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Sunday, February 12, 2017

Snapchat signs $1bn cloud deal with AWS

Snapchat has an agreement with Amazon Web Services (AWS) to provide redundancy for its messaging platform, at a cost of $ 1 billion over the next five years.

Snap, the parent company's messaging-based photo messaging platform, already has an agreement with Google, spending $ 400 million a year on its cloud platform.

Snapchat has about 158 ​​million active users per day, but it works almost entirely in the cloud. It was one of the first prominent customers when Google agreed to its infrastructure-as-a-service offer in 2011.

In a presentation for an upcoming IPO, Snap revealed that it has also reached an agreement with Amazon to improve the redundancy service, taking its annual expenditure estimate into the cloud hosting of 450 million - more than the company obtained a Billing in 2016.

In the presentation, Snapchat said, "In March 2016, we concluded the AWS Enterprise contract for using cloud services from Amazon Web Services, Inc. or AWS, which was modified in March 2016 and again In February 2017. The agreement will continue indefinitely until it is terminated by either party.

"Under the addition of February 2017 for the agreement, we have committed to spend $ 1.0 billion between January 2017 and December 2021 AWS services (50.0 million in 2017, 125.0 million Dollars in 2018, $ 200.0 million in 2019, $ 275.0 million in 2020 and $ 350.0 million in 2021.) If the minimum purchase commitment of one year is not respected, we are required to pay the difference.

Snapchat also hinted that it could create its own infrastructure in the future in an attempt to reduce costs, adding: "In the future, we can invest in building our own infrastructure to better serve our customers.

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