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.

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.

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.