Nirvanix filed for Chapter 11 bankruptcy on Tuesday as announced on the company’s website. The website also announced that it will still be available for data retrieval until October 15.

Nirvanix has previously partnered with IBM that is now one of the aids in data migration. The disposal of Nirvanix servers and the data will be a problem for their customers.

Khosia Ventures and TriplePoint Capital are the largest equity holders in Nirvanix. They are positioned to provide debtor-in-possession financing to keep the company operational until all the customers exit Nirvanix.

Nirvanix unsecured creditors are Dell, Nimsoft, Equinix and the amounts owed are over $400,000 to Dell and over $15,000 to Gartner.

Read the rest of the news here: http://channelnomics.com/2013/10/02/nirvanix-files-chapter-11-pursues-orderly-shut/