Capacitas and PE Firm Cinven Make JAGGAER $2.7m Savings on Annual Cloud Budget
JAGGAER, owned by UK private equity firm Cinven, migrated its data centres into the cloud with Capacitas to improve performance and reliability
London, United Kingdom, 12 January 2023: JAGGAER, a global provider of technology for business spend management headquartered in North Carolina and owned by UK private equity house Cinven, has saved $2.7m on its annual cloud budget by choosing hyperscale cloud consultancy, Capacitas, as its cloud migration partner.
JAGGAER is made up of several acquisitions. By moving all the different data centres into the cloud, JAGGAER knew it would allow it to simplify its technology landscape and improve the performance and reliability of its services.
When JAGGAER started embarking on a large-scale cloud migration, it was looking for insight into whether it would be possible to reduce the costs associated with such a migration. Capacitas audited JAGGAER’s existing and complex estate – both on-prem and in the cloud – to get a solid understanding of why the architecture had been set up the way it had.
From the initial audit, Capacitas could see that JAGGAER could create a seven-figure saving during the initial 6 months, and showed it how do to this on a week-by-week and product-by-product basis.
The audit was completed in four weeks followed by two cost optimisation engagements each lasting three months. The organisations are now working together on a four-month transformation engagement which is designed to solidify the cultural shift and continue to make cost efficiency behaviours part of everyone’s mindset.
So far Capacitas has helped JAGGAER to currently stay $2.7M under their predicted annual cloud budget. Another key benefit has been the speed at which we were able to actualise these savings.
“The shift in mindset and culture across the JAGGAER teams, in terms of how to manage the cloud, has been outstanding and this has undoubtedly made all the processes easier to complete. We’ve managed to save JAGGAER a significant amount of money over what it was forecasting to spend, while creating the foundation for performance and scalability. It just proves when the Cloud is done right, it can become rocket fuel for any organisation,” says Dr. Manzoor Mohammed, CINO and Co-Founder, Capacitas.
Headquartered in North Carolina, JAGGAER has offices around the world and provides services to leading corporations on every continent. Gartner has named JAGGAER a Leader in the “Magic Quadrant for Procure-to-pay Suites” for the past five consecutive years. JAGGAER was acquired by UK private equity house Cinven in 2019 and began embarking on a large-scale migration to the Cloud.
Cinven is an international private equity firm with a 30-year record of accomplishment, focused on supporting companies that want to step-change their growth. Cinven has offices in nine international locations and their portfolio companies typically have the benefits of scale, product, and price leadership.
Capacitas is a highly experienced hyperscale cloud consultancy headquartered in the UK, uniquely effective at enabling businesses to achieve major efficiencies that power growth and innovation. With 20 years’ experience of working with scaled, complex systems that have tough challenges in high-profile and well-known organisations, Capacitas challenges the cloud status quo. This means finding a better way for any organisation to be totally cloud-confident in the face of multiplying challenges, optimising cost while maximising performance and scalability – all impacting the bottom line. Many of its competitors do one of these, none do all three.
JAGGAER is leading the Autonomous Commerce revolution, a self-governing B2B commerce experience between buyers, suppliers, things (IoT) and partners. Over $500 billion worth of goods flow frictionlessly through our Enterprise Commerce Network every year. Leveraging AI and machine learning, our intelligent procurement solutions provide enterprise buyers and suppliers smart-match recommendations that align buyer needs with supplier capabilities. Our solutions autonomously execute many of the repetitive, behind-the-scenes tasks required to facilitate enterprise commerce. We are Networked, Intelligent, Comprehensive and Extensible. We are over 1,200 employees strong, all focused on customer success.
Cinven is a global private equity firm founded in 1977, with offices in nine international locations in Guernsey, London, New York, Paris, Frankfurt, Milan, Luxembourg, Madrid, and Hong Kong that acquires Europe and United States based corporations, and emerging market firms that fit with their core businesses, and necessitate a minimum equity investment of €100 million or more. In 2015, it had €10.6 billion in assets under management.
Cinven’s funding base originally came solely from three pension funds in the United Kingdom (British Coal, the Railway Industry and Barclays Bank) who remain as important investors. Cinven has been reported to originally stand for Coal Investment Nominees’ for Venture Capital.
Cinven invests in six sectors on an international basis: Business Services; Technology, Media and Telecommunications; Financial Services; Industrials; Healthcare; and Consumer.