Spot by Flexera is a set of products for cloud cost management and FinOps in multi-cloud environments. The portfolio includes Eco, which manages cloud commitments such as reserved instances and savings plans on AWS, Azure and Google Cloud; Ocean, which manages Kubernetes infrastructure; and Elastigroup, which scales workloads using spot instances. It is delivered as SaaS and targets teams that want to optimise the cost, performance and availability of containers and virtual machines.
Spot was previously part of NetApp under the name Spot.io. Flexera completed the acquisition of this FinOps portfolio on 3 March 2025. Flexera is a US company; its press releases carry the datelines Itasca, Illinois and San Jose, California. The product is not open source. For a European organisation, the vendor therefore falls under US jurisdiction, including the CLOUD Act. Because the software has insight into cloud accounts and usage data, it is sensible to settle access permissions, processing location and contractual terms in advance.