In Nov 2020, a Private Equity (PE) investment took a majority stake in Hermes, resulting in a “Carve-Out” from Hermes Europe, creating an independent company with sharper strategic focus, accelerating growth and driving efficiency.
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.
We conducted a rapid discovery over 2 weeks to identify where to eliminate waste and optimise the AWS estate leading to a further 12 week engagement using best practices from FinOps and TBM and deploying cloud management tooling.
We successfully delivered over 12 weeks by forming collaborative relationships at all levels of the business, working with them to ensure they were trained and empowered to deliver the savings.
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.”
CIO, Hermes UK
“The aim of our 12 week engagement with Thebes Cloud Management was to reduce and rationalise our AWS estate and reduce our overall Cloud spend. 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.”
Head of Office of the CIO, Hermes UK