Amazon.com (NASDAQ:AMZN) has launched ‘Amazon Glacier’, an archive service.

Amazon.com To Launch Glacier

Amazon.com (NASDAQ:AMZN) announced that its division Amazon.com (NASDAQ:AMZN) Web Services LLC (AWS) has unveiled ‘Amazon Glacier’.

Amazon Glacier is a secure, reliable and extremely low cost Data Archive Service.

With Amazon Glacier, customers can reliably and durably store large or small amounts of data including include digital media archives, financial and healthcare records, raw genomic sequence data, long-term database backups, and data that must be retained for regulatory compliance.

Alyssa Henry, Vice President of Amazon.com (NASDAQ:AMZN) Web Services LLC (AWS) Storage Services, said that, “Today, most businesses rely on expensive, brittle, and inflexible tape for their archiving solution. This approach requires expensive upfront payments, is difficult to operate and maintain, and leads to wasted capacity and money. Amazon.com (NASDAQ:AMZN) Glacier changes the game for companies requiring archiving and backup solutions because you pay nothing upfront, pay a very low price for storage, are able to scale up and down whenever needed, and AWS handles all of the operational heavy lifting required to do data retention well”.

Amazon.com (NASDAQ:AMZN) shares were at 243.10 at the end of the last day’s trading. There’s been a 11.2% change in the stock price over the past 3 months.

Amazon.com (NASDAQ:AMZN) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 6 out of 18 in the industry