Press release

FinOps Foundation Soars to 300 Members and Introduces New Partner Tiers for Cloud Service Providers and Vendors

Sponsored by Businesswire

The FinOps
, a non-profit trade association focused on codifying and
promoting cloud financial management best practices and standards, today
announced it has achieved 10x growth to 300 members since launching just
over 90 days ago and has opened up membership
to cloud service providers and vendors.
Over the past several
months, members such as Ancestry, Intuit, Letgo, Neustar and Pearson
Education have assembled on weekly calls to share best practices on a
range of topics, such as “FinOps from Migration to Operation” and
“Chargeback, Showback and Shameback in the Cloud.” Members of the
Foundation also have contributed to the publication of a book, “Cloud
FinOps: Collaborative, Real-Time Cloud Financial Management
,” which
is now available for pre-order
on Amazon
. This level of collaboration fulfills the Foundation’s
mission to empower distributed IT, finance and business teams running in
the cloud to operate at high velocity while optimizing the unit
economics of cloud deployments. To learn more about FinOps or to join
the FinOps Foundation, please visit.

“A clear need for the FinOps Foundation exists, as seen by the rapid
uptick in membership and engagement between practitioners who are eager
for more education and sharing of best practices,” said J.R. Storment,
General Manager of the FinOps Foundation. “By expanding membership and
opening up the lines of communication to partners, the FinOps Foundation
remains a neutral community where enterprise practitioners can
collaborate together with providers of the tools and solutions they need
to succeed on their FinOps cloud journey.”

In addition to Community and Charter membership, the FinOps Foundation
has added three new partner tiers to broaden the depth of knowledge
exchange within the community. Each membership tier is governed by the
FinOps Foundation bylaws, and includes:

  • Cloud Service Provider – For public cloud companies providing
  • ISV/Vendor – For software companies providing FinOps related cloud
    management platforms.
  • Services/Consulting Vendors – For practitioners who have established
    FinOps consulting practices or support services.

The FinOps operating model — a combination of systems, best practices
and culture – brings financial accountability to the variable spend
model of cloud, enabling distributed teams to make business trade-offs
between speed, cost and quality. As companies move away from the fixed
cost model of a data center to variable, consumption-based spending in
the cloud, FinOps provides a roadmap to transform their financial
operating model. Distributed decision-making coupled with the move to
variable spending in cloud, means that technology teams now must partner
with finance and business teams to make informed decisions that drive
continual optimization – a cultural shift supported by FinOps.

Foundation members instantly become part of an independent community
focused on sharing best practices in cloud financial management.
Benefits include:

  • Online access to a members-only portal within the site and
    invitation to a private Slack channel.
  • Weekly FinOps member calls featuring a rotating lineup of speakers and
  • Early access to the O’Reilly forthcoming book, “Cloud
    FinOps: Collaborative, Real-Time Cloud Financial Management
    which is now available for pre-order
    on Amazon.
  • Special discounts on the CloudyCon
    FinOps User Conference, September 10-12 in San Francisco.
  • Regular updates on FinOps training workshops, webinars, meetup groups
    and related events.

About the FinOps Foundation

The FinOps
(F2) is a non-profit trade association made up of FinOps
practitioners around the world including Atlassian, Autodesk, Gannett,
HERE Technologies, Just Eat, Nationwide and Spotify. Grounded in real
world stories, expertise, and inspiration for and by FinOps
practitioners, the FinOps Foundation is focused on codifying and
promoting cloud financial management best practices and standards to
help community members and their teams become better at cloud financial
management. As Technical
Cloudability is committed to serving the mission of the
Foundation and supporting its members.