GoDaddy Pulls the Plug on Its Amazon-Like Cloud Business

Grazed from Fortune. Author: Jonathan Vanian.

GoDaddy is giving up on a business that it debuted just a little over a year ago. The website hosting company is ending its cloud computing business, which it unveiled in March, 2016 as an alternative to Amazon Web Services (AMZN, -0.43%) and other cloud companies. GoDaddy confirmed to Fortune that it is shutting down the business unit, but did not say why. Tech news site TechCrunch first reported the planned closure.

“After serious consideration, we have decided to end-of-life our cloud servers’ product,” GoDaddy senior vice president of hosting Raghu Murthi said in a statement. “GoDaddy Cloud Servers provided numerous learnings for us that we’ve already been applying to other products and services.”...

In this public cloud business, companies like Microsoft (MSFT, -0.09%) and Google (GOOG, -0.28%) sell on-demand computing resources to customers, alleviating the need for those customers to buy and maintain servers internally and related data center hardware...

Read more from the source @ http://fortune.com/2017/07/20/godaddy-cloud-server-business/