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CloudTweaks Reports on TMNG's New Cloud Value Model(SM)
Sep 08, 2011
Hidden cloud migration costs are still a concern for smart corporate executives
By Kiril Kirilov
TMNG Global introduced a new proprietary financial model called the Cloud Value Model(SM) that allows corporations and executives to measure actual costs and benefits originating from migration to the Cloud. The product is able to provide thorough analysis on potential cost savings before, during, and after migration to the Cloud, allowing corporate executives to work out more precise strategic plans and adopt cloud-based solutions based on carefully estimated return on investment, according to Rich Nespola, TMNG Global’s Chairman and CEO.
“For many companies, the inability to accurately determine costs is a significant barrier to Cloud adoption. This is particularly true as it pertains to the comparison of legacy IT costs to the costs of new Cloud services,” Nespola said in a press release. “Our Cloud Value Model(SM)performs a comprehensive five-year end-to-end lifecycle analysis of IT operations, systems and applications, thereby quantifying both the hard and soft costs and benefits of moving to the Cloud for our clients,” he added.
The Overland Park, Kansas-based company has developed a product, enabling enterprise customers to measure all expected benefits from cloud migration in real financial terms, based on assessment of current overall IT costs that are gauged against those costs during migration to the Cloud and afterwards.
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