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Hystax OptScale Offers the First-Ever Open Source FinOps & Multi-Cloud Cost Management Solution

Hystax, the leading FinOps and multi-cloud management solution provider, announced that its OptScale platform will become the first open source FinOps and multi-cloud cost management solution available under Apache 2.0.

Hystax is currently the solution of choice for PwC, Ives Rocher, Nokia, DHL, Airbus, and more iconic brands for its FinOps enablement with the ability to offer them a platform that promotes complete cloud cost visibility and countless optimization recommendations.

“The Hystax team has always believed that an open exchange of ideas, transparency, and community-oriented development are necessary to drive true innovation,” said Nick Smirnov, Founder & CEO of Hystax. “Now, businesses of all sizes and professionals from different countries, companies, and backgrounds, can collaborate more effectively. The open source solution will allow for greater progress to be made on FinOps strategies and solutions to common cloud challenges.”

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Access to the OptScale open source solution will be granted to users by the Apache 2.0 license. It enables Hystax to deliver the OptScale platform to a wider range of cloud capacity managers, engineers, and FinOps enthusiasts and accelerate the adoption of cloud cost optimization and FinOps methodology globally.

Users can get the solution and find its full source code on our GitHub page. Moreover, OptScale users have the opportunity to contact Hystax experts for consulting if they encounter any issues.

Hystax’s SaaS solution will be more affordable than ever before to allow businesses of any size to optimize cloud & K8s costs and improve IT infrastructure usage through proper FinOps adoption.

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OPTSCALE KEY FEATURES AND CAPABILITIES

Via the OptScale solution, users can dive deeply into their resource lifecycle management and discover company pitfalls, which often lead to overspending, more easily. Users are empowered to make data-driven decisions and craft an efficient cloud usage experience to increase their business performance.

With OptScale users get:

  • FinOps strategy and adoption
  • Dozens of cost optimization scenarios and security recommendations
  • Cost allocation, budget constraints, daily limits, and quotas with instant alerts
  • Anomaly detection to avoid bill shocks
  • Kubernetes cost optimization and rightsizing
  • Best-in-class VM rightsizing engine and network traffic visualizer

OptScale is designed to establish a long-term FinOps process by providing complete cloud cost transparency, improving resource utilization, identifying wastage, and providing hundreds of cost optimization recommendations for Kubernetes, AWS, MS Azure, GCP, and Alibaba Cloud.

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[To share your insights with us, please write to sghosh@martechseries.com]

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