Cloud provider OVHcloud is in exclusive negotiations to acquire German software provider gridscale.
OVHcloud said the acquisition will allow the company to “significantly accelerate its geographical deployment, and to enter the emerging, very fast-growing market of edge computing.”
gridscale, which specialises in hyperconverged infrastructure, offers a range multi-tenant IaaS and PaaS products and services, and has an established presence in Germany, Austria, Switzerland, and the Netherlands.
The transaction is expected to close at the beginning of the 2024 fiscal year, with the management team, founders, and employees of gridscale set to join the OVHcloud workforce shortly.
“We are impressed by the solutions developed by the gridscale teams, which we will be delighted to integrate into OVHcloud,” said Michel Paulin, CEO of OVHcloud. “Our solutions and know-how are highly compatible and very complementary. The combination of our different technologies will allow us to accelerate our deployment of edge computing solutions and our geographic expansion while optimising our capital allocation.”
“Joining OVHcloud is a great opportunity for gridscale. Their know-how and global footprint will enable us to deploy and enrich our products, at scale, quickly and in accordance with our shared values. We look forward, along with the entire team, to getting to work with the OVHcloud teams and our ambitions are reinforced thanks to this trajectory now in common,” added Henrik Hasenkamp, founder, and CEO of gridscale.
OVHcloud hopes that its acquisition of gridscale will support its expansion into the edge computing market, as well as its on-premises cloud services by deploying OVHcloud products on customers’ infrastructures.
OVHcloud said it plans to open substantial new public cloud regions by 2026 in colocation data centres, prioritising new regions in major global cities.
