ParkMyCloud Launches SaaS Tool to Reduce AWS Cloud Hosting Costs

ParkMyCloud, a company based in Sterling, Virginia, that raised a seed round from White Hall Capital in July 2015, has launched a “simple, yet powerful” tool that would reduce AWS cloud hosting costs by 20% or more in just 15 minutes by “parking” idle services.

Cloud hosting 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.

ParkMyCloud states that their beta customers have realized dramatic reductions in their AWS cloud hosting costs, allowing a yearly subscription of ParkMyCloud to pay for itself in less than a month in most cases.

aws-cloud-parkmycloud“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 is a SaaS tool that requires no installation. It would take just 3 simple steps:

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

“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.”