Thanks to Jon’s comment I have heard that another Livedrive reseller, BeeCloud.eu, has closed down! They are just the latest Livedrive reseller to close down after the Backify disaster last fall. BeeCloud.eu had a similar business model of offering 512GB free accounts as Backify. Perhaps this shows that offering huge amounts of storage for free is not a reliable business model.
According to the BeeCloud.eu website they are going to relaunch offering Online Backup News.