Wasabi Launches New Pricing Plan

BOSTON — March 20, 2018 — Wasabi, the price and performance leader in hot cloud storage at 80% less and up to 6x the speed of Amazon S3, announces today the industry’s first pricing plan with no fees for egress or API requests. With its new, game-changing price offering, Wasabi is continuing to disrupt the cloud storage market and accelerate cloud storage adoption by completely eliminating all charges except the basic charge for actual storage.

Egress charges have been one of the biggest inhibitors to enterprises moving their data to the cloud. Customers dislike egress fees because they make it impossible to accurately predict how much they are going to spend, and inevitably creates vendor lock-in. If a customer has 1 PB of data stored with Amazon and wants to migrate it to another vendor, they would be charged up to $90,000 just to retrieve their data. With the elimination of egress fees, Wasabi reduces the monthly bill to just one line item: storage. Wasabi’s vision is to make cloud storage a simple one-size-fits-all utility, like electricity or bandwidth, and that billing should be as simple and transparent as possible.

“When we launched Wasabi last May, we had already decided to eliminate charges for API calls, like GET, PUT, and POST requests. Now, we have eliminated every charge except the single line item for actual storage used,” says David Friend, CEO of Wasabi. “Simple is better, and you shouldn’t have to pay to access your own data or hire a consultant to figure out what your cloud storage costs are going to be. If you know how many terabytes of data you have, you know exactly what your Wasabi bill is going to be, regardless of how many times you access that data. Without fees for egress, customers can finally forget about all the hidden costs of storing and accessing their data in the cloud.”

With its disruptive new pricing plan, Wasabi sets the pace for simple and transparent pricing for cloud storage with superior performance that will accelerate the migration to cloud. Wasabi’s new plan will be the default pricing plan for all new customers. Wasabi’s original pricing plan, which offers slightly lower per-terabyte storage costs but includes a $.04/GB egress fee, will still be available for existing customers and those who anticipate little or no need to access to their data. Existing customers who wish to experience the new plan can simply contact Wasabi to make the switch. Wasabi will also continue to offer its popular Direct Connect plan, providing users with dedicated, private 1 gb/s and 10 gb/s connections with no egress fees.

About Wasabi
Wasabi is the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Wasabi hot cloud storage is 80% cheaper and up to 6x faster than Amazon S3, with no fees for egress or API requests. We hate vendor lock-in, so we made Wasabi 100% compatible with Amazon S3. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is on a mission to commoditize the storage industry, making cloud storage a common utility like electricity. Wasabi is a privately held company based in Boston, MA. Follow and connect with Wasabi on Twitter, Facebook, Instagram and our blog.
©2018 Wasabi Technologies, Inc. All rights reserved. WASABI and the WASABI Logo are trademarks and/or registered trademarks of Wasabi Technologies, Inc. and may not be used without permission of Wasabi Technologies, Inc. All other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). The information contained herein is subject to change without notice. Wasabi shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.

PR Contact:
Lindsay Levitts
Kel & Partners
+1 617-519-6551

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