Press Releases Archives - ParkMyCloud

The Press Releases section of our website not only relates to ParkMyCloud press releases, but also to any snippets of news that have caught our eye and relate to events in our industry. We use this section to communicate relevant information about cloud scheduling services, cloud computing management software, and cloud hosting service providers.

Naturally press releases from ParkMyCloud will figure prominently in this section. As the company and its product develops – and more organizations adopt our software for reducing cloud computing costs – we will share our news with you. If you are interested in how to reduce the cost of cloud computing services, you should bookmark this page and visit it often.

Are there any press releases you think should be included in this section? Contact us and let us know.

ParkMyCloud Launches App to Meet Demand for Mobile Cloud Cost Optimization

Cloud Cost Optimization Just Got Easier With the New ParkMyCloud Mobile App

November 8, 2017 (Dulles, VA) – ParkMyCloud, the leading enterprise platform for continuous cost control in public cloud, announced today the release of a new iOS app that allows users to park idle instances directly from their mobile devices. The app makes it easy for ParkMyCloud customers to reduce cloud waste and cut monthly cloud spend by 65% or more, now with even more capability and ease of use.

Before release of the app, current users were invited to participate in a beta test and offer feedback. Keith Nichols, CTO of FurstPerson, said, “Overall love it. I was out to dinner last Friday and got an emergency call to restart an instance that was parked – and I had my phone with me and was able to use the app without needing to drive home to login to my laptop.”

ParkMyCloud CTO Bill Supernor adds that “In addition to reducing cloud costs, ParkMyCloud stands for simplicity and ease of use. Our customers are thrilled to have control over cloud resources with a mobile app, making reducing cloud spend that much easier, even when they are on the go.”

ParkMyCloud is a recognized leader in cloud cost optimization. The new mobile app is another example of how the platform provider is making the experience of managing cloud costs easier and more accessible for enterprise customers. An Android version of the app is currently in development. ParkMyCloud also plans to release utilization-based parking later this year, to further automate instance off times and maximize savings.

About ParkMyCloud

ParkMyCloud is a SaaS platform that helps enterprises optimize their public cloud spend by automatically reducing resource waste — think “Nest for the cloud”. ParkMyCloud has helped customers such as McDonald’s, Capital One, Unilever, Foster Moore, 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.

Contact

Katy Stalcup

kstalcup@parkmycloud.com

(571) 334-3291

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ParkMyCloud Appoints Veteran Tech Leader Bill Supernor as CTO

Cloud Cost Optimization Platform Vendor Gears Up for Rapid Expansion with New Hire

October 16, 2017 (Dulles, VA) – ParkMyCloud, the leading enterprise platform for continuous cost control in public cloud, announced today that Bill Supernor has joined the team as Chief Technology Officer (CTO). His more than 20 years of leadership experience in engineering and management have included scaling teams and managing enterprise-grade software products, including KoolSpan’s TrustCall secure call and messaging system.

At ParkMyCloud, Supernor will be responsible for product development and software engineering as ParkMyCloud expands its platform, which currently helps enterprises like McDonald’s, Unilever, and Fox control costs on Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, to more clouds and continues to add more services and integrations.

“Bill’s experience in the software industry will be a boon to us as we scale and grow the business,” said ParkMyCloud CEO Jay Chapel. “His years in the software and IT space will be a huge advantage as we grow our engineering team and continue to innovate upon the cost control platform that cloud users need.”

“This is a fast-moving company in a really hot space,” said Supernor. “I’m excited to be working with great people who have passion about what they do.”

Prior to joining ParkMyCloud, Supernor was the CTO of KoolSpan, where he led the development of a globally deployed secure voice communication system for smartphones. He has also served in engineering leadership positions at Trust Digital, Cognio, Symantec, and McAfee/Network Associates, and as an officer in the United States Navy.

About ParkMyCloud

ParkMyCloud is a SaaS platform that helps enterprises optimize their public cloud spend by automatically reducing resource waste — think “Nest for the cloud”. ParkMyCloud has helped customers such as McDonald’s, Capital One, Unilever, Fox, and Sage Software dramatically cut their cloud bills by up to 65%, delivering millions of dollars in savings on Amazon Web Services, Microsoft Azure, and Google Cloud Platform. For more information, visit http://www.parkmycloud.com.

Contact

Katy Stalcup

kstalcup@parkmycloud.com

(571) 334-3291

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ParkMyCloud Releases Parking to Automate AWS RDS Cost Savings

Amazon Web Services Customers Can Now Schedule Stop/Start for AWS RDS Instances with ParkMyCloud’s Automated Cost Savings Platform

June 20, 2017 (Dulles, VA) – ParkMyCloud, the leading enterprise platform for continous cost control in public cloud, today announced that it now offers “parking” for Amazon Web Services (AWS) Relational Database Service (RDS) instances. With parking, users can automatically put resources on on/off schedules, so they only pay for the hours they’re actually using. This is the first parking feature on the market that’s fully integrated with AWS’s recently launched RDS start/stop capability.

RDS is the area of biggest of cloud spend after compute, accounting for about 15-20% of an average user’s bill. In fact, the savings users can enjoy from parking RDS will be significant. On average, ParkMyCloud users save $140 per parked instance per month on compute – and as RDS instances cost significantly more per hour, the savings will be proportionally higher.

“Adding the ability to ‘park’ RDS is a great enhancement to ParkMyCloud’s platform which already helps us reduce our monthly AWS EC2 spend. It’s actually a feature we’ve asked for, so we appreciate how quickly they were able to get this out the door,” said Greg Austin, Global IT DevOps Automation Manager at RateMyAgent.

“Our customers made it clear they wanted RDS parking, and we’re happy to deliver it after working with AWS on the integration,” said ParkMyCloud CEO Jay Chapel. “We’re focused on continuing to build the best cloud cost control platform in the market, so when our customers speak, we listen.”

In addition to AWS, ParkMyCloud also supports Microsoft Azure, and Google Cloud Platform. As with the RDS Parking enhancement, ParkMyCloud will be adding automated cost savings functionality for services beyond compute across all three providers.

About ParkMyCloud

ParkMyCloud is a SaaS platform that helps enterprises optimize their public cloud spend by automatically reducing resource waste — think “Nest for the cloud”. ParkMyCloud has helped customers such as McDonald’s, Capital One, Unilever, Fox and Sage Software dramatically cut their cloud bills by up to 65%, delivering millions of dollars in savings. For more information, visit http://www.parkmycloud.com.

Press Contact

Katy Stalcup

kstalcup@parkmycloud.com

(571) 334-3291

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ParkMyCloud Adds Google Cloud Platform to Automated Cost Savings Tool

Customers to Realize Billions of Dollars in Reduced Cloud Spend and Waste Through Continuous Cost Control

June 6, 2017 (Dulles, VA) – ParkMyCloud, the leading enterprise app for optimizing and reducing cloud spend, today announced that it now supports auto-scheduling for Google Cloud Platform in addition to Amazon Web Services (AWS) and Microsoft Azure. ParkMyCloud launched its “Nest for the cloud” platform in September 2015 to enable public cloud users to automatically turn off idle instances, saving 20-60% on their cloud bills every month. The company has seen rapid customer growth, and customers include companies such as McDonald’s, Fox, Capital One, Sage Software, and Wolters Kluwer.

With the addition of Google Cloud Platform, ParkMyCloud now provides continuous cost control for the three largest cloud providers in the $23 billion public cloud market. This means ParkMyCloud enables enterprises to eliminate wasted cloud spend – a $6 billion problem in 2017 (with the growing public cloud market, that’s a $17 billion problem by 2020).

451 Research Vice President William Fellows said of the announcement, “ParkMyCloud is the first vendor in the single-purpose cost control space to support all three major public cloud providers, which is great news for Azure and Google Cloud users. As companies mature in their use of public cloud and Google’s cloud becomes more relevant, cost control becomes even more of a priority.”

“Google has made enterprises a priority target for their cloud offering this year, so we knew it was imperative that we support these users as quickly as possible,” said ParkMyCloud CEO Jay Chapel. “We’ve helped Fortune 500 and multinational corporations achieve millions in savings on AWS and Azure, and we’re looking forward to doing the same for users of Google Cloud Platform.”

Tosin Ojediran, a DevOps engineer at a financial technology company, explains how the savings and immediate usability of ParkMyCloud made a difference for his organization, saying, “We sent the savings numbers to our CFO, and he said, ‘wow, this is awesome.’ ParkMyCloud was up and running in 5-10 minutes, it was easy to integrate, easy to use, and delivers what it promises.”

With the major milestone of Google Cloud Platform support achieved, ParkMyCloud plans to broaden its offerings within each cloud provider by adding cost-savings functionality for services beyond compute, while continuing to provide innovative features that allow customers to integrate continuous cost control seamlessly into their DevOps processes.

About ParkMyCloud

ParkMyCloud is a SaaS platform that helps enterprises optimize their public cloud spend by automatically reducing resource waste — think “Nest for the cloud”. ParkMyCloud has helped customers such as McDonald’s, Capital One, Unilever, Fox and Sage Software dramatically cut their cloud bills by up to 65%, delivering millions of dollars in savings. For more information, visit http://www.parkmycloud.com.

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Riding Wave of Rapid Growth, ParkMyCloud to Pitch at Collision Conference 2017

collision conference 2017April 26, 2017 (Dulles, VA) — ParkMyCloud, the platform that helps enterprises optimize public cloud spend, will be pitching at Collision Conference in New Orleans, Lousiana next week in the midst of a period of rapid growth for the company.

ParkMyCloud’s customer base has grown by 50% already in 2017, following a successful first full year in 2016. Customers cross verticals and range in size from startups through Fortune 500 companies, and include McDonald’s, Fox, Capital One, Sage, Wolters Kluwer, Neustar, Philips Respironics, and Raytheon.

Customer use of ParkMyCloud’s platform has also been a success. Customers routinely save 65% or more using ParkMyCloud, and the amount of cumulative savings accelerates every day as new users come on board.

While customers benefit from ParkMyCloud’s automated savings, the team has been busy enhancing the platform. Most notably, in January, ParkMyCloud announced support for Microsoft Azure, in addition to Amazon Web Services, which has been supported since September 2015.

Additionally, customers can now log in to ParkMyCloud and add new users in their organizations using Single Sign-On (SSO) providers, including: Google Apps, Ping, Okta, Azure Active Directory, and OneLogin. A recently launched free tier allows users to use ParkMyCloud’s core scheduling functionality for free, forever – enabling developers to free up the time they may have otherwise spent scripting in-house solutions to schedule off time for their instances.

The success has not gone unnoticed outside of the company. ParkMyCloud was voted through to the Final 4 of the DC Inno Tech Madness competition in March. The company was also selected as a finalist in the 2017 Greater Washington Innovation Awards for Emerging Tech Innovator of the Year. ParkMyCloud is routinely mentioned by industry pundits 451 Research, EMA, CRN and Cloud Computing Magazine as a rising star in cloud cost optimization.

Through the rest of 2017, ParkMyCloud looks to continue advancing the platform functionality with more cost optimization functionality , including support for Google Cloud Platform and optimization options for databases and storage. This poises ParkMyCloud for exponential growth over the next several years.

About ParkMyCloud

ParkMyCloud is a SaaS platform that helps enterprises optimize their public cloud spend by automatically reducing resource waste — think “Nest for the cloud”. ParkMyCloud has helped customers such as McDonald’s, Capital One, Unilever, Fox, Sage Software, and Infor dramatically cut their cloud bills by up to 65%, delivering millions of dollars in savings. For more information, visit http://www.parkmycloud.com.

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New ParkMyCloud Plan Brings Free Cloud Cost Optimization to All

free cloud cost optimizationApril 18, 2017 (Sterling, VA) – ParkMyCloud, the SaaS platform that helps enterprises optimize public cloud spend, has announced a new pricing model, including the core cost savings functionality available in a free plan. The free cloud cost optimization plan was created to enable developers and DevOps practitioners to save money on non-production resources that are not being used nights and weekends. Currently, these practitioners are using homegrown scheduling scripts, which although they are “notionally free”, are actually are a suboptimal approach and require valuable in-house resources to develop and maintain.

ParkMyCloud is taking this burden off the shoulders of developers by offering its core automated instance scheduling functionality to all users, with or without a paid subscription. The account setup process typically takes customers less than 15 minutes. Then users can quickly create automated scheduling policies, so that their non-production resources, such as development, staging, test, and QA, are turned off when they are not needed, such as nights and weekends. A schedule that runs these instances during an 8-hour workday, 5 days a week, and “parks” them the rest of the week, saves 65% of the cost of the instance – all with minimal setup and maintenance time required.

In the new pricing structure, advanced features such as SSO, multi-cloud support, API, audit logs, and reporting will require subscription to a paid tier. The premium features have been added to support companies who are scaling in the public cloud or who need higher levels of governance or security.

The new model gives all new users access to a 14-day trial that allows them to experience all of the premium features. At the end of those 14 days, users can choose to subscribe to the plan that meets their needs.

Customer feedback has been positive regarding the ease of use and savings achieved. “ParkMyCloud has been great for us to reduce AWS costs,” said DevOps Engineer Tosin Ojediran. “We’re better staying within budget now. ParkMyCloud actually really exceeded my expectations. We sent the savings numbers to our CTO, and he said, ‘wow, this is awesome.’ It’s easy to use, it does what it’s supposed to use.”

About ParkMyCloud

ParkMyCloud is a SaaS platform that helps enterprises optimize their public cloud spend by automatically reducing resource waste — think “Nest for the cloud”. ParkMyCloud has helped customers such as McDonald’s, Capital One, Unilever, Fox, Sage Software, and Infor dramatically cut their cloud bills by up to 65%, delivering millions of dollars in savings. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Adds Auto-Scheduling for Microsoft Azure

auto-scheduling for microsoft azureAuto-Scheduling for Microsoft Azure Opens Door for Microsoft Azure Customers to Save Millions

January 24, 2017 (Sterling, VA) – ParkMyCloud, the leading enterprise app for optimizing and reducing cloud spend, today announced that it now supports auto-scheduling for Microsoft Azure in addition to Amazon Web Services (AWS). ParkMyCloud launched its “Nest for the cloud” platform in September 2015 to enable AWS customers to automatically turn off idle instances, saving 20-60% on their cloud bills every month. The company has seen rapid customer growth, and customers include companies such as McDonald’s, Sage Software, Neustar, Avid, and Wolters Kluwer.

With Azure, ParkMyCloud significantly broadens its public cloud appeal. AWS has the largest Infrastructure-as-a-Service (IaaS) market share at about 30%, while Azure comes in second at 11%. Adding the second-largest provider means that a greater share of public cloud users can now manage and optimize their resources and get savings on their cloud environments. Additionally, ParkMyCloud now supports not only customers who primarily use one provider or the other, but others who have a multi-cloud environment crossing both AWS and Azure.

451 Research Vice President William Fellows commented on the announcement, saying, “After ParkMyCloud’s work in 2016 deepening their functionality in AWS, supporting Azure helps them target this additional market. The single-purpose tool approach helps ParkMyCloud efficiently address the cloud cost control market and Azure customers should appreciate the new opportunity for simple savings.”

“During 2016, our customers saved over $1.6 million on their cloud bills using our innovative approach to cost savings,” said ParkMyCloud CEO Jay Chapel. “Support for Azure was the top requested feature, so today’s launch will help us drive even bigger growth during 2017 as we become a go-to resource for DevOps and IT users on all the major cloud service providers.”

ParkMyCloud plans to support Google Compute Engine early this year. Following this expansion, ParkMyCloud will broaden its cost-saving offerings to cover databases, storage, and rightsizing.

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Announces “Zero-Touch Parking” for Automated Cloud Cost Optimization

Automation engine from AWS cost optimization leader ParkMyCloud will eliminate wasted cloud spend, making dent in $5.6 billion problem

Sterling, VA, October 24th, 2016 – ParkMyCloud announced that it has released “Zero-Touch Parking” – a first-of-its-kind automation engine that applies start/stop schedules and policies to cloud instances. Zero-Touch Parking is a game-changing addition to ParkMyCloud’s cloud cost optimization platform, as it allows users to “take their hands off the wheel” and let ParkMyCloud apply the parking schedules — automatically.

Up to $5.6 billion is wasted every year on public cloud resources that are not being used during evenings and weekends for development, testing, and staging environments. In its first year, ParkMyCloud’s programmable “light switch” for cloud environments has already saved its customers over $1 million (an average ROI of 1700%). As its reach grows, ParkMyCloud expects this to grow 500% to over $5 million in savings during year 2.

In addition to automated cost savings with Zero-Touch Parking, ParkMyCloud’s new policy engine increases security and eases governance. Administrators can create rules to automatically assign instances to teams of users, and to protect certain instances, such as mission-critical production environments, from accidentally being turned off by users.

“Zero touch parking and the associated policy engine enables ParkMyCloud to take its position as a ‘Nest’ for the cloud cost optimization market using analytics and automation,” said CTO Dale Wickizer. “This new, powerful engine – our most-requested feature – will help our users save a significant amount of time managing their cloud resources.”

Next on the horizon for ParkMyCloud is expansion to support additional cloud providers beyond Amazon Web Services (AWS). ParkMyCloud plans to support Microsoft Azure at the beginning of 2017, with Google Cloud Platform to follow.

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald\\\’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Partners with Distributor “Too Many Clouds” to Bring Cloud Cost Optimization to the UK

Too Many Clouds” to spearhead growth of ParkMyCloud’s AWS scheduling and cost reduction platform in the United Kingdom, Republic of Ireland and Australia.

Sterling, VA, September 19th, 2016 – ParkMyCloud today announced a partnership with cloud and disruptive technology distributor Too Many Clouds, based in the United Kingdom. The technology distributor will spearhead ParkMyCloud’s growth in the UK, the Republic of Ireland and Australia.

Too Many Clouds focuses on helping IT organizations better procure, contract, and budget for IT expenditure in a way that captures the efficiencies of cloud computing at a low cost. With ParkMyCloud, their customers will be able to optimize their Amazon Web Services (AWS) spending with automated start/stop times for non-production instances, allowing them to reduce AWS bills by up to 60%.

“Too Many Clouds is exactly the kind of organization we were looking to partner with,” said Jay Chapel, CEO and Co-Founder of ParkMyCloud. “Their expertise and reach is an excellent addition to ParkMyCloud’s growing presence throughout the globe.”

“We believe in delivering our resellers, and by extension their customers, best-in-class cloud solutions,” Jazz Padda, Managing Director of Too Many Clouds. “We do this as the go-to distributor for all Pan-EMEA and APAC resellers that want to provide innovative solutions and ‘disruptive technology’ to their customers. ParkMyCloud help us achieve that “disruptive” status in AWS whilst saving our customers money. With the technology sector forever evolving, IT Resellers and MSPs have to continuingly adapt – which we assist with by providing the training, along with everything else, in order to enable them to provide the current tech trends.”

About Too Many Clouds

Too Many Clouds is a leading Cloud and Disruptive tech distributor headquartered in the UK. At its core, Too Many Clouds provides the reseller channel with a true value driven distribution model. Seen as an innovative partner in the distribution scene throughout Europe and Australia.

Too Many Clouds is the answer to the exponential growth of Cloud Service Providers, many of whom resell third party services but without the necessary skillset to deliver them. Our team have real world experience in our specialist solution areas to assist reseller partners provide Cloud and Disruptive technology solutions.

http://www.toomanyclouds.com

+44 (0)208 1234 837

info@toomanyclouds.com

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers (also known as “parking”), so they pay only for the time they actually use and avoid wasted spending.  Customers, which include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and ZestFinance, save 60% or more on non-production spend. For more information, visit www.parkmycloud.com.

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ParkMyCloud to Expand Reach through Avnet Cloud Marketplace

Partnership between cloud cost savings innovator ParkMyCloud and global technology distributor Avnet enables cloud cost optimization among partners and their customers

Sterling, VA, September 14th, 2016 – ParkMyCloud, the leading automated scheduling and optimization tool for Amazon Web Services (AWS), announced today that Avnet, one of the world’s largest global technology distributors, will now offer ParkMyCloud through the Avnet Cloud Marketplace.

Avnet’s partners, including value-added resellers (VARs), independent software vendors (ISVs), managed service providers (MSPs) and system integrators (SIs), can purchase, provision, and track the use of products like ParkMyCloud through the Avnet Cloud Marketplace. This streamlined procurement process enables partners who already have a relationship with Avnet to provide ParkMyCloud’s cloud savings and optimization to their customers. Those customers can then reduce spending on non-production AWS instances by 60% or more.

“We’re proud to partner with Avnet as part of their initiative to support cloud management and cloud cost control,” said ParkMyCloud CEO and Co-Founder Jay Chapel. “What many companies don’t realize is that as their spending on cloud services grows, there is a tendency for much of that spend to be wasted on unused hours. It is imperative that partners help their customers optimize cloud spend and eliminate waste.”

“We created the Avnet Cloud Marketplace to provide our partners with an easy way to not only buy, sell and provision cloud services, but to also help them manage cloud deployments,” said Tim FitzGerald, Vice President of Digital Transformation for Avnet in the Americas. “Our partners will now have a new option to help their customers maximize their cloud investments with the addition of ParkMyCloud to our portfolio.”

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud to Showcase Cloud Cost Optimization Platform at TechCrunch Disrupt

Leading automated scheduling tool for Amazon Web Services to highlight cost savings automation features at iconic TechCrunch Disrupt event hot off the heels of seed funding round

Days after announcing their seed funding round, ParkMyCloud shares that it will showcase its software at TechCrunch Disrupt in San Francisco today.

ParkMyCloud will demo its SaaS platform in Startup Alley, showing attendees how it brings a simple solution to the complex problem of wasted cloud spend. ParkMyCloud automates the process of cloud cost savings to schedule on/off times for idle non-production cloud computing servers, so users pay only for the time they actually use.

In addition to the features already loved by customers – like its easy-to-use UI, single-view dashboard, and parking recommendations – ParkMyCloud will highlight new features. In particular it will share its upcoming automated policy engine, lightning-fast orchestration capabilities, and ability to park a broader range of AWS services including auto scaling groups.

“Coming off the heels of our seed round, it’s exciting to get back out in the user community, talking about our technology and feeling the energy of the crowd,” said Jay Chapel, CEO & Co-Founder of ParkMyCloud. “TechCrunch Disrupt is a great opportunity for us to connect with other innovators and tech fans.”

“We always encourage our Fishbowl companies to get out and show off their products — especially at events in the AOL family, like TechCrunch Disrupt,” said Nicholas Bagg, Managing Director of the AOL Fishbowl Labs incubator in Dulles, VA, where ParkMyCloud is a portfolio company. “We’re thrilled with ParkMyCloud’s success so far, and happy to be a part of its growth.”

About ParkMyCloud
ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers (also known as “parking”), so they pay only for the time they actually use and avoid wasted spending. Customers, which include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and ZestFinance, save 60% or more on non-production spend. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Raises $1.65M to Grow Cloud Cost Optimization Platform

SaaS application eliminates wasted cloud spending and provides 1700% ROI to AWS customers of all sizes

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers, so they pay only for the time they actually use and avoid wasted spending.

“Companies are spending billions of dollars a year on 24×7 servers, when many of those resources are idle much of the time,” said Jay Chapel, ParkMyCloud CEO and Co-Founder. “ParkMyCloud customers can ‘park’ or pause non-production servers such as development, staging, testing and QA when they aren’t needed, saving companies up to 60% on their AWS bills.”

ParkMyCloud’s current customers – which include McDonald’s, Sage Software, Avid and Wolters Kluwer – have saved a total of nearly $800,000 on their AWS bills so far, with an average ROI of 1700%. This funding round enables ParkMyCloud to bring savings to more of AWS’s one million customers.

“We have been searching for a company to back in the fast-growing cloud computing space,” said David Gardner, General Partner of Cofounders Capital. “ParkMyCloud checked all of our criteria, which included a comprehensive yet cost-effective technology, experienced management team and demonstrable return-on-investment for customers.”

ParkMyCloud plans to add support for additional cloud service providers, including Microsoft Azure and Google Compute Engine, later this year.

ParkMyCloud was founded in July of 2015, released the first version of the product on September 8, 2015, and secured its first customer by the end of that month. ParkMyCloud’s launch and initial growth was made possible by an initial angel investment from Virginia-based White Hall Capital.

About ParkMyCloud
ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers (also known as “parking”), so they pay only for the time they actually use and avoid wasted spending. Customers, which include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and ZestFinance, save 60% or more on non-production spend. For more information, visit http://www.parkmycloud.com.

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Zycom Brings ParkMyCloud to Australia to Help Customers Quickly and Easily Optimize AWS Costs

Aussie corporate cloud management firm will utilize automated AWS scheduling app to reduce customers’ AWS spending

Sterling, VA, June 21st, 2016 – ParkMyCloud, the leading automated scheduling and optimization tool for Amazon Web Services (AWS), announced today that Zycom, a Sydney, Australia-based, cloud management firm, will leverage ParkMyCloud to quickly and easily optimize its customers AWS spending.

For Zycom’s customers—like most AWS users—cloud costs are significant and growing, yet difficult to control.  By using ParkMyCloud, a lightweight web app, in just minutes Zycom can easily visualize a customer’s entire AWS usage across multiple accounts and users and schedule automated start/stop times for idle, non-production instances. As a result Zycom’s customers can reduce their AWS bills by up to 60%.

“We’re excited about partnering with Zycom to accelerate ParkMyCloud’s market penetration in Australia,” said Jay Chapel, ParkMyCloud Co-Founder and CEO. “They have quickly embraced how user-friendly our software is and how quickly it can help them control their customers’ AWS spending.”

“As AWS usage continues to explode, one of our priorities is finding innovative ways to help customers track and manage their spending,” said Zoran Gagic, Director of Zycom.  “ParkMyCloud has created a uniquely powerful, yet simple and practical tool to control AWS costs that we believe will greatly benefit our customers.”

About Zycom

Zycom, based in Sydney, Australia, provides corporate cloud and infrastructure products, services and solutions for Australia’s leading organizations. The company has experience with leading enterprise technologies including Amazon, IBM, HP, Oracle, Red Hat, HDS, EMC, Brocade, Netapp, BMC, CA, VMware, Symantec, Microsoft and Cisco. For more information, please visit www.zycom.com.

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald\\\’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Sponsors AWS Chicago Summit

Automated AWS cost optimization tool looks to keep momentum going on heels of enterprise customer wins

Dulles, VA,  April 11th, 2016 – ParkMyCloud, a SaaS tool that helps Amazon Web Services (AWS) customers optimize Amazon Elastic Compute Cloud (Amazon EC2) compute resources to maximize the return on their AWS investment, announced today that the company is sponsoring the AWS Chicago Summit on April 18-19, 2016, at the McCormick Place, Lakeside Center in Chicago, IL. Look for ParkMyCloud in booth #330.

Following a number of significant enterprise customer wins, including Sage, Neustar, Avid, Wolters Kluwer, Findly and ZestFinance, ParkMyCloud Co-Founders Jay Chapel (CEO) and Dale Wickizer (CTO) are excited to speak with AWS customers at the event.

“AWS re:Invent 2015 gave ParkMyCloud a huge burst of momentum right out of the gate,” said Chapel. “We not only gained great market traction, we also got tremendous validation and feedback on our initial product – which we’ve already enhanced based on additional customer insights.”

Avid, a global audio and video technology company, is using ParkMyCloud to reduce its annual AWS spending by $55,000, according to Satnam Bains, Avid’s Global Director of Infrastructure Services. “Once our teams understand the AWS charging model of compute by the hour, they recognize the need to park instances and engage,” said Bains. “Costs are attached to every hour. Then, the metaphorical penny drops.”

Download the full ParkMyCloud / Avid case study at http://www.parkmycloud.com/download-avid-case-study.

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald\\\’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Invited to Present at TechBuzz Spring

Fast-growing cloud management firm is helping early customers like Neustar, Sage Software and Avid save thousands on their AWS bills

Dulles, VA, March 23rd, 2016 – ParkMyCloud, the company that built the first programmable on/off switch for idle AWS instances, today announced that it has been selected to present at TechBUZZ Spring. Since TechBuzz was launched in 2011, presenting companies have received more than $357M in aggregate disclosed funding, with many more investments and acquisitions made under undisclosed terms.

ParkMyCloud is one of 16 handpicked companies that will share their company demo and fund-raising pitch on April 6th at PNC Place, the largest LEED Platinum building in Washington, DC.

“One of the most significant milestones for innovative new companies is the validation that comes when they secure genuine customers willing to pay for their product or service,” said Julia Spicer, Executive Director, MAVA and founder of nationally recognized TechBUZZ, “and ParkMyCloud is doing just that, having secured a number of globally recognized customers.  We look forward to welcoming them to the TechBUZZ stage this spring as one of the companies competitively selected to present.”

“Presenting at TechBuzz is truly a milestone in our development,” said ParkMyCloud CEO and Co-Founder Jay Chapel. “The program has gained a top notch reputation as a venue for high-traction companies like ours to plug into the investment and tech landscape.”

About TechBuzz and MAVA
TechBUZZ is one of MAVA’s annual flagship programs and routinely attracts more than 1000 attendees each year at one of three different pitch events held throughout the year.  MAVA is dedicated to fostering excellence in entrepreneurship by bringing together investors and entrepreneurs in a dynamic and meaningful format. TechBUZZ shines a well-deserved light on the visionary innovators and company-builders in our region, and beyond, who are actively pursuing a path toward market entry and have customer validation.

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Launches Features to Support Multiple Users Across Multiple AWS Accounts

AWS customers of all sizes can now manage up to tens of thousands of instances across hundreds of users and AWS Accounts

Dulles, VA , March 15th, 2016 – Responding to significant demand from Amazon Web Services (AWS) customers, ParkMyCloud, the first programmable on/off switch for idle AWS instances, today announced that its accounts now support multiple users and multiple AWS accounts.

Enterprises including Sage, Neustar, Avid, Wolters Kluwer, Findly and ZestFinance use ParkMyCloud to significantly reduce their AWS EC2 spending by automatically turning off non-production instances when they are not needed – such as 7:00 p.m. to 7:00 a.m. or on weekends.

With the new multi-user, multi-account features, customers can set up ParkMyCloud to mirror their internal structures and processes by:

  • Creating teams, and adding Team Leads and Team Members to their accounts.
  • Adding multiple AWS accounts to a single ParkMyCloud account.
  • Constraining users in one team from seeing another team’s AWS instances.
  • Seeing a single view of all of an organization’s teams and linked AWS accounts.

“IT operations and infrastructure organizations of any size and configuration can now use ParkMyCloud to ‘park’ all of their idle AWS instances,” said ParkMyCloud Chief Technology Officer, Dale Wickizer, “making it even easier to reduce AWS spending.”

“What attracted me to ParkMyCloud was the simplicity of the solution they provide,” said John Neale, Senior Software Engineer at 4Impact. “We had been on the lookout for a product to manage our development servers for sometime and so, with the addition of the multi-user/multi-account features, ParkMyCloud gave us the ability to centrally govern our usage across all of our teams and AWS accounts, thus reducing our AWS EC2 spending and administration time.”

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Selected for AOL Incubator Fishbowl Labs

Fishbowl Labs Accepts Fast-Growing Cloud-Cost-Reduction Company as Newest Promising Startup

Dulles, VA, March 10th, 2016 – ParkMyCloud, the company offering the first programmable on/off switch for idle AWS instances, today announced that it has been selected to join Fishbowl Labs, northern Virginia’s premier incubator for high-growth startups.

“ParkMyCloud is a great example of the type of high-traction, next gen enterprise software business Fishbowl attracts,” said Nicholas Bagg, Managing Director of Fishbowl Labs. “We are excited to have them in the fold and to watch them continue their growth.”

Urgent.ly and Cont3nt are among the more than 30 mobile, B2B, enterprise and cybersecurity software startups that have “graduated” from the AOL program since its inception.

According to ParkMyCloud CEO and Co-Founder Jay Chapel, “Fishbowl is the ideal vibrant and knowledge-rich environment for us. Their resources have already proven to be very helpful as we focus on scaling our business.”

About Fishbowl Labs

Fishbowl Labs, Northern Virginia’s premier incubator, was created by AOL in 2012. Selected early-stage companies work in the most inspiring office space in Northern Virginia for high-growth startups, programmers and designers, alongside over one-thousand of AOL’s internet innovators across engineering, product, design and UX — many of whom are accessible almost daily via office hours and events. Fishbowl Labs offers full access to AOL facilities; connections to world-class technologists, engineers, marketers, and others; and an opportunity to connect with other founders and companies.

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald\\\’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud—the Automated On-Off Switch for AWS EC2 Instances— to Present at CONNECTpreneur

Top Washington, DC Tech Investor Event to Highlight Revolutionary Cloud Cost-Cutting Tool

Sterling, VA, December 8th, 2015 – ParkMyCloud, the only lightweight app that lets Amazon Web Services (AWS) users schedule on/off times for their idle, non-production cloud computing services, today announced announced that it has been selected to present at the company showcase of The 2015 Big Idea CONNECTpreneur Winter Forum.

ParkMyCloud was founded on the premise that the cloud should be a true utility like power, water or gas. Imagine how much money you’d waste if you left all of the lights and appliances on when you’re not home. Hundreds of thousands of cloud users are in the exact same situation—wasting hundreds of millions of dollars paying for idle cloud computing services.

“Since we launched ParkMyCloud in September, we have been gratified by the support and interest from AWS users around the world.” said Jay Chapel, founder and CEO. “We’re pleased that CONNECTpreneur picked ParkMyCloud to show how we can help companies send hundreds of millions of dollars in reduced cloud computing costs straight to their bottom line.”

The Big Idea CONNECTpreneur Forum is a community of over 3500 business leaders, CEOs, entrepreneurs, VCs and angels in the Mid-Atlantic Region.

Each quarterly CONNECTpreneur Forum mashes up 350+ top founders, angels, CXOs, VCs, and business leaders for a morning breakfast event featuring awesome networking, newsmaking speakers, and a showcase of 6-7 exciting companies.

Event Information

Title: ConnectPreneur Winter Forum

Date: DECEMBER 10, 2015

Timeline

7:00 – 8:15 AM Registration/Networking

8:15 – 8:20 AM Welcome from S. Tien Wong, CEO of Tech 2000 and appnetic

8:25 – 9:15 AM Fireside Chat with John Kealey, CEO of Decision Lens

9:15 – 10:15 AM Company Showcase  – featuring ParkMyCloud

10:15 – 11:00 AM Panel: Hot Trends in Venture Capital and Early Stage Capital Funding

Moderator:

Jonathan Aberman, Managing Director, Amplifier Ventures; Chairman, Tandem NSI and FounderCorps

Panelists:

Dr. John Holaday, Angel Investor, Executive Chairman, ExoCyte; Chairman, Bioncor; Founder and ex-CEO, EntreMed

John Tullis, Managing Director, Tullis Health Investors

Mike Pratt, Managing Partner, Select Venture Partners, LLC

Nate Yohannes, Special Advisor, Office of Investment and Innovation, U.S. Small Business Administration

11:00 AM Networking

About ParkMyCloud

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle cloud computing servers (also known as “parking”). Users save up to 60% on cloud server spend by paying only for the time they actually use to avoid wasted spending. Customers include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and Tristar Medical Group. For more information, visit http://www.parkmycloud.com.

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ParkMyCloud Asks, “Why Pay for Cloud Instances When No One Is Using Them?”

ParkMyCloud launches simple, yet powerful tool that reduces AWS cloud computing costs by 20% or more in just 15 minutes by “parking” idle services

Beta customers have realized dramatic reductions in their AWS cloud costs, allowing a yearly subscription of ParkMyCloud to pay for itself in less than a month in most cases. A monthly subscription starts at only $29 for its “Startup” tier.

“Whenever your boss comes over and says ‘Hey, why are we spending $8,000 a month on AWS EC2?’ you can show him how much you’re saving with parking,” said beta customer David Levinger, Senior Director of Information Technology, Paxata, a data preparation software company headquartered in Redwood City, California. “This is exactly the type of tool companies need. It’s simple and clean, and it’s an easy way to get cost savings on development resources you aren’t using.”

ParkMyCloud was founded on the premise that the cloud should be a true utility like power, water or gas. Imagine how much money you’d waste if you left all of the lights and appliances on when you’re not home. Hundreds of thousands of cloud users are in the exact same situation—wasting hundreds of millions of dollars paying for idle cloud computing services.

“Our research shows that companies are crying out for simple, standalone tools that help manage the fast-changing IT landscape,” said Jay Chapel, founder and CEO. “ParkMyCloud can help companies send hundreds of millions of dollars in reduced cloud computing costs straight to their bottom line.”

Cloud service providers like AWS, Azure and Google have exploded in popularity because they enable easy access to computing services with no upfront costs. But there’s a downside: Cloud computing services are billed hourly, and are “always on” unless customers specifically turn them off, which means customers are paying for computing time they don’t use—for example, between 11:00 p.m. and 7:00 a.m.

If companies just had a way to quickly and automatically turn off idle cloud computing services, the savings would be tremendous.

However, until now there has been no easy way to (a) view all compute services in a single, intuitive dashboard; and/or (b) turn these compute services on and off in a simple and automated way. Companies have tried scripting and cron jobs, but these methods are not automated or systematic. They require significant and continuous manual maintenance by an administrator who could otherwise be doing more valuable work.

ParkMyCloud is a simple SaaS tool that requires no installation. Cost reduction is quick and easy- just 3 simple steps:

1. Set up a ParkMyCloud account at http://www.parkmycloud.com
2. Connect with AWS to discover cloud computing services
3. Start “parking” cloud services with scheduled “on/off” times

About ParkMyCloud
ParkMyCloud is a cost-effective, lightweight app that reduces cloud computing costs by 20% or more, in just 15 minutes. This new app allows AWS users to pay only for the computing resources they’re actually using by scheduling on/off times (also known as “parking”) for their idle cloud computing services. ParkMyCloud is SaaS-based, so there’s nothing to download and no installation required. Customers are up and running in just three simple steps. More information can be found at http://www.parkmycloud.com.

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