Cloud computing platform provider and Macquarie Telecom subsidiary, Ninefold, has made a decision to shut down its operations.

The company made the announcement on its website citing that it would have to make further investments to take its platform to the ‘next level’.

“After an evaluation of the underlying technical platform, much consideration and deep reflection, we have decided not to embark on this journey,” Ninefold’s website said.

The last day of operation will be January 30.

It will be supporting its customers to either transition to their parent company, Macquarie Telecom’s Cloud services or an alternative provider.

“We appreciate that for some of our customers this will be a significant inconvenience and we will do what we can to make it easy,” Ninefold said.

During its history, Ninefold achieved many milestones along the way including a collaboration deal with EMC Australia back in May 2011 and in June 2013, it became a certified supplier on the Federal Government’s Datacentre-as-a-Service Multi-User List (DCaaS MUL).

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