OVHcloud Acquires ForePaaS

OVHcloud, 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 Mitsubishi Research Institute (MRI), which will be further developed in the context of this operation.

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.

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