Spot Market Offers Low-Cost Cloud Capacity

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Enomaly Inc. has launched an online market called SpotCloud where users can shop for low-cost, no-frills computing power from various cloud service providers.

The company, whose primary business is selling software to cloud providers, came up with the idea to create a spot market as a way to help cloud service vendors sell off unused capacity.

There are currently 15 cloud providers that offer their excess capacity through SpotCloud. Enomaly is offering the service as a private beta to make sure that it can handle requests. Users must register and be approved before they can purchase services.

Once approved, buyers can visit the online market and enter details about the kinds of services they're seeking. For instance, they can designate a region or even a city where they want the computing power to be hosted, choose hardware requirements in terms of RAM and CPU, and specify the price they want to pay, which will vary depending on the quality of service.

The idea is to offer users a straightforward virtual machine at a discount price. "If you want all the bells and whistles, you can go to Amazon and get it and pay retail for it," said Reuven Cohen, founder and chief technologist at Enomaly.

This version of this story was originally published in Computerworld's print edition. It was adapted from an article that appeared earlier on Computerworld.com.

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