MinIO, a Leader in High Performance Object Storage, Launches the MinIO Subscription Network Globally
- S&P 500, Nasdaq close up 4th straight week as optimism grows
- 'Back in Tech': Investors are Increasing Exposure to Tech and Growth Stocks - BofA
- Rivian Reports Bigger Loss, Says Current Models Won't Qualify for Tax Breaks
- US-listed China Stocks Slip on Delisting Moves, Analyst Sees Short-term Noise
- Salesforce (CRM), Snowflake (SNOW) Rated New Sell at Guggenheim, Oracle (ORCL) at Buy
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Combines licensing, operational and security benefits to facilitate production deployments
PALO ALTO, Calif.--(BUSINESS WIRE)-- MinIO, a pioneer in high performance, Kubernetes-native object storage, today announced the global launch of the MinIO Subscription Network. Customers are now able to subscribe to MinIO’s products over the web, on a consumption basis. This innovative approach to provisioning private cloud object storage reduces the friction of obtaining licensing while delivering substantial operational and security benefits.
“The MinIO Subscription Network continues their relentless drive to digitize and automate the object storage space,” said Enrico Signoretti, Senior Data Storage Analyst with GigaOM. “MinIO has already established the object storage standards for performance and Kubernetes, by adding the Subscription Network experience to their recent features they seek to compete directly with AWS and the other public cloud providers.”
The MinIO Subscription Network benefits fit into three core categories:
A commercial license provides exceptions to the obligations inherent in the MinIO GNU AGPL v3 license. As the copyright holder, only MinIO can provide this exception. While many enterprises require commercial licenses where AGPL v3 is present, subscribers still enjoy the benefits associated with open source - namely freedom from lock-in and freedom to inspect the source.
“MinIO has continually lived up to its promise of pioneering high-performance object storage while serving as a key component of our data architecture,” said Amir Karuppaiah, Chief Technology Officer of PRGX Global, Inc. “Through MinIO's Subscription Network, we have direct access to their skilled team of engineers who work tirelessly and collaboratively to resolve our issues and address our requirements.”
Data Loss Prevention
Large scale data infrastructure must consider and plan for failure as part of the design. The MinIO Subscription Network delivers access to technology and talent to manage and minimize this risk. These include direct-to-engineering support, one hour SLA, access to the Panic Button, performance and optimization audits as well as key diagnostic capabilities designed to assess the health of customer deployments.
“With data on more than 90,000 video advertisements, MinIO's object storage suite has become a vital and resilient part of our hybrid infrastructure” noted William Parducci, CTO, Ace Metrix. “The MinIO Subscription Network is a key part of that relationship. The response time and engineering-first engagement model accelerates our development and gives us the confidence to expand our use of the software.”
Data Breach Prevention
Modern data infrastructure is in a state of constant change, and change brings risk. Customers of the MinIO Subscription Network have 24/7/365 access to cryptographic experts, quarterly security audits, and a suite of other technologies that will ensure MinIO’s industry leading security features are properly configured while proactively identifying vulnerabilities and evolving risk.
Transparent, Capacity Based Pricing - With a Ceiling
The MinIO Subscription Network offers two tiers - Standard and Enterprise, which customers select based upon their SLA and legal requirements. The Standard Tier is priced at $.01 per GB per month. The Enterprise Tier is priced at $.02 per GB per month. Capacity minimums start at 25 TB and 100 TB respectively. Pricing is month to month and subscribers can cancel at any time and with no questions asked.
“The MinIO Subscription Network is a critical component of any production deployment of our object storage software,” said Garima Kapoor, co-founder and COO of MinIO. “With transparent, capacity based pricing, monthly billing and the ability to transact online, MinIO now matches the convenience of the public cloud buying process while adding a superior collection of benefits focused on modern object storage use cases. By digitizing the sales process and investing relentlessly in automation we have aligned ourselves with the new normal facing enterprise software companies.”
The MinIO Subscription Network also includes a pricing ceiling. Above certain capacity levels, 10 PB for Standard and 5 PB for Enterprise, there are no additional charges. This effectively caps the software cost component, delivering cost certainty and creating a massive incentive to repatriate large scale data infrastructure from the public cloud.
“As global leader in data storage and management solutions, Seagate Technology understands the need for predictability in costs and working collaboratively to solve problems,” said Ravi Naik, CIO and SVP at Seagate. “The MinIO team continues to raise the bar on engineering excellence and willingness to work alongside customers to solve any issues. The simplicity of Subscription Network pricing and ease of use gives CIOs cost predictability and Tier I support.”
To see more on the MinIO Subscription Network, visit https://min.io/pricing.
MinIO, the company behind the open-source object storage suite, is pioneering high performance object storage. Their software-defined, Amazon S3-compatible object storage system is optimized for private cloud deployments. MinIO was voted the “Most Impactful Open Source Project” by Strata/O’Reilly in 2019 and is run by more than half of the Fortune 500.
Founded in late 2014, MinIO is backed by Nexus, General Catalyst, Dell Technologies Capital, Intel Capital, AME Cloud Ventures and key angel investors. As of August 2020, it had more than 400M Docker pulls making it the fastest-growing private cloud object storage company.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Arbitrator Rules in Favor of Daiichi Sankyo in Dispute with Seagen
- Statement on Passage of the Inflation Reduction Act of 2022
- Olympia Financial Group Inc. Announces Second Quarter 2022 Results
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!