Nexustorage

In Founder Focus we introduce entrepreneurs and innovators working on our next generation of new business startups, social enterprises and small businesses.

At a glance

Founder: Glen Olsen

Business: Nexustorage

Founded: 2021

HQ: Wellington

Can you tell us a bit about your business?

Information is, for most businesses, a critical asset often undervalued and under-protected. Companies frequently struggle with survival after the information is lost or compromised. Today, hackers stealing or preventing access to sensitive data and then ransoming an enterprise has become an anxiety for many.

As the amount of information created grows daily, that data must be readily available and protected. Information is often of the highest value when new; its value may diminish over time. Compounding the storage problem is that nobody likes to delete information which can be valuable for months or even years after it was collected. Other information has little intangible value, but the enterprise must legally retain and protect it for many years.

Cloud storage was the promised answer; unfortunately, obscured costs can make it excessively expensive, with enterprises actively returning much of that data to their data centres.

Nexustorage, an enterprise-ready storage solution, specialises in the management and intelligent lifecycle of information, ensuring the data is protected, available and automatically stored on the most cost-effective medium. When the data has exceeded its practical life, Nexustorage will ensure that data is removed and then no longer a financial burden or security concern.

What’s the backstory for your business idea?

I have always advocated the value of data, data storage, data protection, and the information lifecycle. I expected these concepts to be combined into a single product offering, replacing the current model of purchasing multiple expensive products. With the introduction of lower-cost object/cloud storage, massive data storage capacity with integrated data protection has become a reality.

However, it is too slow or incompatible with many applications that rely on traditional storage methods while unsuitable for structured and block-style workloads. While previously working as a product manager tasked with ‘bridging the gap’ between the techniques, I realised the methods used at the time had failed. I identified the solution was in uniting technologies through deep integration (Nexus); further, it was time to add integrated lifecycle management and data protection. Nexustorage was born.

What programmes, learning or mentoring have been of assistance so far?

Over the years, I have had some incredible mentors at companies I have worked. They invested their time in me, encouraging me and building my confidence.

A few years ago, I took the opportunity to take time out and complete a long-term personal goal of achieving an MBA in management and sustainability. That process allowed me to step back, evaluate myself, understand my priorities and qualms, and generally self-improve.
Nexustorage was successful in being granted General Approval for the Research and Development Tax Incentive (RDTI).
Nexustorage is a member of the Kapiti Economic Development Association. KEDA supports innovation and growth businesses on the Kapiti Coast.
CRN recognised Nexustorage as one of the top 10 hottest data storage startups of 2022, creating fantastic exposure and a massive morale boost for everyone involved with Nexustorage.