Aorta Structuring Package to Take Over and Continue Nirvanix

Steve Ampleford, CEO, Aorta Cloud and Aorta Capital, wrote:

Aorta Cloud, alongside sister company Aorta Capital, is currently structuring a package to take over and continue Nirvanix Inc. following their recent challenges.  

Clearly, less than 12 hours after customers were informed, it is very early days. Nevertheless given that customers have to remove their data (in many cases with multiple petabytes) before the end of September we have to be swift.

Our current plan is to raise the funds to allow operations to continue in sustain mode (i.e. no new business) for a minimum of two months to allow a stabilsation period and for proper financing to be put in place. If nothing else this will allow a more gentle managed exit for customers, but the intention is obviously to take the good work, great people and great technology forward as a going concern.

We have had a seven figure commitment to provide liquidity during the early stages, and have a bank that will match that investment. Our current thinking is that if we could consolidate the seven global data centres into two or three (allowing the required availability and redundancy for continued operations but without the additional overhead) this will allow time for consolidation and for a more considered strategic response. In parallel we’d be interested in seeing if existing customers would like a part to play in their future, by taking a stake in whatever package and structure results.

After all, the hurdles for existing customers to move their data are substantial and if there is any way that we can help Nirvanix continue its operations this has to be a preferable scenario for those customers to any alternative.  

So to reiterate, we would like existing customers to make themselves known and if we can get sufficient groundswell and tolerance from you to allow us to continue the story we shall. The technology is robust and solid, the business is credible, the market clearly exists and demand is there. We must be able to find a way forward together.

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