I don't believe a single word of this - now even less
From my discussions with various people in intelligence, US resources are considered a plague rather than a cure: their help comes at a very high price, and sometimes the price is not even known until later. There is nobody at government level who can afford to trust the US, and even if they did, it would be idiotic to talk about it or let anyone else talk about it for political and intelligence reasons. The US has a nasty habit of fully ignoring sovereignty when its government officials or agencies want something, and they are not shy of blackmail.
It is not where the data lives that matters, it is who has control over it. If that is a US organisation, the whole thing is merely a bad joke. If you need any more facts, just work out revenue agains the costs of doing this right. This service is sold below cost, which suggests something else is going on.