance layer on top of even the most complex multi-cloud ecosystems. We are now perfectly positioned to offer our customers a highly scalable, manageable, and reliable solution – one that drives digital transformation and delivers next-level performance.”