2024 was a year of growth and innovation for Ternary. From achieving SOC 2 Type 2 compliance to delivering impactful product enhancements, this year has been a transformative one. We made huge strides in expanding our partner ecosystem and enhancing our FinOps capabilities. We also engaged with the community to ensure we’re continually evolving in line with industry needs. Along the way, we’ve strengthened our team with top-tier talent, and received industry accolades that recognize our leadership in multi-cloud FinOps. As we look ahead, we remain focused on building trust and delivering exceptional value to our customers and partners. Read on to learn more about our accomplishments in 2024.
Delivered significant product enhancements
In 2024, we invested significantly in improving our platform, to serve our customers and partners even better. From small text updates to major redesigns, we prioritized usability. We introduced features like a navigation search engine, dashboard customization options, and an entirely new Ternary Documentation Hub.
Ternary doubled down on partners in 2024, launching our MSP Partner Program. We also released tailored Ternary MSP Platform features like the MSP Dashboard and Billing Rules Engine. These investments grew our partner base by 2x.
Additionally, we boosted our Inform phase functionality with enhanced capabilities for cost allocation, anomaly detection, and unit economics. As we look back, 2024 was a transformative year for both our customers and partners. We’re excited to build on these foundations in 2025.
Follow Ternary’s progress in our monthly FinOps roundup, featuring key platform enhancements for customers and partners.
Recognized as a 3x industry leader
2024 was an exciting year for Ternary! We were recognized as a Leader in multi-cloud FinOps platforms by three global industry research and analyst firms: GigaOm, Everest Group, and ISG.
These recognitions praised Ternary’s technical strengths, including SaaS and self-hosted deployments, normalized billing across clouds, custom labeling, and a transformative cost allocation engine. Our platform’s scalability and user-friendly UI make it accessible to businesses of all sizes. Ternary also stands out for its strong go-to-market strategy. We focus on building solutions for channel partners and offer a predictable, fixed-price model ensuring financial transparency for customers.
We’re honored to be recognized alongside the first generation of cost management solutions. Our top-tier placement highlights the strength of our FinOps-native platform and the trust we’ve earned from customers and partners. It motivates us to continue providing the best FinOps solution, driving cost transparency and efficiency for our clients.
Engaged with the FinOps community
In 2024, we proudly sponsored and attended key industry events, including Google Cloud Next, FinOps X San Diego, FinOps X Barcelona, and AWS re:Invent. Engaging with the FinOps community is more than just fun (though we do love to connect with practitioners). It’s also essential to our success, allowing us to deepen our understanding of the latest challenges in FinOps. These conversations help us continually refine our platform to better meet the needs of the community and support our existing customers and partners.
Watch our FinOps X 2024 San Diego breakout session featuring The Linux Foundation! Discover how they incorporate Ternary in their IT tooling ecosystem.
Achieved SOC 2 Type 2 compliance
Achieving SOC 2 Type 2 compliance is a significant milestone for Ternary. It underscores our commitment to protecting sensitive data, managing risks, and adhering to industry standards. However, this accomplishment is just one step in our ongoing journey. Achieving SOC 2 Type 2 compliance underscores our ongoing commitment to security and operational excellence. It highlights our unwavering focus on delivering top-tier service, while maintaining the highest standards of integrity.
Hired top industry talent
In 2024, we expanded our leadership team and welcomed talented professionals across key departments. These included Product Marketing, Product Delivery, Engineering, Sales, and Finance. This growth not only strengthens our ability to innovate and deliver an exceptional FinOps platform. It also enhances our collaborative culture, as we continue to scale. Each new team member brings valuable expertise and fresh perspectives, helping us better meet the evolving needs of our customers and accelerate our mission with greater agility and impact.
Follow us on LinkedIn to read our new hire and “meet the team” announcements.
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