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.

[Watch] 5 Ways to Reduce Your AWS Spending

Navigating Amazon Web Services’ compute services and discovering the best mix of instance purchasing options and cost-saving measures for your EC2 environment can be challenging. Last week, ParkMyCloud hosted a webinar, 5 Ways to Reduce Your AWS Spending.

In the webinar, our CTO, Dale, shared how you can obtain better savings than Reserved Instances, with less risk than Spot Instances, and without the cost and headache of scripting. Topics included: Reserved Instances, Spot Instances, Autoscaling Groups, Scripting, and Parking.

Even if you weren’t able to join us last week, you can still watch the presentation! Check it out below:

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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.