EdTech Unicorn Unlocks $27.8 Million with CloudFix RightSpend

CloudFix saves us $27.8 million in our first 3 years, unlocking cash flow to invest in new high-growth projects.

Case Study: How a Billion-Dollar EdTech Company Saved $27.8 Million with CloudFix RightSpend

Overview

A leading private equity portfolio EdTech company, with a revenue exceeding $1 billion and an annual cloud spend of over $50 million, sought to optimize their cloud costs without impacting their technical team’s workload. By partnering with CloudFix and utilizing the RightSpend service, the company achieved significant savings, unlocking $27.8 million over three years.

Customer Profile

Industry: EdTech
Revenue: $1B+
Cloud Spend: $50 Million+
Private Equity Portfolio Company

Challenge

The company faced escalating cloud costs as they scaled, with their cloud spend surpassing $50 million annually. They required a solution that would minimize these costs without requiring additional effort from their already busy technical team.

Solution: CloudFix RightSpend

CloudFix RightSpend provided the perfect solution. The service offered the following benefits:

Unlock up to 55% on EC2 costs
Minimize commitments
No technical effort or impact
Retain control of optimization strategy
Zero impact on other discount instruments like EDPs
Discounts on fluctuating usage

Results

Over three years, the EdTech company saved a total of $27.8 million with CloudFix RightSpend. The savings broke down as follows:

Year 1: $5.6 Million
Year 2: $11.1 Million
Year 3: $11.1 Million

Impact

The significant savings unlocked by CloudFix allowed the company to reinvest in new high-growth projects, thereby accelerating their growth and innovation.

Client Testimonial

“CloudFix saves us $27.8 million in our first 3 years, unlocking cash flow to invest in new high-growth projects.”

Conclusion

CloudFix RightSpend has proven to be an invaluable partner for the EdTech company, delivering substantial savings and operational efficiency. By leveraging CloudFix’s optimization strategies, the company continues to thrive and innovate without being burdened by escalating cloud costs.