Egnyte surely has people talking. Though what they are saying has nothing to do with how impressed they are by the hybrid cloud provider. In recent weeks, cloud storage leaders Box and Dropbox have been taking serious efforts to expand on their business offerings; finally realizing the bubble forming. Unfortunately Box and Dropbox have spent so much time and energy focusing on consumers, that they have now dug themselves into a hole which no amount of vc funding can pull them out of. Unless they decide to take away the attractive deals to consumers, they will have to compensate by gouging businesses; at which time the users will funnel to enterprise providers like DriveHQ.
Egnyte thought that they were small enough to implement such a change without a dramatic effect to their user-base. The problem for Egnyte is that they lack an enticing selling point. When someone hears that their storage price is being hiked by more than 400% (yes this is a real number reported by an Egnyte user), they will simply find another, more reasonable provider. Anyone who is familiar with local vs cloud storage knows that the “hybrid cloud” term coined by Egnyte really refers to nothing more than using both the local and cloud server to save/store your data. This can easily be accomplished with DriveHQ – not to mention we guarantee that our users’ prices will NEVER increase; they will either decrease or remain the same until you unsubscribe.
Here is a preview of what some Egnyte users have been dealing with: