About MQPLANET
Fintech Company, Established in 2007, serving the forex market, with multiple solutions and applications.
MQ Planet is an IT company, Fintech specialized in providing solutions for financial market companies.
- MT4/MT5 addons,
- Consulting & Support,
- Hosting Service
MQ Planet conducts business worldwide, with technology related to the financial market. focusing on technologies that improve chances of establishing, developing, and fully operating your FX Company by providing all the most needed IT solutions in the market web development (online presence), hosting (dedicated servers) and MT4/MT5 solutions.
Industry
FinTech
Location
Global
Challenge
Optimize AWS compute cost and gain fine-grained control of its AWS environment.
Featured Services
AWS Consolidated Billing, Cloud Managed Services by CloudVests.
Results Summary
- Volume pricing discounts & single bill simplicity with AWS consolidated billing
- 30% cost savings plus no lock-in flexibility with cost optimization Service by Cloudvests
- Full control of its AWS environment
- Improved visibility into AWS costs
The Goal
Optimize AWS compute cost and gain full- control of its AWS environment.
MQPLANET did not want to risk making over-burdened choices in commitments to Amazon EC2 Reserved Instances (RIs) or AWS Saving Plans (SPs). They used Amazon EC2 extensively and were looking for ways to optimize costs, without the risk. Plus, MQPLANET was looking for a monitoring solution to provide control of its AWS environment.
Why AWS and CLOUDVESTS
MQPLANET was hesitant to make one- or three-year commitments to RIs and Saving Plans and they were looking for a monitoring solution for better visibility into their AWS costs. CLOUDVESTS offered MQPLANET a three-part solution: AWS Consolidated Billing, Cost Optimization Service by CLOUDVESTS, and CLOUDVESTS Cloud Managed Services.
MQPLANET was already using AWS, and CLOUDVESTS added:
AWS Organizations – Provides policy-based management for multiple AWS accounts.
Consolidated billing for AWS Organizations – A feature in AWS Organizations that enables MQPLANET to consolidate billing and payment for multiple AWS accounts.
The Result
Teaming with CLOUDVESTS, MQPLANET has improved control over its cost and infrastructure. The project has achieved numerous benefits:
Volume pricing discounts & single bill simplicity with AWS consolidated billing
As a free service, the AWS consolidated billing feature of AWS Organizations provides MQPLANET one bill with easy tracking across multiple accounts, and the ability to combine their usage across all accounts to gain volume pricing discounts.
30% cost savings plus no lock-in flexibility with cost optimization services by CLOUDVESTS
Using CLOUDVESTS cost optimization Service, MQPLANET has realized a 30% net savings on its AWS compute costs as compared to On-Demand pricing.
Cost optimization Service is a risk-free service, so MQPLANET is free from the worry of over-or under-provisioning. What’s more, with CLOUDVESTS Services, MQPLANET is not locked into specific AWS services, so its engineers have the flexibility to innovate with new AWS services and even apply their savings to modernization initiatives.
Full control of its AWS environment
Using ClOUDVESTS Managed services provides FULL visibility to all changes in the AWS environment, including cost and other pillars of AWS Well-Architected Framework (reliability, performance efficiency, operational excellence, and security).
Improved visibility into AWS costs
Using ClOUDVESTS Managed services, MQPLANET ONLY has to deal with a single bill, and MQPLANET now can track the charges across multiple accounts and download the combined cost and usage data.
