Hello Iron Mountain Customers, Can We Help?

May 17, 2011 byGleb Budman // No Comments

Iron Mountain acquisition by Autonomy

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?

We’re ready to help with your business online backup needs.

About Gleb Budman

Gleb Budman is a co-founder and has served as our chief executive officer since 2007, guiding the business from its inception in a Palo Alto apartment to a company serving customers in more than 175 countries with over an exabyte of data under management. Gleb has served as a member of our board of directors since 2009 and as chairperson since January 2021. Prior to Backblaze, Gleb was the senior director of product management at SonicWall and the vice president of products at MailFrontier, which was acquired by SonicWall. Before that, he served in a senior position at Kendara, which was acquired by Excite@Home, and previously founded and successfully exited two other startup companies.

Related Posts