SAN FRANCISCO, Jan. 6, 2026 /PRNewswire/ -- H.I.G. Growth Partners 
("H.I.G. Growth"), the dedicated growth capital investment affiliate of 
H.I.G. Capital, a leading global alternative investment firm with $74 
billion of capital under management, is pleased to announce the sale of 
its portfolio company ProsperOps, Inc. ("ProsperOps" or the "Company"), 
a provider of autonomous cloud cost optimization software, to Flexera, a 
portfolio company of Thoma Bravo. 
 
 
 
   Headquartered in Austin, Texas, ProsperOps is a leading FinOps 
automation platform for cloud cost optimization across Amazon Web 
Services ("AWS"), Google Cloud Platform, and Microsoft Azure. The 
Company enables enterprises to manage cloud commitments autonomously, 
helping finance, engineering, and procurement teams move from manual, 
recommendation-based workflows to automated savings execution. 
 
 
   H.I.G. Growth Partners invested in ProsperOps in December 2022 and 
worked closely with management to support the Company's transformation 
and to scale its operations. During H.I.G. Growth's ownership, 
ProsperOps grew annual recurring revenue more than six-fold and 
increased EBITDA by more than nine-fold. Over the last three years, 
ProsperOps has evolved rapidly, expanding from a single-product, 
single-cloud solution into a multi-product platform supporting all three 
major cloud service providers, while significantly broadening its 
addressable market and customer value proposition. The Company now 
manages approximately $6 billion in annual cloud spend for its 
customers. 
 
 
   Chris Cochran, CEO and Co-Founder of ProsperOps, said, "ProsperOps was 
founded on the belief that many of the critical cloud cost optimization 
use cases, particularly rate optimization, could be delivered through 
AI-enabled management. As the market matures, customers are asking for 
more than point solutions; they want unified rate optimization, workload 
optimization, and cost visibility. With H.I.G.'s help, we significantly 
scaled the platform and organization, and we are now uniquely positioned 
to deliver the comprehensive FinOps platform that organizations have 
been asking for as we enter the next phase with Flexera." 
 
 
   Ross Hiatt, Managing Director and Head of H.I.G. Growth, said: "Since 
our investment in ProsperOps, we have been proud to partner with Chris 
and the broader team to help build a clear leader in FinOps automation. 
The team's focus on product innovation, disciplined execution, and 
customer outcomes has driven exceptional growth and platform expansion. 
We are proud of what the team has built and believe the Company is 
well-suited to continue its development within Flexera's portfolio." 
 
 
   Albert Koh, Managing Director at H.I.G. Growth, said: "ProsperOps' 
evolution over the past several years reflects the power of combining a 
world-class management team with a clear vision for product innovation. 
From expanding the platform across all major cloud providers to scaling 
the organization globally, the Company has consistently executed ahead 
of expectations. We are grateful for our partnership with Chris and the 
entire ProsperOps team and we are confident that they will continue to 
thrive as part of Flexera." 
 
 
   About ProsperOps 
 
 
   ProsperOps, is the leading FinOps Automation Platform for cloud cost 
optimization on Amazon Web Services (AWS), Google Cloud, and Microsoft 
Azure. Eliminating waste and achieving cost savings goals is challenging 
when cloud usage is dynamic, but commitments are manual. Founded in 
2018, the platform automates and synchronizes rate optimization with 
workload optimization, eliminating waste, reducing costs and risk, and 
improving efficiency for FinOps teams. With the platform, customers 
achieve world-class Effective Savings Rates, lower Commitment Lock-In 
Risk, and maximum flexibility. ProsperOps autonomously manages $6 
billion of annual cloud usage and has generated over $3 billion of 
lifetime savings. 
 
 
   About H.I.G. Growth Partners 
 
 
   H.I.G. Growth Partners is the dedicated growth capital investment 
affiliate of H.I.G. Capital, a leading global alternative investment 
firm with $74 billion of capital under management.* H.I.G. Growth seeks 
to make both majority and minority investments in strong, 
growth-oriented businesses located throughout North America, Europe, and 
Latin America. H.I.G. Growth Partners considers investments across all 
industries but focuses on certain high-growth sectors where it has 
extensive in-house expertise, such as technology, healthcare, internet 
and media, consumer products and technology-enabled financial and 
business services. H.I.G. Growth strives to work closely with its 
management teams to serve as an experienced resource, providing 
broad-based strategic, operational, recruiting, and financial management 
services from a vast in-house team and a substantial network of 
third-party relationships. For more information, please refer to the 
H.I.G. website at HIGgrowth.com. 
 
 
   *Based on total capital raised by H.I.G. Capital and its affiliates. 
 
 
   Contact: 
 
   Ross Hiatt 
 
   Managing Director 
 
 
   rhiatt@higgrowth.com 
 
   Albert Koh 
 
   Managing Director 
 
 
   akoh@higgrowth.com 
 
   H.I.G. Growth Partners 
 
   One Sansome Street 
 
   37(th) Floor 
 
   San Francisco, CA 94104 
 
   P: 415.439.5500 
 
 
   higgrowth.com 
 
 
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   SOURCE H.I.G. Capital 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 06, 2026 09:16 ET (14:16 GMT)