Mozy Changes Backup Plans and Pricing

Mozy sent me an email this morning, which I'm sure went out to all their customers, outlining new pricing plans. According to the email, MozyHome Unlimited has been discontinued, and they are moving to a tiered storage structure:

50GB of storage for $5.99 a month for one computer.
125GB of storage for for $9.99 a month for up to 3 computers.

Not having an unlimited plan will force some to rethink what they backup. Most will probably fall into the 50GB plan, but with hard drives reaching the terabyte range, full hard drive backups will cost considerably more.

Mozy competitor Carbonite.com still has an unlimited plan which only costs $4.57 a month. I wonder if the move by Mozy will signal their competitors to follow suite, or keep plans and pricing the same.

Do you use Mozy? What has your experience been? I've used Mozy for a long time, and they have been 100% reliable. I've never had a problem backing up or restoring.

Update: Several people reminded me today that they have terabytes of data backed up on Mozy. After calculating the costs, yeah, it skyrocketed for sure. For example, if you have 1 Terabyte of data backed up on Mozy, your looking at something like $110 a month now up from basically $5.

• 1TB of backed up date - 125GB of alloted backup space = 975GB of storage not covered under the high end plan
• 975GB / 20GB = roughly 50 20GB block of storage that you must pay for each month
• 50 20GB blocks * $2.00 a month = $100 per month
• $9.99 monthly cost + $100 overage cost per month = $110
• That looks like a +/- 95% increase in cost

My math could be wrong, and if it is, I apologize, love to have someone gently correct me.

I wonder how many others have that much data backed up on Mozy. At $5 for a terabyte, I wonder if they were losing money. I think businesses should make money. And if this is what it takes for Mozy to make money, then I'm all for it. I just know several people who are looking for cheaper solutions now.