Circonus, creators of the Circonus Telemetry Cloud™, the full-stack monitoring and analytics platform built for the modern-day enterprise, today announced that the company has become a member of the FinOps Foundation, a global community focused on advancing individuals that manage the value of cloud.
"The original mission of FinOps was to optimize the enterprise cloud investment and the focus was primarily the cloud service providers, like Amazon, Microsoft, and Google," said Bob Moul, CEO of Circonus. "We believe observability represents the next frontier for FinOps professionals. Observability is often the second highest cost within IT, after the cloud service provider spend. From our start, we've been focused on helping organizations unlock the insights they need to run their business more effectively, at a cost they can afford. The FinOps community is doing incredible work to combat the rising IT costs within the enterprise today, and we see great alignment between our mission and theirs."
"In conversations with literally hundreds of prospects, customers, and practitioners over the past year, the number one complaint was the rising cost of observability, be it surprise bills or getting jammed on renewals," Moul added. "Existing observability vendors are perversely incented not to help as data volume drives billings. Our latest product, Circonus Passport, is an elastic observabilityTM solution that allows organizations to scale their telemetry collection strategies based on signals and alerts from their IT environments in the moment – enabling them to dramatically cut observability costs and improve mean time to resolution. The best part is that Passport is free, and it complements your existing observability platform. This is an idea whose time has come and an easy way for FinOps professionals to rationalize their observability spend without changing platforms."