Enterprise-level cloud storage provider Nirvanix has unexpectedly announced it is shutting down effective September 30, with customers frantically searching for another place to store their data by then.

Several sources have reported the news, with the Wall Street Journal claiming that the storage provider had lost its latest round of funding, and had run out of money to continue operating.

The Twittersphere was varied as the community took the news in:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The initial reaction from a lot of the press was pessimistic: what if people can’t trust the cloud?

Yet Ian Moyse, director at cloud CRM provider Workbooks, believes differently.

“Cloud, like any market, will have winners and losers, and customers need to do diligence on their provider, which should include off boarding – meaning how easy it is to get your data back in a useable format and move elsewhere should you choose or need,” he said.

“Good cloud …