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 a subsidiary of OVHcloud, a global cloud provider that specializes in delivering industry-leading performance and cost-effective solutions to better manage, secure, and scale data. OVHcloud US delivers bare metal servers, hosted private cloud, and hybrid and public cloud solutions, and was recognized as a "Strong performer" in Forrester's Hosted Private Cloud Services in North America (2Q2020) and as a "Contender" in the IDC Worldwide Public Cloud as a Service Vendor Assessment (2020). OVHcloud manages 32 data centers across 12 sites on four continents, manufactures its own servers, builds its own data centers, and deploys its own fiber-optic global network to achieve maximum efficiency. Through the OVHcloud spirit of challenging the status quo, the company brings freedom, security, and innovation to solve data challenges – today and tomorrow. With a 21-year heritage, OVHcloud is committed to developing responsible technology and strives to be the driving force behind the next cloud evolution. us.ovhcloud.com.
Media Contact
Karen Kokiko
OVHcloud US
(703) 582-7504 (m)
karen.kokiko@us.ovhcloud.com
https://us.ovhcloud.com