OVHcloud has announced that it has entered into exclusive negotiations for the acquisition of 100% of the German company gridscale, the originator of a software platform specialized in hyper-converged infrastructures.

This acquisition, which is expected to be finalized at the beginning of fiscal year 2024, would enable OVHcloud to 'significantly accelerate its geographic deployment, and enter the recent and very fast-growing Edge Computing market'.

gridscale offers an innovative range of multi-tenant IaaS and PaaS products and services, with a significant competitive advantage in its 'ability to rapidly deploy a Public Cloud environment on an infrastructure of limited size'.

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