Europe’s OVHcloud Readies Possible $4.7 Billion IPO

The Wall Street Journal2021-09-20

France-based cloud services provider aims to take advantage of the surge in demand for digital communications accelerated by the pandemic OVHcloud rents computing, storage and networking capability to...

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JS64
2021-09-20
JS64
Ok
- 杰森杰森OvO:
  👍🏻
visver
2021-09-20
visver
Nice
KK2021
2021-09-20
KK2021
Wow wow
- henghm:
  like and comment
ivy888
2021-09-20
ivy888
Like
- Financing:
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It also operates its own fiber-optic network globally that the company claims gives it a competitive edge.\nThe potential offering comes amid surging demand for web hosting and other cloud services after the coronavirus pandemic pushed businesses and consumers to accelerate the adoption of digital communication to interact.\nThe challenge and opportunity for OVHcloud, which was founded in 1999 and is formally known as OVH Groupe, will be convincing investors it has the ability to compete with industry behemoths such as Amazon.com Inc.,Microsoft Corp.’s Azure and Google Cloud, a unit of Alphabet Inc.\nLargely owned by the family of founder and chairman Octave Klaba, the company has built its own in-house server technology, including systems that run water over its processors to cool them.\nAn IPO could value OVHcloud at more than €4 billion, equivalent to $4.7 billion, some of the people said. 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In June, Amazon said that Swisscom AG, the Swiss communications and information-technology services company, selected AWS as its preferred public cloud provider for its enterprise IT.\nOverall,Amazon’s cloud infrastructure revenue totaled $26.2 billion in 2020, giving it a 40.8% share of the global market, according to Gartner Inc., a research firm.  Microsoft had the next biggest business, generating $12.7 billion for a 19.7% share of the market.\nOVHcloud has been pushing itself as a safe steward for data for European companies and governments that are concerned about the potential that U.S. authorities could access their information. European countries, in particular France and Germany, have been pushing for what they call a sovereign cloud, to give the bloc independence from the U.S. and China.\nTo help gain scale, the company has been adding to its business in the U.S. since expanding its presence there in 2017 through the acquisition of a former cloud offering of VMware Inc. In April, OVHcloud added so-called virtual private servers at its data center in Hillsboro, Ore. 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