Archive for May, 2012

CEO Series: Mat Ellis, Founder & CEO of Cloudability

Screen shot 2013-12-23 at 3.31.33 PMWe’ve been covering Cloudability for a while, since back in November 2011 when we introduced the company to our readers. Since then, the company has enjoyed good coverage, some healthy funding and progress with their product.

Cloudability’s platform aggregates customers’ cloud costs into accessible and comprehensive reports to help manage spending, reduce waste, and identify opportunities for cost savings. The company is based in Portland, Oregon, funded by Trinity Ventures, Walden Venture Capital and a consortium of angel investors.

Read the full article at CloudTimes

Cloudability Guest Stars on Valley View 5/23

What would you get if you took Gilligan’s Island, replaced all the characters with smart, successful business and tech pros, and then set it all in Silicon Valley? It may or may not be anything like InformationWeek Valley View!

Mat Ellis joins the crew at InformationWeek Valley View 5/23Don’t miss our own CEO, Mat Ellis along with folks from Neurosky and Spigit on May 23rd 4 p.m. PT / 7 p.m. ET as they join Editorial Director Fritz Nelson and UBM TechWeb Chief Content Officer David Berlind in this monthly look at the best of business and tech in the Valley.

There’s some great prizes for live and online audience members. So be sure to register and tune in.
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Portland Incubator Experiment: Cheese Helps Us Get More Out of PIE

Cloudability puts the cheese into the Portland Incubator ExperimentEvery Friday, right about noon, a curious thing happens here at the Portland Incubator Experiment, or PIE, where Cloudability lives. Many of the denizens gather about the central table, near the door. Laughing and jovial, they come together as a community for an hour. Jokes are exchanged, tales are told, and the social fabric of the Portland startup community is woven stronger and tighter.

What gathers them so? The power of cheese.
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New! Exclude Capex Costs and Credits to See What You’re *Really* Spending

Starting on Friday, we’ll be applying Capex exclusions and Credit exclusions to all Cloudability accounts. That means that Capex costs and Credits from cloud providers will no longer be tracked as part of your monthly spend by default, so users get a much better idea of what they’re really spending on the Cloud.

Enable or disable exclusions of Capex costs and Credit easily in your Cloudability dashboard

Enable or disable Capex and Credit Exclusions easily in your Cloudability dashboard

Capex Cost Exclusion

Cloudability now recognizes Capex costs (e.g. the upfront cost when you buy a Reserved Instance) and excludes them by default from your reports.

Why is this helpful? That initial Capex cost can be large and including it in your reports can make your spending reports look inflated as the cost is meant to be amortized over the next 1-3 years.

You can enable or disable Capex exclusion on your preferences page.

Credit Exclusion

If you’re a part of an Incubator like TechStars, YCombinator, 500Startups or PIE you probably have a LOT of credits from cloud service providers. This can make you feel like a high roller spending monopoly money.

Previously, we showed your adjusted spend after credits were applied which meant you didn’t really see how much you were spending. Now Cloudability excludes your credits so you can keep closer track of how much you would be spending without the credits — or more importantly what you WILL be spending when the credits party runs out.

Just like the Capex exclusions, You can enable or disable Credit exclusion on your preferences page.

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Budget Alerts Do Not a Cloud Management Tool Make

I woke up this morning to some news and a flood of questions. The news said that Amazon had launched their budget alerts for cloud management, and most of the questions were coming from people who simply wanted to know: “how is this different from Cloudability’s budget alerts feature?”

To start with, I have to say how great it is that cloud providers are starting to build features that (a) users really need, yet (b) have the potential to reduce revenue. It shows a really strong commitment to delivering customer value. Features like this are just another sign that cloud management truly is as big a pain point as we’ve known all along … music to our ears.
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