Nirvanix
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Nirvanix was a cloud storage provider offering enterprise-class public, private, and hybrid cloud storage as a service. Founded in 2007, it operated its own public cloud infrastructure across multiple data centers worldwide and helped customers build private clouds on its technology. Its customers — mostly enterprises and institutions — came largely through partnerships with companies like IBM, whose SoftLayer cloud infrastructure offering incorporated Nirvanix's storage service.
02 / Nirvanix FAILURE REASONS
Failure reasons
Rising operating costs and infrastructure investment needs exceeded the financing Nirvanix secured in 2013. Management sought a restructuring or sale, but could not agree a sale outside bankruptcy, leaving the business without sufficient funding.
03 / EVENT HISTORY
Events in the structured record
- Operations ended
Nirvanix ended operations.
- Company founded
Nirvanix was founded.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
In mid-September 2013, Nirvanix told customers they had to move their data off its cloud before the service shut down, initially giving them until September 30 (later extended to October 15).
- 02
On October 1, 2013, Nirvanix voluntarily sought Chapter 11 bankruptcy protection, listing assets and liabilities each in the $10–50 million range; top creditors included Dell, Nimsoft, and Equinix.
- 03
The company helped migrate customers to alternatives including IBM SoftLayer, Amazon S3, Google Storage, and Microsoft Azure, reaching a specific agreement with IBM — whose own storage service was based on Nirvanix technology — to aid the migration.