After shutting down its cloud storage business last month, today Iron Mountain sold the entire Iron Mountain Digital business to Autonomy.
Why did Iron Mountain shut down the cloud storage business and sell off its Iron Mountain Digital business? According to ZDNet, Iron Mountain “is exiting the digital business because it can’t keep up with developing technology.” This is backed up by StorageMojo who says that for its cloud storage by “selecting EMC—a premium-priced provider—suggests that IM got off on the wrong foot and never recovered.”
Iron Mountain Digital offered online backup to its customers and charged approximately $60 per computer per month for 30GB! That is 12 times more than Backblaze charges for its online backup for unlimited storage. Backblaze was able to offer this service profitably at the $5 per month price point by focusing from day one on developing our own cloud storage system which at 10PB five months ago already stored two times more data for our customers than Iron Mountain.
Are you using Iron Mountain for your online backup needs? Worried about where your service is headed? Interested in a more cost-efficient offering?
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