Nexxiot Saves 50% on Two Major Contracts, Fueling Company Growth

Megan McDonough
Head of Content Marketing

Internet of Things and logistics company, Nexxiot, chose Sastrify as their SaaS procurement solution, with the aim of optimizing spend and extending their runway during a period of rapid growth. After analyzing Nexxiot’s SaaS stack, Sastrify’s team of procurement experts used a few key negotiation tactics to create significant savings on multiple tools such as Slack, Microsoft365, and Atlassian.

50%
AMOUNT SAVED ON TOP TWO TOOLS
$53,000
TOTAL SAVINGS WITH SASTRIFY
4.5X ROI
ACHIEVED SINCE BEGINNING WITH SASTRIFY

Results at a glance

For Nexxiot, Sastrify leaned on strong and well-nurtured vendor and reseller relationships to help create win-wins for both parties. They closed on a 50% discount on Altium Designer by committing to a three-year contract. In the case of Amazon Web Services, Sastrify was able to cut Nexxiot’s EC2 costs by 50%, translating to $20K in savings.Using Sastrify’s price benchmarks, Nexxiot was able to secure a lower rates with Microsoft365, therefore reducing cost and allocating it elsewhere.

About

Nexxiot

Nexxiot is a TradeTech pioneer with a mission to enable easier, safer, and cleaner transportation for all stakeholders in the global supply chain. Nexxiot's IoT hardware, software and analytics create transparency to improve efficiency and preserve value across supply networks. Nexxiot devices are currently in 167 countries, with 200K assets monitored.

Founded
2015
HQ
Zurich
Employees
68
Funding
$184.1M

Some of

Nexxiot

's favourite Sastrify features

"Having already reduced IT operating costs by 20% through various initiatives since I started at Nexxiot, working with Sastrify still proved to be a useful addition, especially in the area of cloud infrastructure.”

-
Nexxiot Head of IT Operations & InfoSec, Fabian Günther

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