Is ISPRIME hosting closing

[viking]

I saw this email posted and want to see if any one here can confirm if it true that isprime.,com is closing their hosting business. There is nothing on their website so double checking.



""Dear Valued Customer,

We hope this message finds you well. With a heavy heart, we must share some important and challenging news regarding our company’s operations.

For 25 years, we have been dedicated to providing reliable and quality services to our customers. However, we are now facing significant business challenges. Inflation has caused our costs to rise rapidly, while many of our customers have been negotiating lower rates. Unfortunately, these financial pressures have become insurmountable.

Adding to these challenges, we have lost our lease with the landlord for our primary datacenter in Clifton, NJ. The landlord has decided to focus on higher-paying industries such as Hyperscale Cloud, AI, and Financial Services, making it impossible for us to maintain our current operations at this facility.

As a result, all customers utilizing services from our Clifton data center must make arrangements to migrate their services elsewhere before the end of our lease on September 27, 2024. If you are a co-location customer who owns your equipment, please schedule a pick-up time. Any equipment not claimed by this date will be powered off and recycled, and all associated services will be terminated. Please note we are not able to handle shipping requests, and we can only physically hand over the equipment in Clifton, New Jersey.

Customers with leased servers or virtual machines must migrate their operations to the bare metal or cloud service providers of their choice.
We understand the gravity of this situation and the inconvenience it may cause. To support you during this transition, we are willing to explore alternative arrangements and provide additional consulting services to assist with your migration. We have limited resources to assist all customers so timeliness in conversations is essential.

We deeply apologize for the difficulties this situation presents. This is not a day we ever hoped to encounter in our 25 years of business. We are committed to providing reliable services until the final day of operation (September 27, 2024), working with our clients to minimize any disruption to your operations as you transition to alternative hosting options.

Thank you for your understanding and cooperation during this challenging time. If you have any questions or need assistance regarding this matter, please do not hesitate to contact us." -ISPrime"

[NSWDave]

https://www.usinflationcalculator.com/i ... ion-rates/

"
Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 3% for the 12 months ending June, compared to the previous rate increase of 3.3%, according to U.S. Labor Department data published on July 11, 2024. The next inflation update is scheduled for release on August 14 at 8:30 a.m. ET, providing information on the inflation rate for the 12 months ending July 2024."


US inflation is running at 3% which is nothing

[urbanlegend]

Mojo will pick up the clients Brad is cool

[Austin]

25 years in hosting is quite a long run.

[badkitty]

Costs have risen for every one no one is immune from that

[DeSexGuide]

Are they Russians?

[gspotman]

So much has changed in that time & cloud computing is the buzz word, Adapt or die is the moto I live by.

[viking]

September 27, 2024 is long gone the site is still up what happened?

[24alex]

https://www.usinflationcalculator.com/i ... ion-rates/

"
Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 3% for the 12 months ending June, compared to the previous rate increase of 3.3%, according to U.S. Labor Department data published on July 11, 2024. The next inflation update is scheduled for release on August 14 at 8:30 a.m. ET, providing information on the inflation rate for the 12 months ending July 2024."


US inflation is running at 3% which is nothing

What?