Company: CoreStack
Company Description: CoreStack provides a NextGen Cloud Governance platform that empowers enterprises to predictably increase top-line revenues, improve bottom-line efficiencies, and gain a competitive edge through AI-powered real-time cloud governance on autopilot. Its FinOps, SecOps, and CloudOps solutions embrace, enhance, extend native-cloud capabilities, while assuring security & compliance across multi-clouds.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Cloud Infrastructure
 Nomination Title: CoreStack's Governance
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
CoreStack Governance update was released September 20, 2023
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 351 words used.
Our solution,CoreStack Governance is a set of governance modules for FinOps, SecOps, and CloudOps.
1) CoreStack FinOps is a NextGen Cloud Governance solution designed to help enterprises develop a culture of financial accountability and realize the benefits of the cloud faster. With CoreStack FinOps, enterprises can manage costs proactively, ensure they get maximum value from their cloud investments, and clearly understand the business value of cloud spend. CoreStack FinOps provides a powerful set of capabilities that enable you to improve forecasting, prevent budget overruns, and make more data-driven business decisions.
Key Capabilities
- Monitor cloud systems against custom guardrails, allowing you to spot drift in cloud spending in real-time and prevent cost overruns
- Detect cost anomalies and optimize cloud consumption to fully realize the advantages of the cloud’s variable-cost model
- Leverage AI to forecast cloud spending more accurately
- Get holistic visibility and insights into multi-cloud spending with a unified dashboard
- Access granular reporting and tools that foster a culture of financial accountability
2) CoreStack SecOps is a NextGen Cloud Governance solution designed to help enterprises keep their cloud resources secure and optimized – whether they run AWS, Google Cloud Platform, Microsoft Azure, Oracle Cloud Infrastructure, or some combination of platforms. With CoreStack SecOps, enterprises can get an accurate and unified view of their entire multi-cloud inventory, including security and compliance posture, so you can Cloud with Confidence™. CoreStack SecOps solution is built to continuously monitor cloud resources, assess their security risks, flag vulnerabilities, and protect them from attacks.
Key Capabilities
- Autonomously and proactively govern security operations
- Get unified visibility into security threats, attacks, and vulnerability data, and achieve continuous cloud compliance against evolving industry and regulatory standards
- Leverage 2,000+ policies and the ability to create even more through deep customization down to the control level
- Get visibility and track progress across multiple policies and across multiple compliance standards
- Access granular reports with security findings prioritized by severity and risk
- Integrate with ITSM tools for seamless remediation
3) CoreStack CloudOps is designed to help organizations optimize cloud operations and cost management, enhancing accessibility, availability, flexibility, and efficiency while boosting business agility.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 228 words used.
CoreStack has helped enterprises realize transformative outcomes such as 100% security assurance and compliance, 40% decrease in cloud costs and 50% increase in operational efficiencies by governing operations, security, cost, access, and resources. CoreStack, today, governs over $2 billion in cloud consumed by global companies and it has helped save over $300 million in cloud costs. CoreStack has shown 300% growth year on year and expects to continue the same.
CoreStack has helped companies across multiple industries including Financial Services, Healthcare, Retail, Education, Telecommunications, Technology and Government achieve predictable results. Today, CoreStack empowers over 750 leading enterprises across the globe with AI-powered autonomous cloud governance, including GE Healthcare, Bosch, De Beers, Splunk, MRF, Genpact, Tata Communications and Ericsson. CoreStack has helped these enterprises overcome cloud challenges by offering deeper cloud visibility, preventative governance guardrails, and automatic remediation.
Corestack has processed over 100 million transactions per day, governed 10+ million of cloud inventory, and assessed 1.4+ million policies. It supports 2100 policies out-of-the-box, 24+ compliance standards and 750+ templates and scripts. CoreStack has detected 300,000 security vulnerabilities to date.
Testimonial:
“The customer liked having the ability to see two different cloud providers in one platform. Having a portal with multi-cloud capability was one of the reasons we won the customer. It was great being able to provide them this feature.”
Sonia Grozdanoska, Cloud Product Owner, Logicalis
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 177 words used.
https://www.corestack.io/product-sheets/
https://www.corestack.io/case-studies/
https://www.corestack.io/white-papers/
CoreStack Ranked Number 219 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™
https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/fast500-winners.html
Inc. 5000 – 2023
https://www.inc.com/profile/corestack
https://www.inc.com/best-workplaces/2023
Global InfoSec Awards at RSA Conference 2023
https://cyberdefenseawards.com/global-infosec-awards-for-2023-winners-by-company/
Analysts Recognitions
We are now featured either as a leader or a strong performer with all the major Analysts – Gartner, Forrester, Frost & Sullivan, IDC and S&P Global.
Leader, Frost Radar: Global Hybrid Cloud Management Platforms
https://cts.businesswire.com/ct/CT?id=smartlink&
Frost & Sullivan: A leader in 2022 Hybrid Cloud Management Platform Market
https://www.frost.com/news/press-releases/frost-sullivan-recognizes-corestack-with-the-2022-competitive-strategy-leadership-award-for-its-nextgen-cloud-governance-and-management-solutions/
Forrester New Tech: Cloud Cost Management and Optimization
https://www.forrester.com/report/now-tech-cloud-cost-management-and-optimization-q2-2022/RES177431 We are featured in the Strong Performer category
Top 10 G2 Cloud Management Platform
https://www.g2.com/categories/cloud-management-platforms
Gartner Magic Quadrant
https://www.corestack.io/blog/corestack-gets-recognized-in-gartner-magic-quadrant/
11-23-2022 Gartner - Innovation Insight for Continuous Compliance
11-23-2022 Gartner - Market Guide for Cloud Management Tooling
11-23-2022 Gartner - Implementing Multicloud Data Integration
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