CEO Letter - August 2024 - Cost & Value

A lot has happened at Deimos recently, and it's all good news. In our last newsletter, I shared our recognition in the FT Ranking as the fastest-growing IT and Software company in Africa. Last week, we celebrated Deimos' sixth anniversary, and I find myself reflective of our journey and excited about what it means for us. This milestone is not just a celebration of our past, but a reaffirmation of our commitment to delivering even greater value to you.

Over the years, we have consistently delivered complex cloud solutions with simplistic elegance, thanks to our passionate team and your invaluable partnership. Our commitment to transparency and client-centric values have always been at the forefront of how we drive transformation through technology.

 In a recent interview with Techpoint, I discussed how Deimos, a bootstrapped company, achieved $20 million in annual revenue. I shared, ‘...our mission is to help businesses use technology in the right way. We believe technology is magic, and it should serve as an enabler for businesses.’

 Welcome to the Future. Balancing Cost and Value in Our Cloud Optimisation Journey

From the very beginning, balancing cost and value has been a central theme at Deimos. Our growth strategy hinges not just on expanding our services but also on delivering exceptional value at a cost-effective price point. Understanding the complex decisions you face regarding your cloud investments, our goal is to ensure that every spend with us translates into real, measurable outcomes.

 In pursuit of this, we have implemented several cost optimisation strategies integral to our operations. Here are a few key techniques we employ to manage costs effectively while maximising value:

• Rightsizing Resources: We make sure you are not over-provisioning or underutilising; this helps you avoid unnecessary expenses.
  
  
• Leveraging Reserved Instances and Commitment Use Discounts: We offer significant savings for predictable workloads.
  
  
• Auto-Scaling: Adjusting resources based on demand, we ensure you pay only for what you use during peak and off-peak periods.
  
  
• Optimising Storage Costs: By using tiered storage solutions, we align your data storage expenses with access patterns and eliminate unused or redundant data.
  
  
• Monitoring and Alerts: We set up systems to detect and manage cost anomalies swiftly.

These strategies, detailed in a recent article by Jaco Nel, our Chief Technical Officer, highlight our commitment to managing costs intelligently. 

Additionally, recognising the challenges of fluctuating exchange rates, Deimos offers the convenience of paying your cloud expenses in your local currency; this simplifies accounting processes and provides greater predictability and control over your budgets.

These techniques are part of our broader strategy to maintain a delicate balance between cost and value, ensuring we provide solutions that are economically viable and technologically advanced.

Let's Optimise Your Cloud Strategy Together

 We understand that adopting cloud-native best practices can be challenging and intimidating. We are here to make your journey much easier. I invite you to schedule a discovery call with us; let’s explore how we can help your organisation reduce its cloud costs and enhance operational efficiency.

I am grateful for the trust you place in us. Your feedback and engagement have been instrumental in shaping our journey. Thank you for being a part of our journey. Here's to many more years of innovation and success together.

Warm Regards,

Andrew Mori,

Deimos CEO

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