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Background
In Nov 2020, a Private Equity (PE) investment took a majority stake in the business. This investment resulted in a “Carve-Out” from Hermes Europe creating an independent company with sharper strategic focus, accelerating growth and driving efficiency.
Challenge
Hermes executed a "lift and shift" from the Hermes Europe data centres to public cloud and the primary focus was to exit at pace. The value creation plan required cloud cost reduction and more efficient scaling.
Solution
We conducted a rapid discovery over 2 weeks to identify where to eliminate waste and optimise the AWS estate leading to a further 12 weeks engagement using best practices from FinOps and TBM and deploying cloud management tooling.
Timescale
We successfully delivered in just 12 weeks by forming collaborative relationships all levels of the business, working with them to ensure they were trained and empowered to deliver the savings.
Outcomes
- 22% reduction in AWS spend
- Established FinOps capability
- Achieved cost transparency of Products & Services
“In just 12 weeks, we saw a significant reduction in our AWS spend, this is critical to delivery of the value creation plan. We also now have an AWS estate that enables strategic growth.”
Chris Ashworth
CIO, EVRI
"Through their expertise and strategic partner approach, Thebes became trusted advisors and enabled Hermes to achieve a strong foundation for ongoing Cloud management that can be expanded to other areas of technology spend, on top of the very sizeable reduction in AWS cost.”