In today's Federal News Radio

<snip>The Labor Department and the General Services Administration will
spend more than $23.5 million to rescue systems and data from a key vendor
going bankrupt.

Global Computer Enterprises runs Labor's and the Equal Employment
Opportunity Commission's financial management systems in the cloud. But GCE
filed Sept. 4 for bankruptcy protection under Chapter 11 in the U.S.
Bankruptcy Court in the Eastern District, Alexandria, Virginia.<snip>
This is a perfect example of why before procuring cloud services an
organization needs to conduct a full vendor assessment (both financial and
technical), spell out who owns the data and develop a contingency plan in
the event the vendor goes belly up.

http://www.federalnewsradio.com/?nid=1228&sid=3697202

Bruce White, CRM, PMP
Virginia Beach, VA
e-mail: [log in to unmask]
LinkedIn:  http://www.linkedin.com/in/bblanco


*"Life is like riding a bicycle. To keep your balance you must keep
moving." -- Albert Einstein*

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