Open Source Storage is getting back on its feet after disappearing from the industry for the last few years. Founded in 2001 by Eren Niazi and essentially a footnote in IT history by 2009, Open Source Storage has relaunched under Niazi's direction.

Niazi has chosen a good time to relaunch the company he founded more than a decade ago. Storage may be but a commodity item now, but as cloud computing continues to gain a foothold in the market, storage components are becoming increasingly important for storing and managing customer data. And open source is hot, as is cloud storage.

"We've brought back Open Source Storage at the request of the open source community and with the backing of private investors," Niazi said in a prepared statement. "Proprietary storage solutions with exorbitant licensing fees, steep hardware costs and inflexible architecture have become impractical for companies that are collecting enormous amounts of data and staking success on the development of Big Data applications. We started the open source storage movement in 2001, and we're now returning to the market with powerful technology, an accomplished team and new products that will shape the future of data storage."

The company's history revolved around open source storage solutions for the data center, and that is unlikely to change as the company gets going again under Niazi's leadership. But the market has changed, and now the company's focus will almost certainly be around the growing cloud market.

Way back when, Open Source Storage provided storage products to companies including Facebook (FB), Shutterfly, NASA, KPMG, the U.S. Army and Lockheed Martin (LMT). Chances are, it's hoping to score a few more such high-profile customers and build itself back up.

One of the reasons Niazi has relaunched his company is to provide a solution for minimizing the costs of enterprise data storage. It has "become critical given the immense growth in digital information," the company noted in its announcement, and through the use of open source software and hardware, Open Source Storage stated it can reduce typical costs of data ownership by 30 percent to 40 percent.