Iron Mountain Exit Hints at cloud Storage Shift

High-profile defections from cloud storage — long considered a drowsy but lucrative IT market minimally upended by cloud computing — may mean a new look at online and remote storage options is necessary.

Longtime document and data storage vendor Iron Mountain recently announced the shuttering of its Iron Mountain Digital cloud storage service. In a letter to customers, CEO Richard Reese said the firm wants out of the software and services development business and will resell technology instead.