Atrium is a long-established, leading specialist insurance and reinsurance business, underwriting through Syndicate 609 at Lloyds. Atrium operates within the Lloyds market and has a history dating back to the 1930s.
Partnering with Densify and iSYSTEMS, Atrium maximized their Reserved Instance investments with 95% utilization and complete portfolio visibility.
iSYSTEMS is a trusted technology partner and adviser, specializing in the delivery of IT infrastructure and cloud-based solutions in the UK. As Atrium’s trusted technology partner, iSYSTEMS was called upon to help manage Atrium’s spiraling AWS costs. iSYSTEMS recommended Densify as their solution of choice.
In October 2018, Atrium purchased 13 subscriptions comprised of 75 convertible Reserved Instances on a 12-month term with no upfront payment in the following eu-west-1 at an approximate amortized cost of $15K per month.
Atrium lacked visibility into their Reserved Instance usage and coverage, amplified by a necessity to maximize utilization and reduce overall cloud spend.
Densify’s machine learning technology accurately analyzed Atrium’s existing Reserved Instance purchases, and created an actionable, multi-step optimization process to help convert the existing Reserved Instances into an optimal set of Reserved Instances that precisely matched workload demands.
The analysis highlighted:
In May 2019, Densify provided 4 sets of exchange recommendations with a total true-up cost of only $350 dollars.
By following Densify’s recommendations, Atrium was able to maximize the value of their Reserved Instances purchases.
With the recommended exchanges, the following value was realized between May and September of 2019.
The blue vertical line in the preceding graph demarcates when Densify recommendations were adopted.
Densify’s ongoing analysis and recommendations have become an integral part of Atrium’s future Reserved Instance purchasing strategy.