A hybrid cloud is a computing environment that has been hardened with a combination of computing, storage, and services in various environments.

Hybrid cloud solutions enable the migration and management of workloads between these various cloud environments, whether public or private, on-prem or otherwise.

A hybrid cloud approach is one of the most common setups found in cutting edge cloud environments, because it offers stakeholders the most robust and reliable means of utilizing cloud technologies, while ascertaining lower costs, scalability, security, flexibility, and cutting edge technology.  

Yes… it does all that and more.