French cloud provider OVHcloud sets sights on expanding in Asia-Pacific

FRENCH cloud services provider OVHcloud is ramping up its investments in the Asia-Pacific to cater to the region as the pandemic forces companies to kick digitalisation into high gear.

The Asia-Pacific presently accounts for 3 per cent of turnover for OVHcloud - which was listed on the Paris stock exchange in October - but chief executive Michel Paulin sees that figure roughly doubling to over 5 per cent within the next 3 to 4 years. The company has sales offices and data centres across Europe, North America and Asia-Pacific.

In a virtual interview with The Business Times, Paulin said: "We are growing at roughly 20 per cent per year over the last 10 years. We are very strong in Europe, and now we have decided to invest in North America and in Asia. Asia, for us, is very important."