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Vertice survey reveals friction between finance and tech leaders is preventing companies from controlling cloud spending

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Vertice launches new solution for cloud cost control – a Cloud Cost Optimization platform that enables companies to cut cloud costs by up to 25%.

SYDNEY, Sept. 20, 2023 /PRNewswire/ — Vertice, the first optimisation platform for SaaS and cloud spend, today announced the results of its global survey, which reveals that a lack of alignment between finance and tech leaders is preventing companies from controlling cloud spending.

Amidst cloud costs rising by an average of 35% year on year, Vertice surveyed 600 finance and tech leaders and found that cutting cloud spending was the highest priority for finance leaders, with 78% listing it among their top three cost-saving priorities and 33.5% listing it as their number one priority. Only 9% of technical leaders say reducing cloud costs is a top concern; 4 out of 10 say their priority is hiring skilled cloud employees.

55% of finance leaders blame a lack of transparency from tech leaders, with 44% saying they can’t get visibility of costs and 39% struggling to negotiate costs because technical staff own relationships with vendors. 55% of tech leaders say tension is caused by non-technical staff lacking the knowledge to understand cloud investments.

To help organisations tackle cloud spending, Vertice today launched its Cloud Cost Optimization platform, which empowers businesses to cut cloud spend by up to 25%. Vertice, which already helps customers in Australia save 20-30% on SaaS, has designed the platform to solve the acute problems faced by finance and tech leaders.

Vertice tracks cloud spending in real-time from a unified dashboard for finance and tech, removing barriers between teams and enabling finance leaders to accurately forecast and control spending. It uses automation to ease the burden on busy engineering teams and performs continuous tests to highlight where efficiencies can be made with minimal engineering effort, as well as managing Reserved Instance commitments.

Eldar Tuvey, CEO and co-founder of Vertice:

“With companies grappling with volatile cloud bills and costs rising by as much as 500% in a single year for some organisations, it’s critical for CFOs and CIOs to have a unified strategy for cloud cost optimisation. CFOs are demanding access to accurate forecasting, with shared visibility and automation tools to help them act on cost-saving initiatives. Automating cloud cost optimisation leads to bigger savings of time and money, and frees up resources for growth and innovation.”

Julien Fouter, VP of Sales APAC at Vertice, said:

“Buying, renewing, negotiating and managing software and cloud spend are major headaches for finance leaders. We are excited by the prospect of helping businesses across Australia save up to 25% on their cloud costs.”

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Notes to editors:

The survey was conducted online in August 2023 and the total sample size was 600 senior finance and tech leaders and decision-makers in the US and UK.

Media contact:

Emily Glover

[email protected]

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COCA Unveils Black November: Zero Fees on Swaps, Spending, and FX with the COCA Crypto Card

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HONG KONG, Nov. 5, 2024 /PRNewswire/ — This November, COCA is thrilled to announce its Zero-Fee Black November offer, delivering one of the most competitive zero-fee crypto wallet and card experiences in the industry. With zero fees on swaps, card spending, and FX, COCA is dedicated to helping users keep more of their crypto gains by reducing the costs that often come with swapping and spending cryptocurrencies in the real world.

Why COCA Leads the Way in Zero Fees

Most crypto apps, including Coinbase, Crypto.com, Revolut, and popular DEXs, add commission fees that reduce users’ earnings. COCA’s Zero-Fee Black November, however, offers the opportunity to transact with zero costs. Here’s how COCA stands out:

  • Zero Commission on Cross-Chain Swaps: COCA users can swap assets seamlessly across 13 chains with no commission fees.
  • Zero Fees on Card Spending: Every COCA card transaction—whether online or in-store—is fee-free.
  • Zero FX Fees Worldwide: COCA cardholders can shop at 80 million+ merchants with no foreign exchange fees, ideal for international spending.
  • No Membership Fees: COCA’s transparent structure means no annual card fees—users gain access to all benefits without hidden costs.

Earn Rewards with COCA Points

In addition to zero fees, COCA users earn COCA Points on every card transaction. These points can unlock exclusive rewards, including eligibility for an upcoming airdrop. This reward structure allows users to save with each transaction while gaining even more value with each purchase.

Zero-Fee Black November – The Perfect Time to Join COCA

Now through the end of November, users can secure COCA’s exclusive zero-fee offer by ordering a COCA card. COCA’s zero-fee structure, paired with COCA Points rewards, allows users to maximize savings and enjoy added benefits on every transaction.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

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Gateway Gulf’s Second Edition Concludes on a High Note with over USD 12 Billion of Announcements and Deals

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MANAMA, Bahrain, Nov. 5, 2024 /PRNewswire/ — A total of 32 landmark announcements and deals over USD 12 billion were announced at the second edition of Gateway Gulf 2024, which ran between 3 – 4 November. Organised by Bahrain Economic Development Board (Bahrain EDB), the forum was attended by 250 ministers and business leaders from around the world and highlighted significant trade and investment opportunities in Bahrain and the wider Gulf, as the region’s economies increasingly drive growth in non-oil sectors.

In finance, Al Salam Bank (ASB) announced the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Investcorp announced key investment related initiatives, and SICO Bank introduced diversified investment products. J.P. Morgan Payments announced plans to hire technologists in Bahrain. Additionally, Singapore Gulf Bank announced the launch of corporate banking services for the global digital economy.

Highlighting Bahrain’s digital transformation momentum, ARRAY Innovation signed three partnerships with the National Bank of Bahrain (NBB), Aluminium Bahrain (Alba), and the Labour Fund (Tamkeen) to promote advanced enterprise software, analytics, artificial intelligence, and machine learning solutions. Beyon unveiled its visionary digital city and signed a development agreement with Edamah.

In manufacturing, Alba and Daiki Aluminium reaffirmed their commitment to establishing a sustainable aluminium dross processing facility in the Kingdom of Bahrain. Racing Force Group and Bahrain International Circuit announced the completion of the Bell Racing Helmets factory extension and groundbreaking for its new open manufacturing production (OMP) facility. Meanwhile, Bapco Energies also announced reaching a decisive milestone of expanding its refining capacity in compliance with the latest sustainability regulations under Bapco Modernisation Program (BMP).

Key projects were announced by Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, including the opening of its latest resort Hawar by Mantis. Infracorp, a leading company specialised in infrastructure investment and sustainable development, revealed an agreement with Kempinski to launch Harbour Heights Kempinski Hotel and exclusive branded residences in the heart of Manama’s exclusive Bahrain Harbour.

Government announcements included details from Bahrain’s Ministry of Industry & Commerce about a National Industrial Development Fund and SMEs Development Fund. The Ministry of Housing and Urban Planning outlined plans for the development of 3,000 residential units and apartments in Khalifa City, while Mumtalakat, Bahrain’s sovereign wealth fund, signed several partnership agreements across key verticals of their portfolio.

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FBOX Accelerates Growth and Innovation in the Cooling Industry with Strategic Initiatives

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DUBAI, UAE, Nov. 5, 2024 /PRNewswire/ — In an impressive demonstration of agility and foresight, FBOX has embarked on a series of transformative initiatives over the past two months, affirming its status as a pioneering leader in the cooling industry.

At the recent exhibition Bitcoin Amsterdam, FBOX introduced its revolutionary clean energy green mining solution. The innovation effectively addresses the critical challenge of unstable power output in renewable energy mining, showcasing the company’s commitment to sustainability and eco-friendly practices.

Following this significant launch, FBOX made a strong entry into the data center liquid cooling sector at Gitex Global in Dubai. This strategic move highlights the company’s advanced cooling technologies, meticulously designed to meet the evolving demands of modern data centers and ensure optimal performance, enabling broader applications of cooling technology across various industries.

The momentum continued at the Blockchain Life Dubai, where FBOX unveiled a specialized cooling solution tailored for the Antminer S21 immersion miner. This initiative underscores FBOX’s dedication to delivering customizable, state-of-the-art solutions for the cryptocurrency mining industry, reinforcing its adaptability in a rapidly changing industry.

Looking ahead, FBOX will be exhibiting at the upcoming SC 24, the International Conference for High Performance Computing, Networking, Storage, and Analysis in Atlanta, USA in November. With two strategically positioned booths showcasing its innovative data center liquid cooling products, the company signals its commitment to establishing a robust presence.

These swift advancements underscore FBOX’s dynamic growth trajectory and strategic focus on capitalizing on high-demand markets. As the company continues to innovate, it remains dedicated to fostering sustainable solutions and driving excellence in the cooling solutions industry.

About FBOX

FBOX is a leading solution provider in the cooling industry, renowned for its innovative immersion, hydro, and air-cooling products. Committed to advancing cooling technology, FBOX offers stable, high-performance cooling solutions that are highly compatible across diverse environments.

By enabling efficient overclocking while ensuring thermal stability, FBOX products are widely adopted in North and South America, as well as the Middle East, positioning the company as a trusted leader in the market.

For additional details, visit:

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Official Site: www.fboxdata.com 

LinkedIn: FBOXDATA

Twitter: FBOXDATA

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