This week, Gartner released the Magic Quadrant and Critical Capabilities for Cloud Financial Management Tools 2024. As per Gartner note, “A Magic Quadrant provides a graphical competitive positioning of four types of technology providers, in markets where growth is high and provider differentiation is distinct:
- Leaders execute well against their current vision and are well positioned for tomorrow.
- Visionaries understand where the market is going or have a vision for changing market rules, but do not yet execute well.
- Niche Players focus successfully on a small segment, or are unfocused and do not out-innovate or outperform others.
- Challengers execute well today or may dominate a large segment, but do not demonstrate an understanding of market direction.”* In addition Gartner states, “Critical Capabilities research complements a Gartner Magic Quadrant by allowing deeper insight into the providers’ product or service offerings by identifying which ones best fit various use cases.”**
The VMware Tanzu CloudHealth team is excited and proud to announce that Broadcom has been named a Leader in the 2024 Gartner Magic Quadrant for Cloud Financial Management Tools!
Broadcom was also identified in the 2024 Gartner Critical Capabilities for Cloud Financial Management Tools.
As Broadcom’s Cloud Financial Management solution, Tanzu CloudHealth aims to provide a comprehensive, end-to-end FinOps solution while becoming a vital part of a FinOps practice for our customers. By driving awareness to action, we help FinOps practitioners understand where they need to devote their attention and simplify the management of complex environments. Our ability to ingest data from myriad sources, integrate with third-party tools that are necessary for operations, export granular reporting, and offer flexible access and permissions to mirror your organization enable us to sit at the center and accelerate global business transformation in the cloud.
In addition, Tanzu CloudHealth is the FinOps solution of choice for hundreds of MSPs around the globe leveraging it as an integral part of their cloud services strategy. Known for offering the highest levels of data integrity and scalability, Tanzu CloudHealth enables managed service providers to streamline customer billing, centralize customer management, and drive profitability at scale. With Tanzu CloudHealth powering their business, MSPs can shift their attention and energy to providing the most valuable service possible across their customer base and developing relationships with key stakeholders.
To learn more about Tanzu CloudHealth and get started with a trial, please visit the Tanzu CloudHealth website. We are also gearing up for FinOps X Europe in November and AWS re:Invent in December, so please make sure to visit our booths to meet with our team!
To review the full Gartner Magic Quadrant and Critical Capabilities for Cloud Financial Management Tools 2024, please visit Gartner.com. The full report is available for Gartner subscribers, as well as available for purchase.
Gartner, Magic Quadrant for Cloud Financial Management Tools, Dennis Smith, David Wright, et al., 15 October 2024
Gartner, Critical Capabilities for Cloud Financial Management Tools, Dennis Smith, Marco Meinardi, et al., 16 October 2024
*Gartner Research Methodologies, Gartner Magic Quadrant, 22 October 2024
https://www.gartner.com/en/research/methodologies/magic-quadrants-research
*Gartner Research Methodologies, Gartner Critical Capabilities, 22 October 2024
https://www.gartner.com/en/research/methodologies/research-methodologies-gartner-critical-capabilities
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