With the acquisition of ForePaaS, OVHcloud strengthens its capabilities to cover the entire data value-chain and increase its portfolio of Platform as a Service (PaaS) solutions
21 Avril 2022 - 8:00AM
Business Wire
Regulatory News:
OVHcloud (Paris:OVH), the European leader in cloud computing,
announces that it has acquired ForePaaS, a unified platform
specializing in data analytics, machine learning, and artificial
intelligence projects for businesses. The 23 employees of the
ForePaaS teams as well as its founders are joining the Group's
ranks as of today, to jointly build a set of solutions that will
actively contribute to the deployment of OVHcloud's growth
acceleration strategy by enriching its Platform as a Service (PaaS)
offering.
Since inception in 2015, ForePaaS has distinguished itself with
key accounts thanks to its integrated solution that allows to
initiate, simplify, and accelerate the implementation of machine
learning and data analytics projects. The ForePaaS suite addresses
a very wide range of use cases to fully manage the data value-chain
and create critical applications based on data for analysis,
business intelligence and optimization of existing processes.
The ease of use and deployment of the ForePaaS solution has
enabled the company to quickly develop an international customer
base. In Europe, its expertise has been adopted by Klépierre and
Gefco. In Asia, ForePaaS has notably entered a strong partnership
with the Mistubishi Research Institute (MRI), which will be further
developed in the context of this operation.
"By acquiring ForePaaS, we are endowing ourselves with an expert
team that will complete the spectrum of OVHcloud's competencies to
fast-track the delivery of an expanded portfolio of development
environments in the Platform as a Service (PaaS) segment. This
acquisition of technology bricks and skills will allow us to serve
an increasing breadth of use cases for our clients who are looking
for agile solutions to facilitate their adoption of the cloud and
give them full control over the lifecycle of their data," explains
Thierry Souche, CTO of OVHcloud.
Since our inception in 2015, we have been working hard to
fulfill a vision, one where companies would be able to create and
manage their own AI and Data analytics Factory simply and
autonomously. OVHcloud quickly became a trusted partner for
deploying our solutions. Today, I am delighted with this alliance
which will allow us, to jointly provide companies with a new
generation of platforms for the large-scale deployment of their
critical applications," says Paul Sinaï, CEO of
ForePaaS.
This additional expertise will ultimately be integrated into the
development environments that OVHcloud delivers to its 1.6 million
customers worldwide. Building on a unified roadmap, developers will
be provided with a complete suite of solutions to address the
entire data value chain, from storage to database administration to
artificial intelligence algorithms. The technical bricks of the
ForePaaS analytics platform will thus be at the heart of OVHcloud's
value proposition in the Platform as a Service segment.
These new solutions will be fully integrated into OVHcloud's
value proposition, which aims at providing technologies with the
best price-performance ratio in an open, reversible, predictable,
and transparent environment.
In line with the recent
acquisitions of OpenIO, Exten Technologies and BuyDRM, OVHcloud
will pursue its strategy of targeted acquisitions to accelerate the
deployment of PaaS solutions on an open and trusted infrastructure
that provides unfettered sovereignty over data. To date, OVHcloud
offers a catalog of more than 70 PaaS solutions and plans to expand
it to 80 by the end of August 2022.
About OVHcloud
OVHcloud is a global player and Europe’s leading cloud provider
operating over 400,000 servers within 33 data centres across four
continents. For over 20 years, the Group has relied on an
integrated model that provides complete control of its value chain:
from the design of its servers to the construction and management
of its data centres, including the orchestration of its fibre-optic
network. This unique approach allows it to independently cover all
the uses of its 1.6 million customers in more than 140 countries.
OVHcloud now offers latest generation solutions combining
performance, price predictability and total sovereignty over their
data to support their growth in complete freedom.
https://corporate.ovhcloud.com/en/
About ForePaaS
Founded in 2015, ForePaaS publishes a platform that simplifies
and accelerates companies' transition to AI-powered, enabling their
teams to collaborate on getting their AI applications into
production quickly. Through an integrated and automated
environment, different skill sets come together to build and deploy
their AI applications quickly, robustly, and securely on leading
U.S. and European public cloud solutions. ForePaaS is used in
production by numerous small and medium-sized companies and large
corporations such as Takenaka, ClassNK, Klépierre, and Les Cinémas
Pathé-Gaumont. Based in Paris and San Francisco, the company raised
a $10 million Series A funding round in late 2017 from Elaia
Partners, Hi Inov, and Calao Finance.
For more information: www.forepaas.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220420006139/en/
Media Relations Marie Vaillaud Communications and
PR Manager media@ovhcloud.com + 33 (0)6 49 32 74 02
Investors Relations Marisa Baldo Head of Financial
Communications investor.relations@ovhcloud.com + 33 (0)6 62 75 63
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