Cloud Compliance, RIP
Posted by Robbie Forkish on Tue, Jul 27, 2010
Sad news. I have been unable to raise funding to scale the company, and, as a result, I am forced to shut down Cloud Compliance. The web site will be taken down soon.
At the end of the day, compliance opportunities aren't sexy enough for investors -- at least not in the current climate. Compliance is too hard to understand if it's not a space you're already tracking, and the problems Cloud Compliance addressed were assumed by outsiders to have been already solved.
Of course, that's the investor perspective. At Cloud Compliance we spoke to many organizations that had -- and continue to have -- problems with access audits related to dormant accounts and excessive access rights.
For regular readers of this blog, I appreciate the interest you have shown. If you'd like to continue to follow my rants and perspectives on key topics -- including web services and online billing -- please follow my Bleeding Edge blog over at http://net-founder.blogspot.com/.
Many thanks!