OVHcloud to acquire edge computing specialist Gridscale

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Last update at :2024-03-24,Edit by888u

OVHcloud announced that it will fully acquire the German company Gridscale, a software provider specializing in hyper-converged infrastructure, bringing another important step to OVHcloud, the European cloud computing leader. milestone. This strategic acquisition will enable OVHcloud Group to significantly accelerate its geographic deployment and enter the emerging, high-growth edge computing market.

Gridscale provides innovative multi-tenant IaaS and PaaS products and services. The company has a solid reputation primarily in Germany, Austria, Switzerland and the Netherlands and can rapidly deploy public cloud environments on limited infrastructure, which gives it a significant competitive advantage. Combining OVHcloud’s rich solution portfolio will allow the Group to grow in the public cloud market in a more agile and flexible manner and to have better control over its investments.

Gridscale’s acquisition addresses three key challenges facing OVHcloud:

  • Implementing ambitious growth strategies in the edge computing market: Edge computing infrastructure models are ideal for use cases with lower latency requirements and those that require compliance with industry regulatory requirements such as healthcare, financial services, and government.
  • Expand local cloud services by deploying OVHcloud products on customer infrastructure. Therefore, for customers with the most demanding requirements in terms of data storage location or on-premises data processing, those who wish to retain ownership of their infrastructure will be able to benefit from capabilities combined with cloud-native capabilities and the benefits of OVHcloud’s 80 IaaS and PaaS solutions. Rich choices.
  • Accelerate the group's international deployment while maintaining a controlled investment trajectory. Therefore, OVHcloud plans to open many new public cloud regions in partner data centers by 2026, achieving limited investment and in line with revenue growth. OVHcloud first plans to open new regions in major cities around the world. Additionally, in some regions, multi-AZ (availability zone) models can be implemented quickly with limited investment.
  • Gridscale's management team, founders and all employees will soon join the OVHcloud team, and the sharing of skills and products will enable customers to quickly be fully integrated into the OVHcloud product edge computing capabilities. This new offering will enable consumability through existing APIs and provide customers with a unified user experience.

    The transaction is expected to close in early fiscal 2024 and will not have an impact on fiscal 2023.

    "We are very impressed with the solution developed by the Gridscale team and we are excited to integrate it into OVHcloud. Our solutions and expertise are highly compatible and complementary. Will be different The combination of technologies will allow us to accelerate the deployment of edge computing solutions while optimizing capital allocation and driving geographic expansion.” - Michel Paulin, CEO of OVHcloud.

    "Joining OVHcloud is a tremendous opportunity for Gridscale. Their expertise and global reach will allow us to rapidly deploy and enrich our offerings at scale, while Staying true to our shared values. We look forward to working with the entire OVHcloud team as our shared goals are strengthened.” - Henrik Hasenkamp, ​​founder and CEO of Gridscale.

    About OVHcloud: OVHcloud is a leading European cloud computing provider, operating more than 450,000 servers in 37 data centers on 4 continents, covering more than 140 countries 1.6 million customers in countries. The group is known for reliable cloud computing and sustainable cloud computing with the best price/performance ratio, leveraging an integrated model for more than 20 years, ensuring full control of the value chain: from server design to the construction and management of data centers, and Orchestration of fiber optic networks. This unique approach enables OVHcloud to independently cover all of its clients’ needs so that they can take advantage of the eco-friendly model, use resources wisely, and achieve the best carbon footprint ratio in the industry. OVHcloud now offers the latest generation of solutions that combine high performance, predictable pricing and complete data sovereignty to support customers' unlimited growth.

    About Gridscale: Cologne-based technology provider Gridscale delivers intuitive, flexible multi-cloud and edge computing solutions to deliver hyperconverged IT infrastructure to enterprises and data center operators plug-and-play environment. Customers can decide where their secure and sovereign data is processed. Additionally, Gridscale technology allows scaling to connected public cloud environments as needed, such as for less sensitive workloads. Gridscale is managed by founders and managing directors Henrik Hasenkamp and Marc Dittmann.

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    OVHcloud to acquire edge computing specialist Gridscale

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