CIO — The announcement last month that cloud storage provider Nirvanix was closing up shop set off a wave of hysteria in the IT world and sparked speculation about the viability of cloud storage as an option for businesses.
The fear is understandable given the value of business data. However, with proper contingency planning and a solid backup/disaster recovery plan, such a closure doesn't have to be a big deal.
"This is not remarkable -- it has happened before. Just to name a few, EMC, Sun, Iron Mountain, a lot of 'big' companies have shut down solutions -- even cloud storage solutions- shuttered divisions, and ended the lifecycle of products with a huge install base," says Nicos Vekiarides, co-founder and CEO of Natick, Mass.-based cloud storage provider TwinStrata.
"What's different in this case is the quickness with which it happened, and I think there's certainly a lot of hysteria surrounding this announcement simply because it involves the cloud," Vekiarides says.