Rhombus has announced the acquisition of Dashdive, a SaaS platform specializing in monitoring and analyzing multi-tenant cloud service costs.

The acquisition enables Rhombus to optimize cloud expenses and deliver more cost-effective solutions to its global, cross-industry customer base, the company reports.

Rhombus’ use of Dashdive

Rhombus had been using Dashdive’s technology to gain deeper insights into its cloud costs on a per-camera and per-customer basis.

This acquisition allows Rhombus to fully integrate Dashdive’s cost management capabilities into its operations, supporting the company’s mission to deliver cloud-based camera, sensor, access control and alarm monitoring systems at competitive price points.

“Strengthening our operational efficiency”

Brandon Salzberg, VP of Engineering, Rhombus commented: “As we’ve scaled to more than 50,000 locations worldwide, understanding our cloud infrastructure costs at a granular level becomes increasingly critical.

“Dashdive has already played a critical role helping us optimize cloud expenses.

“By bringing the technology in-house with this acquisition, we’re strengthening our operational efficiency and passing those benefits on to our customers through more competitive pricing and enhanced service delivery,” Salzberg concluded.

“Validates our vision”

Adam Shugar, CTO and Co-Founder, Dashdive stated: “Joining forces with Rhombus is the perfect next step for Dashdive.

“Seeing how Rhombus has leveraged our platform to enhance their services validates our vision and we’re excited to continue this journey as part of the Rhombus team.”

The acquisition

Rhombus highlights that it serves over 3,000 customers from school districts to manufacturers to Fortune 500 enterprises.

With the addition of Dashdive’s expertise in cloud cost management, the company notes that it is positioned to further accelerate innovation while maintaining its commitment to providing scalable, future-proof solutions.