Provider of multicloud and edge computing solutions founded in 2014 in Germany, gridscale and its collaborators will integrate the French OVHcloud during the fiscal year 2024. The company announces its acquisition in a press release.
Exclusive negotiations have been opened between the two European cloud players for the takeover of 100% of the capital. By setting its sights on gridscale and its software platform dedicated to hyperconverged infrastructures, OVHcloud is pursuing two main objectives.
Competitive advantage: the speed of deployment of the edge in public cloud
It is thus for the company “to significantly accelerate its geographical deployment”, but also to gain a foothold in an emerging market and “in very strong growth”, namely that of Edge Computing.
Edge is about positioning servers, processors, and data storage units as close as possible to those who can make the best use of them, at the edge of the network. A network designed for edge use leverages this minimal distance to accelerate service and drive value.
“One of gridscale’s significant competitive advantages lies in its ability to rapidly deploy a Public Cloud environment on a limited-size infrastructure”, underlines the French supplier.
By associating these technological assets with its own solutions, OVHcloud thus plans “to grow in the Public Cloud market in a more agile, more flexible way while having better control of investments.”
An edge computing offer quickly
The company founded by Octave Klaba adds that this acquisition meets three key challenges: the implementation of an ambitious growth strategy in the Edge Computing market; the extension of on-premise cloud services; the acceleration of international deployment within the framework of a controlled investment trajectory.
Gridscale’s management team and employees “will soon join the OVHcloud workforce.” This rapprochement must result in a pooling of skills and products.
OVH hopes to be able to quickly offer its customers “a fully integrated Edge Computing offer” to its existing products. The edge offer will be “consumable thanks to existing APIs.” The completion of the acquisition is scheduled for early 2024, with no impact on the 2023 fiscal year.
“Our products and know-how are compatible and very complementary. The combination of our different technologies will allow us to accelerate our deployment in Edge Computing and our geographic expansion while optimizing our capital allocation”, comments the CEO of OVHcloud, Michel Pauline.