Ostrato Adds Powerful, New Cost Optimization Bundle to its Cloud Management Platform

Ostrato has announced a major improvement to its scalable and easy-to-use cloud management platform, cloudSM. This latest release of cloudSM delivers new financial management capabilities that reduce costs through cloud instance parking and scheduling, simplified administration and governance, and real-time visibility.

“It’s critical that enterprises have effective financial visibility and controls in place to govern cloud usage and spend,” said Ostrato CEO, Jay Chapel.  “With cloudSM’s Cost Optimization Bundle, cost management begins with controlling what cloud services end users can purchase, and extends to simple tools that organizations can use to automatically constrain or limit cloud spend.”

Ostrato’s platform allows organizations to optimize cloud utilization, performance and costs, and it supports traditional IT budget models and chargeback workflows.

“With Ostrato, we have a centralized platform to govern and automate our cloud usage. ROI was immediate, as Fusion saved 55% on our most recent public cloud bills, with no impact on our ability to execute or deliver services to the end user”, said Don Magrogan, CTO, Fusion PPT. “By leveraging Ostrato’s cloud ingest process to discover all existing instances, and then automating instance scheduling by leveraging Ostrato’s unique budget and parking features, we were able to quickly identify and manage spend by user, group and project across all of our cloud providers.”

The financial management package within cloudSM includes:

• Cloud Instance Scheduler & Parking Tool

Ostrato’s first of its kind scheduling tool allows organizations to automatically start, stop and “park” cloud instances.  Auto-parking cloud services during non-peak hours can significantly reduce cloud spend.

• Unified, Centralized Governance & Control

Ostrato’s platform prevents unauthorized cloud usage by leveraging Single Sign On (SSO) and providing strict governance using role based access controls (RBAC).  The system can discover, “auto-ingest” and begin managing cloud services deployed across the enterprise with one click.

• Single “Pane of Glass” for Cloud Visibility & Cost Analysis

Cost projections, usage reports and access to real-time data helps users and managers stay on budget through real-time notifications. cloudSM simplifies cloud finance administration with visibility into cloud service utilization and costs from a single, centralized and unified interface.

Ostrato cloudSM helps organizations determine their true costs and utilization rates of cloud services across the enterprise.  With a single, centralized platform, IT and finance managers can validate ROI and make decisions about current and future cloud expenditures.  For more information or to schedule a free trial or demo, please contact Ostrato at (703) 444-4733(703) 444-4733 or visit our website ostrato.com

About Ostrato

Ostrato empowers IT with a single, integrated cloud management platform for governing hybrid cloud environments, while orchestrating with IT services and reducing costs. Ostrato cloudSM^TM is designed specifically for enterprises that want an integrated approach to governing and managing their heterogeneous cloud services, whether they are public, private or hybrid.  The platform provides tools to ensure that the cloud is utilized to the best advantage across multiple groups and instances in terms of cost, performance, features, functionality and geographic location. More information can be found at www.ostrato.com.

About Ostrato

Ostrato’s cloudSM platform helps companies save time and money managing their complex and fast-growing applications and services in the cloud. cloudSM provides enterprises the visibility and control they need to optimize spend, reduce costs and govern user access across AWS, Azure, VMware, OpenStack and other providers. We do this by providing IT and DevOps with an integrated, self-service platform for provisioning and automating all public, private and hybrid cloud services. In addition, managed service providers (MSPs) can use cloudSM to create new revenue streams, differentiate their offerings and drive down internal costs to meet their customers’ growing demand for cloud consumption. Visit www.ostrato.com to learn more.