Cloud Security

Aviatrix Brings Cloud Costs into Focus with CostIQ™

Aviatrix
Aviatrix, the pioneer of Intelligent Cloud Networking™, today announced the introduction of CostIQ™, adding cost intelligence to its Cloud Networking Platform. CostIQ leverages distributed telemetry built into its cloud network to accurately measure usage of shared cloud network resources by accountable cost centers. Enterprise business teams are under pressure to manage cloud spend and CostIQ delivers accurate chargeback or showback allocations for FinOps, Line-of-Business (LOB) owners, and IT/Operation teams, and provides leadership teams greater visibility and control.

According to Futuriom's 2022 Secure Multicloud Networking Survey Report controlling cloud costs is an escalating issue, with 63% of respondents saying managing the costs of cloud usage has become an urgent priority. Even when shared resource accounts are identifiable, teams may lack the telemetry to accurately allocate costs based on actual usage.

Aviatrix CostIQ allows organizations to track the actual network traffic from cost centers (sources) to the shared cloud resource (destination) to create an accurate breakdown of accounts or subscriptions using the shared resources in the public cloud. Delivered through a simple and easily navigable interface, this visibility into who uses shared cloud resources helps enterprises improve accounting, budgeting, and cloud economics.

"Without telemetry to understand which parts of the business are using which resources – especially when looking at multiple clouds – enterprises don't have the information they need to allocate the costs of shared cloud resources. Most customers use simple division or central IT shoulders the costs, With CostIQ, we're using actual network usage to allow business teams to accurately allocate shared resource costs. This means enterprises can better forecast budget requirements and be more strategic in their understanding of cloud resource usage across the entire business."

Rod Stuhlmuller, Vice President of Solutions Marketing at Aviatrix

The Aviatrix Cloud Networking Platform
CostIQ is possible because of Aviatrix Intelligent Cloud Networking, which improves performance, security, and operational visibility in and across AWS, Azure, GCP, Oracle, and Alibaba clouds and extends that operating model to enterprise-edge locations. Aviatrix overcomes the inherent limitations and manual configurations of CSP networking services, simplifying multicloud networking and enabling consistent network design, security, visibility, automation, and Day-Two operations in and across all enterprise public clouds.

The Aviatrix Cloud Networking Platform combines Aviatrix AirSpace™ and Aviatrix CoPilot™ to optimize business-critical application availability, performance, security, and cost.

Aviatrix AirSpace for multicloud networking with embedded telemetry and distributed control.
Aviatrix CoPilot for operational visibility and programmable intent.
"The network is a key part of our infrastructure that underpins innovation across our business – and while critical, the network can be challenging as it is constantly evolving," said Jeff Whittemore, Vice President of Infrastructure and Operations at Ulta Beauty. "Aviatrix Intelligent Cloud Networking helps us understand the different parts of the network, circumvent possible barriers, reach operational scale, and ultimately achieve key business outcomes. It has been a game changer for our teams."

About Aviatrix
Aviatrix, the pioneer of Intelligent Cloud Networking™, optimizes business-critical application availability, performance, security, and cost with multicloud networking software that delivers a simplified and consistent enterprise-grade operational model in and across cloud service providers. Combined with the Aviatrix Certified Engineer (ACE) program, the industry's first and only multicloud networking certification, innovative enterprises are transforming their business by upgrading their cloud networking with Aviatrix.

Spotlight

Other News
Cloud Infrastructure Management

The Manufacturing Sector Experiences More Attacks in the Cloud than Any Other Industry

PR Newswire: | January 19, 2024

Netwrix, a cybersecurity vendor that makes data security easy, today revealed additional findings for the manufacturing sector from its survey of 1,610 IT and security professionals across more than 100 countries. According to the survey, 64% of companies in the manufacturing sector suffered a cyberattack during the preceding 12 months, which is similar to the finding among organizations overall (68%). However, it turned out that the manufacturing sector experiences more cloud infrastructure attacks than any other industry surveyed. Among manufacturing companies that detected an attack, 85% spotted phishing in the cloud compared to only 58% across all verticals; 43% faced user account compromise in the cloud as opposed to 27% among all industries; and 25% dealt with data theft by hackers in the cloud compared to 15% for organizations overall. "The manufacturing sector relies heavily on the cloud to work with their supply chain in real time. This makes their cloud infrastructure a lucrative target for attackers — infiltrating it enables them to move laterally and potentially compromise other linked organizations, as happened to one the world's top meat processing companies. Credential compromise or malware deployed via a phishing email is just the beginning of the attack," says Dirk Schrader, VP of Security Research at Netwrix. "The attack surface in the cloud is always expanding, so it's critical for manufacturing companies to adopt a defense-in-depth approach," adds Ilia Sotnikov, Security Strategist at Netwrix. "First, they must rigorously enforce the principle of least privilege to limit access to sensitive data, which ideally includes just-in-time access to eliminate unnecessary entry points for adversaries. They also need to gain deep visibility into when and how critical data in the cloud is being used so that IT teams can promptly spot potential threats. Finally, they need to be prepared to minimize the damage from incidents by having a comprehensive response strategy that is regularly exercised and updated." To learn more about security trends, check out the complete 2023 Hybrid Security Trends Report. About Netwrix Netwrix makes data security easy. Since 2006, Netwrix solutions have been simplifying the lives of security professionals by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact. More than 13,500 organizations worldwide rely on Netwrix solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity and infrastructure.

Read More

Cloud Storage

TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management

PR Newswire: | January 25, 2024

TRG Screen, the leading provider of enterprise subscription spend and usage management software, today announced it has acquired Xpansion, the leading provider of cloud-based solutions for reference data usage monitoring in the financial services industry. The acquisition of Xpansion will further solidify TRG Screen's position as a global market leader in market data management solutions. Xpansion – established in 2013 – is focused on empowering data operations teams to proactively manage their usage, control costs and optimize data workflows. Xpansion's offerings include Xmon, Xprocess and Xplore, and provide real-time analytics, giving clients unprecedented transparency, visibility and control into their reference data usage. This deal consolidates TRG Screen's unique position as the only provider of enterprise subscription management capabilities spanning the whole spectrum of market data optimization, from spend and inventory tracking, through to usage and enquiry management, exchange reporting and compliance. "Xpansion and TRG Screen have been partners for many years. Bringing Xpansion into the TRG Screen family is a very logical next step for both companies, given our strong relationship and shared view that the industry demand for integrated usage management solutions is going to continue to grow," said TRG Screen CEO Leigh Walters. "Xpansion is an established firm with excellent customer satisfaction and retention, and highly experienced and industry respected leadership. We are very excited at the opportunities this acquisition brings." "We are thrilled to be joining TRG Screen," said Xpansion co-founder and CEO Amjad Zoghbi. "Reference data usage is one of the most complex aspects of market data management, and managing it correctly is essential to maintaining contractual compliance and ensuring clients are right-sizing their usage based on actual consumption and business need. I'm very pleased that Xpansion's customers, and team, will now be part of the best-of-breed solution with the industry's leading provider of market data management solutions." The acquisition demonstrates TRG Screen's ongoing commitment to servicing the needs of market data consumers, vendors and exchanges. Financial terms of the transaction were not disclosed. About TRG Screen TRG Screen is the leading provider of enterprise subscription management solutions. Founded in 1998, TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. TRG Screen's solutions provide its customers with full transparency into their vendor relationships and their subscription spend and usage, enabling them to optimize their enterprise subscriptions. TRG acquired Priory Solutions in 2016, Screen Group in 2018, Axon Financial Systems in 2019, Market Data Insights in 2020, and Jordan & Jordan's Market Data Reporting (MDR) business in 2021 and with these acquisitions is now positioned as the global market leader in the financial, legal, and professional services markets. TRG Screen's product portfolio includes subscription spend, usage, enquiry and compliance solutions. For more information visit trgscreen.com. Follow TRG Screen on LinkedIn, @TRG Screen, and on Twitter, @trgscreen. About Xpansion Xpansion delivers next-generation reference data solutions that empower financial institutions to streamline their reference data operations, reduce costs, enhance data quality, and improve data discovery. With a focus on customer satisfaction, continuous innovation and quick time to value, Xpansion is a trusted partner for financial institutions in the buy- and sell-side as well as solution providers in the industry.

Read More