Rafi Kronzon, CEO of Cartwheel, a New York-based managed service provider, after cloud storage startup Wasabi Technologies promised to store customers' data in its cloud six times faster than can be done with Amazon S3 while charging only one-fifth of S3's price.

"There's lots of room in the market, but it's still a tough market. I would have thought there would actually be more consolidation in this market by now. Cost-per-gigabyte is not a big deal for customers with a terabyte or two of data. The big difference is at large enterprises or at reseller selling services with petabytes of data."