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Report: Iron Mountain to shutter cloud storage service

Lucas Mearian, Computerworld | April 10, 2011
After only two years, Iron Mountain is planning to close its public cloud storage services, having already stopped accepting new customers as of April 1, according to market research firm Gartner.

"Nirvanix is also offering stranded Iron Mountain customers the option of implementing a hybrid, federated cloud or private cloud storage solution -- all with the same usage-based pricing, global namespace and elastic flexibility of its public cloud," the company said in a statement.

Two years ago, Gartner had predicted in a report that less than one-third of cloud storage companies would see a return on their investment by 2011. "When announcing Iron Mountain's exit from this market segment, Digital Services Executive Vice President David Jones acknowledged that part of the motivation included profitability pressures," Gartner said.

 

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