Palo Alto, - July 17, 2024: CloudEagle.ai, a leading SaaS management and procurement platform, proudly announces its recognition in the 2024 Gartner Magic Quadrant for SaaS Management Platforms (SMPs) report. We believe this recognition highlights CloudEagle.ai’s commitment to delivering an innovative, customer-centric product that enables organizations to effectively govern & manage their ever-growing SaaS portfolio and optimize spend.
According to the Gartner research, “Gartner defines SaaS management platforms (SMP) as software tools that aim to help organizations discover, manage, optimize and automate the SaaS application life cycle from one centralized console.”
According to Gartner predictions, “Through 2027, organizations that fail to centrally manage SaaS life cycles will remain five times more susceptible to a cyber incident or data loss due to incomplete visibility into SaaS usage and configuration. Through 2027, organizations that fail to attain centralized visibility and coordinate SaaS life cycles will overspend on SaaS by at least 25% due to unused entitlements and unnecessary, overlapping tools.” This underscores the importance of SaaS management platforms, as they help companies govern their SaaS and optimize their spend efficiently.
CloudEagle.ai’s unique capabilities in these areas and its industry-leading 500+ integrations have made a significant impact, streamlining SaaS management, IT asset management, license entitlement optimization, app lifecycle management, and access management for enterprises like RingCentral, Shiji, ICEYE, etc. resulting in effective SaaS governance and cost savings.
“We are thrilled to be recognized in the 2024 Gartner Magic Quadrant for SaaS Management Platforms,” said Nidhi Jain, CEO and Founder of CloudEagle.ai.
“Our goal has always been to help enterprises streamline SaaS management and access governance and improve their ROI,” Nidhi Jain continued. “In our opinion, this validates our commitment to customer-centric product development.”
With over 8,000 workflows, $2B+ in processed transactions, and $150M+ in SaaS spend savings, CloudEagle.ai continues to lead the way in SaaS management and procurement, serving a diverse range of customers across various verticals.
Gartner, Magic Quadrant for SaaS Management Platforms, Tom Cipolla, Yolanda Harris, et al., 22 July 2024
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About CloudEagle.ai
CloudEagle.ai is a leading SaaS management and procurement platform that helps IT, procurement, and security teams to discover, optimize, govern, and renew their SaaS applications from one platform. Founded by industry veterans with decades of experience in SaaS management & procurement, it is backed by Y Combinator, RingCentral, f7 Ventures, and others. The company has achieved over $150 million in SaaS savings by processing $2 billion+ in transactions using its library of 500+ deep integrations.
