France-headquartered OVHcloud, one of the world’s largest (cloud) hosting providers with more than 400,000 dedicated servers under management in over 30 data centers across 4 continents, is preparing for an initial public offering (IPO) on Euronext Paris with a goal of accelerating its growth.
Founded by Octave Klaba in 1999 and led by its CEO Michel Paulin, OVHcloud revenues reached €632 million in 2020 while EBITDA was €255 million. With more than 2,400 people employed, the company’s revenues have been growing at an average annual rate of over 20% in the last 10 years. OVHcloud also successfully pursued its international expansion strategy, with sales outside France representing circa. 50% of total sales in 2020.
OVHcloud is ready to embark on a new phase of rapid expansion and has chosen to prepare for an initial public offering (IPO) on Euronext Paris, subject to market circumstances and the acceptance of the offering documents by the Autorité des marchés financiers.
Following the proposed IPO, the Klaba family will retain a controlling share in OVHcloud.
Manufacturing its Own Servers
The transaction should allow OVHcloud to accelerate its growth trajectory, provide enhanced commercial services based on technical solutions adapted to new cloud usages, and cement its leading position in Europe while expanding in the Americas and Asia.OVHcloud has operated a vertically integrated approach from its beginning, allowing it to maintain complete control over the value chain while delivering “market-leading” performance, pricing predictability, full flexibility, and scalability. OVHcloud envisions itself to be a pioneer in sustainable cloud, with a track record of innovation in environmentally friendly technology thanks to its initial approach of designing and manufacturing its own servers.
As a cloud hosting provider, OVHcloud intends to create new products that will allow it to better meet the demands of enterprise and international clients, while also continuing to provide solutions to meet the rising need for hybrid cloud and multi-cloud environments. Through its open-source, reversible, and interoperable offering, OVHcloud says it is also well positioned to meet the growing need from private and public institutions for safe and sovereign cloud solutions.
OVHcloud has promoted a sustainable innovation strategy since its inception, with the development of environmentally responsible technologies such as patented water-based server cooling, which was first introduced in 2003, and the implementation of circular economy practices with server reconditioning. OVHcloud is dedicated to becoming carbon neutral by 2025 and to attaining a net zero emissions objective by 2030.