Case Study: ICEYE saves $300K in software spend with CloudEagle.ai

ICEYE saves $300K in 120 days with CloudEagle

ICEYE, a company that grew rapidly to over 400 employees, faced a challenge managing its sprawling SaaS portfolio of 70+ applications and a $2.2 million annual spend. Without centralized visibility, the internal team lacked the bandwidth to analyze usage, benchmark contracts, and negotiate renewals, creating an urgent need for cost control which led them to partner with CloudEagle.ai.

CloudEagle.ai implemented a solution involving a full usage analysis and price benchmarking across the entire portfolio. This identified 33 contracts priced above market and opportunities to right-size licenses. The vendor's team directly renegotiated those contracts and optimized software plans based on actual usage. This resulted in $300,000 saved in 120 days, including $200,000 from renegotiations and $45,000 from right-sizing video conferencing. CloudEagle.ai continues to serve as ICEYE's ongoing procurement partner.

ICEYE