FinOps Foundation Announces Fidelity Investments as a Premier Member

Fidelity joins other prominent Foundation members at first-ever FinOps X Summit to educate and boost the FinOps ecosystem

PORTLAND, Oregon., June 20, 2022 /PRNewswire/ — The FinOps Foundationwhich is part of the nonprofit Linux Foundation technology consortium and focuses on advancing people and financial management practices in the cloud, announced today at the first FinOps X Conference in Austin, TXthat global financial services organization, Fidelity Investments, joins as a Premier User EndOps Adopter Company.

A growing number of forward-thinking companies across a wide range of industries are beginning to develop FinOps teams and practices as they move to the cloud to better control their spend forecasting and migration planning. FinOps is now practiced in all major sectorsfinancial services and information technology being among the biggest users.

Fidelity has more than 40 million people, 23,000 businesses, and 3,600 consulting firms among its customers, making it uniquely positioned to collaborate on the evolution of FinOps.

“As Fidelity continues its digital transformation journey, FinOps remains a key pillar in ensuring we get the most out of every dollar spent in the cloud,” said Fidelity Vice President of Cloud Business Office, Zach Stitham. “We are thrilled to be part of this community that continues to share experiences, learnings, and ultimately helps foster a culture of accountability across all organizations.”

As the practice of FinOps takes hold in organizations of all sizes, the FinOps Foundation has continued its rapid expansion. It now serves over 5,700 practitioner members from over 2,500 organizations. End-user members like Fidelity Investments gain visibility in the FinOps community, have easy access to training and enhanced recruiting opportunities – accelerating adoption, and are coached on growing their FinOps practice.

“We welcome Fidelity as a Premier Member as the FinOps Foundation continues its rapid growth and the practice of FinOps gains momentum in organizations large and small,” said JR Storment, Executive Director of the FinOps Foundation. “Fidelity’s hub and spoke model of FinOps practice is a shining example of how to help a large, complex organization get the most out of its cloud spend. Their expertise in their core FinOps team, as well as in the dedicated FinOps business unit Experts have been a great resource for the wider FinOps community, cementing best practices that will give FinOps practitioners everywhere a solid foundation for their own effort.”

Fidelity also received the first annual “Outstanding FinOps Team” award today on the FinOps X main stage for excellence in their large-scale implementation of FinOps and a wide range of experts on their hub model. and spoke.

The latest research from the FinOps Foundation indicates that large enterprises like Fidelity will continue to adopt FinOps, due to the complexity of their cloud environments, reporting requirements and the large number of disparate teams requiring collaboration.

With the explosive growth of the cloud in recent years, organizations understand the critical need to ensure accountability for cloud spend to align cloud adoption and investment with business strategy and value. .

To learn more about becoming a member of the FinOps Foundation, visit https://www.finops.org/membership/

About the FinOps Foundation

The FinOps Foundation (F2) is a nonprofit trade association comprised of FinOps professionals from around the world, including Atlassian, Autodesk, Gannett, HERE Technologies, Just Eat, Nationwide, and Spotify. Founded on 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 to improve financial management in the cloud.

About Fidelity Investments

Fidelity’s mission is to inspire a better future and deliver better results for the customers and businesses we serve. With assets under administration of $10.5 billionincluding the discretionary assets of $4 trillion of the April 30, 2022, we are focused on meeting the unique needs of a diverse set of customers. Privately owned for more than 75 years, Fidelity employs more than 58,000 associates who are focused on the long-term success of our clients. For more information about Fidelity Investments, visit About Fidelity – Our Company

Contact: [email protected]

SOURCE FinOps Foundation

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