What Went Wrong with Iron Mountain’s Cloud Storage

Almost a week after closing down its cloud-based Virtual File Store service, archival expert Iron Mountain has replaced CEO Bob Brennan, a situation some are pinning on Brennan’s big investment in the failed cloud storage business. Iron Mountain’s hard luck in cloud storage  is somewhat surprising considering the growth of many providers and the big money that venture capitalists are pumping into cloud storage services. However, it might just be another instance of an old-school company trying its hand in an entirely new market in which it wasn’t cut out to compete.