OVHcloud Raises €400 Million to Support its Strategic Development
OVHcloud Raises €400 Million to Support its Strategic Development
RESTON, VA – June 29 - 2017 - As a result of OVHcloud’s sustained growth since its creation in 1999, the group received support from its banking pool in the form of a €400 million RCF line of credit.
Today, OVHcloud has 270,000 servers deployed within 20 data centers across five countries in North America, Europe, and Asia Pacific. The group delivers its cloud services (private, public, and hybrid) to more than one million customers worldwide and generated revenues of close to €400 million in 2016/2017.
This new investment will permit OVHcloud to follow its global expansion strategy, which began in autumn 2016 with the entry of KKR and Towerbrook to its capital with a €250 million investment. The European cloud leader had announced an ambitious development and investment plan, worth €1.5 billion.
The group has already begun the execution of this global expansion plan, notably with the opening of data centers in new geographical zones: a total of three data centers are now located in Australia, Singapore, and Poland, with a fourth and a fifth under construction in Germany and the United Kingdom. In the United States, where OVHcloud launched a new company in 2017, two additional data centers will also be available soon.
Nicolas Boyer, Chief Financial Officer of the OVHcloud group, indicated: “This new financing provides us with an increasingly robust banking pool, renewing its confidence in the group's international strategy and positioning. In addition, the entry of US investment bank JP Morgan into this pool reflects our position as a global player in cloud computing. We will continue to implement our strategic plan through international deployment, consolidation of our position in the digital market, acceleration of our growth among enterprise customers, and reinforcement and structuring of our organization to take full advantage of market opportunities.”
Société Générale Corporate & Investment Banking has accompanied OVHcloud since 2014 and acted as Coordinator and Documentation Agent. The Mandated Lead Arrangers and Bookrunners of the syndicated loan were BNP Paribas, Groupe Crédit Agricole, HSBC France, and Société Générale Corporate & Investment Banking. The participants were JPMorgan Chase Bank N.A. (Paris Branch), CIC Nord Ouest, and Banque Commerciale du Marché Nord Europe.
Contact: Lorine Schieber lorine.schieber@corp.ovh.com
About OVHcloud US
OVHcloud US is an open cloud infrastructure provider built on a simple principle: the cloud should make organizations more agile without forcing a trade-off on cost, control or the freedom to move workloads where they belong. The company delivers high-performance infrastructure with transparent, predictable pricing and no lock-in for organizations in the United States and around the world. Its portfolio spans Bare Metal Cloud, Hosted Private Cloud and Public Cloud — three environments customers can mix and interconnect into a single hybrid whole, scaling across them while retaining full control of their technology choices, with regional security, compliance and data residency available where required. OVHcloud US draws on the global network of OVHcloud, a global cloud player and the European cloud leader, which operates 46 data centers worldwide serving 1.6 million customers in more than 140 countries across four continents. Backed by that scale and more than 25 years of integrated infrastructure expertise, OVHcloud US gives organizations the freedom to innovate, operate with confidence and scale on their own terms.
Media Contact
Megan Yunker
OVHcloud US
media@us.ovhcloud.com
https://us.ovhcloud.com/