Large companies are hesitant to upload backups of important and often secret information to cloud providers, even if it is encrypted (because who says their enc

Large companies are hesitant to upload backups of important and often secret information to cloud providers, even if it is encrypted (because who says their encryption will be safe in 20 years?). This technology is obviously targeting this kind of customer, and I expect it to do rather well in that niche. Providing a cloud-like backup infrastructure internally is a significant cost, is rather hard to get right and requires a lot of maintenance over time.