Dive Brief:
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Swiss cloud storage provider Wuala announced its plans to shut down by November 15.
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A spokesperson from Seagate — which owns Wuala's parent LaCie — said the company chose to shutter Wuala to pursue “better business opportunities.”
- Wuala focused on security that used the P2P protocol to create “distributed file storage across connected user systems.”
Dive Insight:
The hypercompetitive cloud storage market is starting to see a shakeup, as Wuala is among the first to go.
“They came up with a way to ensure zero-knowledge security — preventing even their own admins from accessing data,” Tresorit CEO Istvan Lam said in a blog post. “This is something that today’s gigantic cloud providers still haven’t figured out.”
But the tech Wuala invented may have been ahead of its time, as the feature was eventually dropped for a more standard data-center architecture.
