Kion Strengthens Multicloud FinOps Capabilities with New Support for FOCUS and Oracle Cloud Infrastructure
June 20 2024 - 1:22PM
Business Wire
Company offers a single platform that merges
FinOps with CloudOps to provide policy-based ‘governance by
default’
FinOps X – Kion, the leading automated CloudOps platform
for multicloud, today announced support for the FinOps Open Cost
& Usage Specification (FOCUS) as well as Oracle Cloud
Infrastructure (OCI), helping customers to better optimize and
operate cloud spend across multicloud infrastructure. Kion is
supporting the recently announced FOCUS v1.0 from the FinOps
Foundation, an open-source specification designed to normalize cost
and usage billing data across cloud providers. Kion is also
providing support for Oracle Cloud Infrastructure, in addition to
existing capabilities for AWS, Azure, and Google Cloud (GCP). This
new support broadens Kion’s financial management and operations
capabilities to further pair FinOps with CloudOps; helping cloud
teams better operate multicloud through policy-based governance and
automation.
Cloud billing files are typically large, complicated datasets,
leaving each provider with a different schema for their reports.
This inconsistency makes it challenging for users to combine files
into a singular view, often missing duplicate information across
providers. FOCUS v1.0, built by FinOps practitioners and end users
who understand these pain points, simplifies billing data into a
common format to empower users to easily identify and manage all
their cloud spend in a single structure. In support of this
language simplification, Kion is offering support within its
platform to allow customers to use FOCUS as their preferred billing
file. Using FOCUS files, Kion will continue to iterate and add
enhancements to its reporting capabilities.
“Kion is committed to being an active member and contributor
within the FinOps Foundation. We believe in the fundamental
direction the Foundation is promoting with the FOCUS specification,
and we look forward to continuing to shape our product vision to
align with critical initiatives like FOCUS,” said Tatum Tummins,
FinOps Product Manager at Kion.
In addition, the company has also added FinOps support for
Oracle Cloud Infrastructure. This new support will provide
customers with financial visibility to manage infrastructure,
optimize costs and enforce financial controls for those using OCI.
OCI is growing in usage for both commercial and public sector
organizations and now with Kion’s support, customers will be able
to analyze cloud financial data across four of the most utilized
public cloud providers in a single platform. Kion offers a unique
hierarchical org chart that aligns cloud spend and policies to
organizational units such as departments and business units so
teams can improve financial accountability.
"We are seeing an increase in current and prospective customers
with OCI infrastructure, and it’s important to us to meet those
needs and provide users the ability to manage and drive value
across all major cloud service providers. Every piece of cloud
infrastructure an organization owns should be easily accessible,
visible, and manageable from one place. We look forward to
continuing to execute on our multicloud approach to CloudOps," said
Tummins.
Tummins continued, “As cloud costs increase, the need for
financial insight in cloud operations is growing, and as such,
we’ll see more organizations understand the role FinOps plays in
the future of their business. We firmly believe the fundamental
direction of the market is multicloud and the future of Cloud
Operations includes an increase in responsibilities related to
FinOps. Our vision is to help CloudOps teams with their mission in
solving cloud governance more holistically with a single platform
that provides policy-based controls and guardrails spanning
security, compliance, and cost.”
Kion will support OCI in the company’s upcoming 3.10 release in
July and begin offering support for FOCUS in Q3 ’24.
Kion is attending FinOps X in support of its FinOps Foundation
membership, as well as to meet with customers, partners, and
practitioners throughout the week.
Kion will also be exhibiting at the AWS DC Summit on June 26-27
within the Walter E. Washington Convention Center. Please stop by
Kion’s booth (#251) to learn more about the complexities of
managing Cloud Operations and explore Kion’s new identity access
management capabilities and how they are paired with FinOps and
compliance to ensure governance by default. Join Kion’s Tatum
Tummins onsite for a Lightning Talk on Wednesday, June 26 at 2:25pm
in the Athena Theater covering “The Future of FinOps is
CloudOps.”
About Kion
Kion automates CloudOps with a single platform providing
policy-based identity, FinOps, and compliance for multicloud
infrastructure. Kion helps organizations achieve ‘governance by
default’ through improved visibility, automation, guardrails, and
guidance across AWS, Azure, GCP, and OCI environments. This helps
enterprises reduce complexity, eliminate chaos, and minimize manual
work so they can innovate faster with less risk. Wherever they are
on their cloud journey, Kion empowers organizations to confidently
provision accounts, maintain financial control, and ensure
compliance with security regulations. Kion serves leading
commercial, higher education, and government agencies including
Indeed, Verizon, NASA, and the Centers for Disease Control and
Prevention (CDC).
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Sara Jacono 540-764-0043 LaunchTech Communications
sjacono@golaunchtech.com