back to article US cloud pusher Fusion Connect hits ice after double-merger debt pile-on, files for chapter 11

American cloud peddler Fusion Connect has filed for Chapter 11 bankruptcy protection, after entering a series of risky mergers and accumulating more debt than it could hope to repay. The company borrowed $680m in 2018 to fund for two mergers in two months, absorbing its competitors Birch Communications and MegaPath Cloud. As …

  1. fredesmite
    Mushroom

    Remember - The CLOUD

    Is nothing more than running your crap on someone else's computer with other people's crap , hoping they can maintain it better than you do .

    1. Anonymous Coward
      Anonymous Coward

      Re: Remember - The CLOUD

      Worse still your crappy VM might be sharing a machine with someone else's crappy machine opening up new and exciting vulnerabilities :-)

  2. Fatman

    TWO mergers?

    I bet this is what those who set up this company to fail did:

    https://regmedia.co.uk/2019/06/04/mr_money_bags.jpg?x=648&y=429&crop=1

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