Failed cloud storage provider Nirvanix has filed for Chapter 11 bankruptcy, according to a statement posted Tuesday on the company’s web site.
Nirvanix also posted a statement saying it is working to make resources available until Oct. 15 to help customers move data off the Nirvanix cloud onto similar clouds from Amazon, IBM, Google or Microsoft. Nirvanix set up a rapid response team with IBM SoftLayer to help ease the transition. IBM sold Nirvanix cloud storage services through an OEM deal.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Interestingly, IBM rival Dell stands to take a big financial hit from Nirvanix’s bankruptcy. Nirvanix owes Dell Marketing LP $407,000, making it the largest unsecured creditor. Other creditors include Salesforce.com, hosting services provider Equnix and analyst firm Gartner. The Nirvanix Chapter 11 filing reported assets of between $10 million and $50 million, and roughly the same amount of liabilities.
The Nirvanix statement said it would “pursue alternatives to maximize value for its creditors while continuing efforts to provide the best possible transition for customers.”