Latest news with #PointFive
Miami Herald
21-05-2025
- Business
- Miami Herald
PointFive Unveils Cloud Efficiency Posture Management (CEPM), Transforming How Enterprises Optimize Cloud Resources
CEPM offers enterprises a proactive approach to cloud optimization integrated into engineering workflows, and drives immediate savings and long-term efficiency. NEW YORK, NY / ACCESS Newswire / May 21, 2025 / PointFive, a leading provider of innovative cloud efficiency solutions, announced the launch of Cloud Efficiency Posture Management (CEPM), a new category of cloud optimization technology designed for enterprise engineering and FinOps teams. Inspired by the Cloud Security Posture Management (CSPM), CEPM represents a shift from periodic cost reviews to an always-on, strategic discipline for managing cloud efficiency across an organization. Traditional cloud cost management tools typically emphasize financial reporting and surface-level optimizations. They neglect deeper technical inefficiencies, resulting in missed opportunities and limited accountability from engineering teams. CEPM addresses this critical gap by proactively detecting hidden cloud waste, providing context, and actionable recommendations. "We started PointFive to solve cloud inefficiency at its root - the technical, operational reasons - not just surface-level cost management," said Alon Arvatz, CEO and Founder of PointFive. "Our new CEPM approach makes cloud efficiency as routine and automatic as cloud security, embedding ongoing optimization deeply into daily engineering processes. This shift is essential for enterprises to realize sustainable efficiency at scale." "When we started exploring CEPM across different cloud providers, we were struck by how profoundly each platform's unique metrics influence efficiency," said Dor Azouri, VP of Research at PointFive. "Traditional tools overlook this because their focus is surface-level visibility. With DeepWaste™, context is everything. The significant savings we uncovered were eye-opening." Key features of CEPM include: Deep Optimization Insights: Identifies subtle inefficiencies missed by traditional tools, providing actionable, engineer-friendly Workflow Integration: Directly integrates widely-used engineering platforms like Jira and ServiceNow and communication platforms like Slack and Teams, embedding efficiency management into everyday tasks without ROI and Immediate Impact: Enterprises such as Blackhawk Network (BHN), Elastic, and Fanatics have already seen increased efficiency and significant cost savings within weeks of Rapid Deployment: CEPM's agentless architecture enables deployment in a single integration, providing immediate visibility into inefficiencies and Azure Insights and Expanded Multi-Cloud Optimization: PointFive fully supports Microsoft Azure, AWS, and GCP. The importance of CEPM becomes even more evident in multi-cloud environments, where each provider surfaces different metrics, cost structures, and usage patterns. Azure, for example, reveals inefficiencies that may never appear in AWS, making cross-cloud efficiency difficult to standardize manually. CEPM bridges these gaps. It automates the discovery of cloud-specific opportunities while providing a unified, organization-wide view of efficiency posture. Early Azure adopters have uncovered millions in savings from inefficiencies unique to Azure's environment. Customers like BHN have successfully streamlined cloud optimization practices through CEPM, fostering deeper engineering engagement and sustained cost efficiencies. "Cloud optimization should not be a periodic task or reactive exercise," Arvatz emphasized. "CEPM empowers engineering teams to continuously embed efficiency into daily operations. The result is sustainable cloud savings, improved reliability, and increased agility - delivering strategic value far beyond simple cost-cutting." To learn more about CEPM and how PointFive is redefining cloud optimization, visit About PointFivePointFive delivers innovative cloud efficiency solutions for enterprise engineering and FinOps teams. Its Cloud Efficiency Posture Management (CEPM) platform offers deep, actionable insights, continuous optimization, and measurable outcomes, enabling enterprises to proactively manage cloud resources and achieve sustainable efficiency. Media Contact: Omri Hurwitzomri@ SOURCE: Pointfive
Associated Press
21-05-2025
- Business
- Associated Press
PointFive Unveils Cloud Efficiency Posture Management (CEPM), Transforming How Enterprises Optimize Cloud Resources
CEPM offers enterprises a proactive approach to cloud optimization integrated into engineering workflows, and drives immediate savings and long-term efficiency. NEW YORK, NY / ACCESS Newswire / May 21, 2025 / PointFive, a leading provider of innovative cloud efficiency solutions, announced the launch of Cloud Efficiency Posture Management (CEPM), a new category of cloud optimization technology designed for enterprise engineering and FinOps teams. Inspired by the Cloud Security Posture Management (CSPM), CEPM represents a shift from periodic cost reviews to an always-on, strategic discipline for managing cloud efficiency across an organization. Traditional cloud cost management tools typically emphasize financial reporting and surface-level optimizations. They neglect deeper technical inefficiencies, resulting in missed opportunities and limited accountability from engineering teams. CEPM addresses this critical gap by proactively detecting hidden cloud waste, providing context, and actionable recommendations. 'We started PointFive to solve cloud inefficiency at its root - the technical, operational reasons - not just surface-level cost management,' said Alon Arvatz, CEO and Founder of PointFive. 'Our new CEPM approach makes cloud efficiency as routine and automatic as cloud security, embedding ongoing optimization deeply into daily engineering processes. This shift is essential for enterprises to realize sustainable efficiency at scale.' 'When we started exploring CEPM across different cloud providers, we were struck by how profoundly each platform's unique metrics influence efficiency,' said Dor Azouri, VP of Research at PointFive. 'Traditional tools overlook this because their focus is surface-level visibility. With DeepWaste™, context is everything. The significant savings we uncovered were eye-opening.' Key features of CEPM include: Customers like BHN have successfully streamlined cloud optimization practices through CEPM, fostering deeper engineering engagement and sustained cost efficiencies. 'Cloud optimization should not be a periodic task or reactive exercise,' Arvatz emphasized. 'CEPM empowers engineering teams to continuously embed efficiency into daily operations. The result is sustainable cloud savings, improved reliability, and increased agility - delivering strategic value far beyond simple cost-cutting.' To learn more about CEPM and how PointFive is redefining cloud optimization, visit About PointFive PointFive delivers innovative cloud efficiency solutions for enterprise engineering and FinOps teams. Its Cloud Efficiency Posture Management (CEPM) platform offers deep, actionable insights, continuous optimization, and measurable outcomes, enabling enterprises to proactively manage cloud resources and achieve sustainable efficiency. Media Contact: Omri Hurwitz [email protected] SOURCE: Pointfive press release
Associated Press
04-03-2025
- Business
- Associated Press
PointFive Appoints Snowflake CRO Chris Degnan to Board of Directors, Driving Expansion Into PaaS FinOps
Having Scaled Snowflake's Product Revenue From $0 to Billions, Chris Degnan Joins PointFive's Board Amidst the Company's Accelerated Growth NEW YORK CITY, NEW YORK / ACCESS Newswire / March 4, 2025 / PointFive, the leading cloud cost optimization platform, today announced the appointment of Chris Degnan, Snowflake's Chief Revenue Officer, to its Board of Directors, effective immediately. Degnan joins PointFive as the company expands its mission to tackle the growing complexities of PaaS (Platform as a Service) cost efficiency, a fast-growing area of cloud spending that is often overlooked. As the adoption of multi-cloud solutions accelerates, the complexity and cost of managing infrastructure are Degnan Degnan joined Snowflake in 2013 as its 13th employee and first sales team member. He was critical in driving the company's growth and building its go-to-market strategy from the ground up. Over the years, he has led the company's revenue growth from zero to over $2 billion as of Snowflake's fiscal 2024. With previous sales leadership roles at companies like Aveska and EMC, Degnan is uniquely positioned to support PointFive as it navigates the next stage of growth. 'We are thrilled to welcome Chris Degnan aboard, with his proven track record in scaling hyper-growth cloud platforms,' said Alon Arvatz, co-founder and CEO of PointFive. 'As we take on the new technological and business challenges posed by rapid PaaS adoption, Chris' experience and strategic insights will be instrumental in guiding our mission to empower organizations to build efficiency into their product development and delivery processes.' In less than two years since the company's inception, PointFive has already emerged as a leader in the FinOps space - with a unified platform that identifies savings opportunities of 15%-30% of enterprises' total cloud spend, enabling them to operate more efficiently across all major cloud providers. The company's solution helps enterprises uncover inefficiencies and waste, and optimize their cloud estate without compromising performance, enabling them to reduce costs and maximize operational output. PointFive has raised $36 million to date and already counts major organizations as paying customers. It is currently in the process of significantly expanding its go-to-market and sales mechanisms in the United States. 'PointFive is already redefining how enterprises approach cloud cost optimization,' said Chris Degnan. 'The opportunity to help scale PointFive's PaaS capabilities while furthering its mission of creating cost-efficient, innovative solutions is an exciting challenge - and I'm eager to take on this journey with their incredible team.' About PointFive PointFive specializes in cloud cost optimization and identifying cloud waste to help customers achieve greater efficiency. Utilizing its proprietary DeepWaste™ Detection Engine, built on cyber-inspired methodologies and advanced AI models, PointFive identifies cloud waste that traditional tools miss, providing actionable insights and long-term management solutions. The platform offers enterprises actionable insights and continuous management solutions, fostering collaboration between FinOps and engineering teams and driving sustainable, long-term cost efficiency.
