RightScale's promise of providing its customers with a multi-cloud cost management solution that integrates with a cloud management platform is being fulfilled.

The Santa Barbara, California-based cloud porfolio management provider on Monday announced the general availability of Cloud Analytics, a new product that RightScale says will provide IT administrators with the right tools to forecast cloud spending and other financial management matters.

"RightScale Cloud Analytics enables you to visualize, forecast, and optimize costs across your entire portfolio of public and private clouds," RightScale Cloud Analytics Product Manager Hassan Hosseini said in a statement.

Hosseini also noted the participation of more than 1,000 customers in the Cloud Analytics public beta program, which was first announced in November 2013.

Several new capabilities have been added to Cloud Analytics since the beta was first launched: scheduled reports, enhanced scenario builder, budget alerts, identifying waste and multi-account reserved instance visibility.

A little over a month ago, RightScale introduced a new self-service portal to assist developers and other cloud users with gaining access to cloud infrastructure.

Cloud Analytics is part of the RightScale Cloud Portfolio Management platform, which also includes Cloud Management and Self-Service.

RightScale hasn't received any funding from investors since September 2010, when it was given $25 million in Series C financing. The company has secured $62 million in funding to date.

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