It’s happened again. This time Iron Mountain is exiting the online backup business.
Iron Mountain is a well respected name, so why did it shut down the cloud storage business and sell off its Iron Mountain Digital business? Various analyses show that it cannot keep pace with emerging technologies whose cost structures are very competitive. Companies like AltDrive which offer unlimited backup for a small fee are out competing the biggies and their entrenched technologies. We expect more to fail in the coming years.
Iron Mountain was charging $0.50/GB/month. Compare that to AltDrive’s charge of $0.15/GB/month — more than three times the cost. Plus AltDrive has a better overall offering.
If Iron Mountain is serving your online backup and you are concerned about where the service is headed and are interested in a more cost-efficient offering:
AltDrive can help with your business online backup. Two month free trial and support.

