gridscale, a leading German platform provider for hyperconverged infrastructures is getting acquired by French cloud computing company OVHcloud. Clipperton is acting as sole financial advisor. With its market-leading hyperconverged infrastructure PaaS solution, gridscale will add mission-critical capabilities to OVHcloud’s public cloud business and expedite its pan-European growth path.
Founded in 2014, gridscale has emerged as a leading platform for hyperconverged infrastructures and data-sovereign European public cloud solutions. With its team of more than 50 cloud experts, gridscale has built a uniquely powerful software platform to manage and run hyperconverged cloud infrastructures; this platform is provided as a software to large-scale data center providers and as a public cloud service ’Made in Germany’ to European enterprise and managed services clients. The company is based in Cologne and led by its founding team.
OVHcloud is the leading European cloud provider, operating 450,000 servers in 37 data centers on four continents, serving 1.6 million clients across 140 countries. Through the deployment of gridscale’s hyperconverged infrastructure platform, OVHcloud will gain a significant competitive advantage in the public cloud market and grow in a more agile and flexible way while having better control of its investments.
For gridscale, this transaction will result in a faster and broader development, an acceleration of its time-to-market cycles, and a vast expansion of its geographical footprint. The transaction is expected to close at the beginning of OVHcloud’s 2024 financial year and will have no impact on the 2023 financial year.
This deal also illustrates Clipperton’s strong track record in executing transactions on behalf of European infrastructure software companies with strategic acquirers – including Smartlook’s recent sale to Cisco [NASDAQ:CSCO], Gandi’s recent sale to Total Webhosting Solutions and Dan.com’s recent sale to GoDaddy [NYSE:GDDY]. The acquisition marks the fourth transaction in 2023 that has been led by Clipperton’s German team.
