Coraid has officially disbanded, a company that has sold storage hardware for companies’ data centers, following reports of its demise in the past few months, according to a post on LinkedIn today from founder and chief scientist Brantley Coile.

“Sadly there is now no more Coraid,” Coile wrote. “Its assets were actioned off last week. Thanks to all the people who worked very hard on the Coraid vision of simple, fast and affordable network storage. We now go on to new and better things. Coraid is dead. Long live South Suite.”

South Suite Software is the stealthy company that Coile is working on now. Established last year, according to his LinkedIn profile.