India's Budget 2025-26 cOVEAGE
Presented by:
spot_img

OVHcloud To Acquire Edge Computing Company Gridscale

Date:

Trending

OVHcloud, the leading European cloud provider, has announced its plans to acquire Gridscale, a German-based hyper-converged infrastructure software provider.

- Advertisement -

The acquisition is expected to be finalized at the beginning of the 2024 fiscal year and will not affect the 2023 fiscal year.

With Gridscale’s strong presence in Germany, Austria, Switzerland, and the Netherlands, the acquisition will provide OVHcloud with a competitive edge in the Public Cloud market, offering customers more agile and flexible solutions.

- Advertisement -

OVHcloud also plans to expand on-premises cloud services by offering its products to customers’ infrastructures. This move caters to the most demanding use cases concerning data residency or local data processing.

“Customers who wish to retain ownership of their infrastructure will now benefit from cloud-native functionalities and the extensive portfolio of 80 IaaS and PaaS solutions provided by OVHcloud,” the company said.

Moreover, this acquisition will allow OVHcloud to accelerate international deployment while carefully managing its investment trajectory. The company intends to open numerous new Public Cloud regions by 2026, strategically situated in colocation data centers.

This expansion will be carried out with limited investments, in line with the company’s revenue growth strategy.

“OVHcloud’s first focus will be on establishing new regions in major global cities, with plans to implement the multi-AZ (Availability Zones) model rapidly in select regions, all while keeping investments in check,” the statement further added.

As part of the acquisition, Gridscale’s management team, founders, and employees will join the OVHcloud workforce. This pooling of skills and products is expected to expedite the development of fully integrated Edge Computing capacity into OVHcloud’s existing product offerings. The new offering will be consumable through existing APIs, ensuring a consistent user experience for customers.

Commenting on the acquisition, OVHcloud CEO Michel Paulin said, “We are impressed by the solutions developed by the Gridscale teams, which we will integrate into OVHcloud. Our solutions and know-how are highly compatible and complementary. The combination of our different technologies will allow us to accelerate our deployment of Edge Computing solutions and our geographical expansion while optimizing our capital allocation.”

Further talking about the development, Henrik Hasenkamp, founder, and CEO of Gridscale said, “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 by our shared values. We look forward, along with the entire team, to working with the OVHcloud teams, and our ambitions are reinforced thanks to this trajectory now in common.”

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

Preparing Your Staff To Host A Successful Business Event In Another City

A business event, a convention, and exhibition, a trade show - all of these alternatives, similar as they are, can be truly significant for...

TradeFT Review: Comprehensive Platform Overview 2025

The financial markets are abuzz with some pretty exciting developments as 2025 gets underway, particularly in the world of cryptocurrencies. Not long ago, Bitcoin broke through the $100,000 barrier prelude to a new beginning of growth and possibility for investors. In this exciting environment,...

Income Tax Slabs Revised in Budget 2025-26: Experts Applaud Relief for Salaried Class, VDA Taxation Still a Concern

With income tax exemption raised to ₹12.75 lakh and revisions in tax slabs, the...

Union Budget 2025-26: MSME Leaders Back Investment Limit Hike, Call E-Shram Expansion Crucial

The MSME sector has responded positively to the Union Budget 2025-26, with experts highlighting...

Union Budget 2025-26 Reactions: Education Sector Applauds AI, Skilling Initiatives but Flags Funding Gaps

India’s education sector leaders have responded to the Union Budget 2025-26 with optimism and...

Union Budget 2025: India’s AI Budget Allocation Stirs Mixed Reactions

India’s Finance Minister Nirmala Sitharaman's announcement of a ₹500 crore fund for a Centre...

Union Budget 2025: Medical Education Seats Increased by 130% in 10 Years; 10,000 More to Be Added

Education sector Budget LIVE: Presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman announced...

Union Budget 2025: Kisan Credit Card Loan Limit Increased to ₹5 Lakh Under Modified Interest Subvention Scheme

Finance Minister Nirmala Sitharaman, in her Union Budget 2025-26 speech, announced an increase in...

From GCC & AI to DeepTech Investments: How Tech Experts React to the Union Budget 2025

Finance Minister Nirmala Sitharaman’s Union Budget 2025-26 has drawn mixed reactions from technology industry leaders, particularly on the government’s push for deep tech and...

Union Budget 2025: IIT Student Strength Doubles, ₹500 Crore AI Education Center Announced

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26 in Parliament today, outlined...

Union Budget 2025 LIVE: FM Sitharaman Announces Reforms in Finance Sector; Increases FDI Limit to 100%

Finance Minister Nirmala Sitharaman, while presenting the Union Budget for 2025-26 in Parliament today,...

Budget 2025 Expectations: Education Sector Call for Investment in Education Infrastructure and Support for Skill Training

With the Union Budget 2025 on the horizon, the education and skill development sector...

AI in Skill Development: What Budget 2025 Should Do to Close the Workforce Skills Gap

India, with its vast pool of young talent, faces a significant challenge: a widening...

Union Budget 2025 Expectations: Hospitality Sector Urges Budget Support for Tourism Growth and Workforce Development

With the Union Budget 2025 on the horizon, hospitality sector leaders are calling for stronger government support to fuel tourism growth. Industry voices highlight...

Cash out Tether USDT to Renminbi in Guangzhou

If you need to quickly and safely Cash out Tether USDT to Renminbi in Guangzhou, then it is best to use the services of electronic exchangers. They provide more convenient, more profitable and safer ways of exchange than alternative methods such as transfers through...

Union Budget 2025 Expectations: Insurance Sector Eyes Tax Incentives, Sops to Expand Health Insurance Reach

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025 on February...

Union Budget 2025: Farming, Agriculture Sector Pushes for Greater Subsidies, Policy Support

With Union Budget 2025 just days away, the agriculture sector is vouching for a...

Gaming Industry Eyes Budget 2025 for Relief on GST and Boosted AVGC Support

With the Union Budget just days away, the gaming sector is growing hopeful that...

Budget 2025: Tax Reforms, Infrastructure Financing, and NBFC Support Top Budget Wishlist

As Budget 2025 approaches, experts from the NBFC, finance, and business sectors are voicing...

Adoption of Low Code Platforms by MSMEs for Operational Efficiency of Their Supply Chains

Micro, small, and medium enterprises are the backbone of the world and account for...

Krikya Bangladesh Casino App Review

The Krikya app delivers a seamless and engaging mobile gambling experience for users of...

Union Budget 2025 Expectations: Housing, Real Estate Sector Call for Middle-Class Relief and Affordable Housing Revival

With just days to go before the Union Budget 2025, leaders from the real...

Luck vs. Strategy: Spinstralia’s Guide to Smarter Gaming for Australians

Online betting has always been a thrilling activity for Australians, a pastime that blends...

EV Sector Call for 5% GST, ITC Reforms, and Enhanced PLI in Budget 2025

As the date for the Union Budget 2025 draws near, the electric vehicle (EV)...

Budget 2025 Expectations: Education Sector Call for Investment in Education Infrastructure and Support for Skill Training

With the Union Budget 2025 on the horizon, the education and skill development sector...

Budget 2025: Pre-Owned Car Market Requests Financing Reforms, Auto Industry Looks for GST Clarity

With the Union Budget just days away, the auto sector is hoping for game-changing...

Budget 2025 Expectations: Semiconductor Industry Looks for Support to Boost Domestic Manufacturing, Incentives, and Innovation Investment

As India's Union Budget 2025 approaches, the semiconductor manufacturing sector is seeking measures to...

BUDGET 2025: Sustainability Sector Hopes for Strong Budget Support to Drive Clean Energy and Circular Economy

As the Union Budget 2025 draws near, expectations are building in the sustainable and...

Solar, Renewable Sector Expects Tax Breaks, Subsidies for BESS & Solar Financing Reform From Budget 2025

As Union Budget 2025 approaches, renewable energy leaders are urging Finance Minister Nirmala Sitharaman...

AI in Skill Development: What Budget 2025 Should Do to Close the Workforce Skills Gap

India, with its vast pool of young talent, faces a significant challenge: a widening...

Luck vs. Strategy: Spinstralia’s Guide to Smarter Gaming for Australians

Online betting has always been a thrilling activity for Australians, a pastime that blends...

REVIEW: PokieSurf Casino Mobile Gaming Experience

If you’re chasing the thrill of online casino no deposit bonus free spins Australia,...

EV Sector Call for 5% GST, ITC Reforms, and Enhanced PLI in Budget 2025

As the date for the Union Budget 2025 draws near, the electric vehicle (EV)...