The growing interest in establishing FinOps practices among customers and partners is driving research firms to offer detailed evaluations of the market. In its inaugural report—FinOps Cloud Cost Management Products PEAK Matrix® Assessment 2024—Everest Group recognized Ternary as a Leader.

Everest Group, a leading research firm, assessed 13 top FinOps and cloud cost management solutions in the market. The solutions were evaluated based on the following technical criteria:

  • Visualization and reporting
  • Optimization and control
  • Governance
  • Security and compliance
  • Analytics, AI, and automation
  • Clouds supported
  • Hosting options

The PEAK Matrix® classifies solutions into three categories: Leaders, Major Contenders, and Aspirants. The report includes detailed profiles of each solution, highlighting strengths while also noting limitations.

How Ternary compares

Everest Group’s PEAK Matrix® positions vendors relative to two dimensions: Market impact and Vision and capability. Market impact is based on business growth, coverage (industry, geography, buyer size), and value delivered. Vision and capability is based on vision, strategy, technical capabilities, commercial model, and support. Additionally, the assessment includes direct feedback from customers and partners. 

Titus M, Practice Director at Everest Group, noted: “Ternary distinguishes itself by offering multi-cloud cost visibility capabilities and providing SaaS and self-hosted options. Some of its standout features include its commitment spend discount modeler, commitment tracker, and custom labeling solution. Ternary provides a predictable fixed price model for large spend buckets, making it suitable for enterprises with increasing cloud spend. Enterprise clients have applauded the user-friendly UI of the Ternary FinOps platform, and the ability to consolidate cloud usage data from many sources to provide cost transparency. These factors have contributed to its positioning as a Leader on the inaugural Everest Group’s FinOps Cloud Cost Management Products PEAK Matrix® Assessment 2024.”

At Ternary, we are proud to be recognized alongside the leading cost management solutions in the market. This placement reinforces our mission to help customers and partners unlock the strategic value of their cloud investments. 

To learn more about Ternary’s placement in Everest Group’s PEAK Matrix®, download your complimentary copy of our vendor profile today. Or visit Everest Group’s website to access the full report.