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PRESS RELEASE — January 10, 2018 (Dulles, VA) — ParkMyCloud, the leading enterprise platform for continuous cost control in public cloud, announced today that it has released SmartParkingTM for automated cloud cost optimization. The ParkMyCloud platform helps Amazon Web Services (AWS), Microsoft Azure, and Google Cloud customers save money on cloud resources by automatically integrating cost control into their DevOps processes. ParkMyCloud saves money by scheduling cloud resources to turn off when they are not needed – which they call “parking.”
With the new SmartParking release, the ParkMyCloud platform will look for patterns in utilization data from AWS CloudWatch, and create recommend schedules for each instance to turn them off when they are typically idle. This minimizes idle time to maximize savings on cloud resources – saving customers 65% or more.
“No other cloud management vendor is doing this,” said ParkMyCloud CTO Bill Supernor. “This new layer of automation takes cost optimization a step further than most tools go, from visibility to actionable, evidence-based scheduling, for maximized cost savings with minimal employee time needed to manage it.”
Like an investment portfolio, users can choose to receive SmartParking schedules that are “conservative”, “balanced”, or “aggressive” — where conservative schedules protect all historic “on” times, while aggressive schedules prioritize maximum savings.
“ParkMyCloud has helped my team save so much on our AWS bill already, and SmartParking will make it even easier,” said ParkMyCloud customer Tosin Ojediran, DevOps Engineer at a FinTech company. “The automatic schedules will save us time and make sure our instances are never running when they don’t need to be.”
This release supports SmartParking for AWS resources, with near term plans to add Azure and Google Cloud SmartParking support as well.
ParkMyCloud is a SaaS platform that helps enterprises optimize their public cloud spend by integrating cost control into their DevOps processes and automatically reducing resource waste — think “Nest for the cloud”. ParkMyCloud has helped customers such as McDonald’s, Capital One, Unilever, Avid, and Sage Software dramatically cut their cloud bills by up to 65%, delivering millions of dollars in savings for customers using Amazon Web Services, Microsoft Azure, and Google Cloud Platform. For more information, visit http://www.parkmycloud.com.
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