Market Overview

Cloudability Achieves Amazon Web Services Cloud Management Tools Competency Status

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Achievement Highlights Company's Ability to Provide AWS Users with
Reliable and Scalable Continuous Cloud Spend Optimization

Cloudability, a
leader in continuous cloud spend optimization
, today announced it
has achieved Amazon Web Service (AWS) Cloud
Management Tools Competency
status. The competency, unveiled today
at AWS Summit Atlanta, establishes Cloudability as an AWS Partner
Network (APN) member that assists AWS customers in provisioning and
managing AWS workloads through specialized solutions for administering
and provisioning, managing, and optimizing AWS resources.

The AWS Cloud Management Tools Competency recognizes that Cloudability
has demonstrated technical proficiency and proven customer success with
specific focus on workloads based on resource and cost optimization. As
one of the pillars of the AWS
Well Architected Framework (WAF)
, cost optimization is key to
creating efficient and optimal cloud architectures. Cloudability's
machine learning (ML) and data science capabilities empower enterprises
with the precise insights and analytics needed to implement continuous
cloud cost optimization into their agile processes.

"Cloud innovators and early adopters have long known that scaling cloud
adoption requires continuous optimization of cloud usage. Cloudability's
platform has played a key role in this effort for thousands of AWS
customers," said Erik Onnen, CTO of Cloudability. "Achieving AWS Cloud
Management Tools Competency status reinforces our ability to provide AWS
customers with ongoing optimization, confidence in their cloud journey
and ultimately a faster path to delivering value and meaningful
competitive differentiation. We are proud to be a part of this launch
with AWS."

AWS and Cloudability's focus on customer obsession is reflected in Ibotta,
a leading mobile shopping app that pays consumers cash back on their
everyday purchases. Ibotta leveraged Cloudability's solution to gain
visibility and optimize its AWS cloud spend. By implementing
Cloudability's solution, Ibotta saved more than $1 million and was able
to redirect that investment towards further advancing its business goals.

AWS is enabling scalable, flexible, and cost-effective solutions from
startups to global enterprises. To support the seamless integration and
deployment of these solutions, AWS established the AWS
Competency Program
to help customers identify Consulting and
Technology APN Partners with deep industry experience and expertise.

More information on Cloudability's continuous cloud spend optimization
solution for customers using AWS can be found at booth #427 at the AWS
Summit Atlanta or by visiting https://www.cloudability.com/solutions/clouds-we-support/aws/.

About Cloudability

Cloudability is a continuous cloud spend optimization platform that
delivers accurate cloud financials, empowering companies to run their
cloud with financial and operational excellence. Our platform is
designed to enable visibility, optimization and governance for every VM,
container and serverless workload, application, department and user.
Adopted by a number of Fortune 500 companies, Cloudability helps both
enterprises and cloud-native companies leverage machine learning, data
science, analytics and automation to transform cloud infrastructure data
into a new source of competitive value, providing disruptive advantage
over time. Venture-backed Cloudability is based in Portland, Oregon. For
more information, visit www.cloudability.com.

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