€250m for OVH

French cloudy concern OVH has scooped €250m of investment from private equity outfit KKR and TowerBrook Capital Partners.

The money will help OVH build its first US data centre and, according to CEO Laurent Allard "This capital increase will allow us to invest €1.5 billion over 5 years."

"The aim is to provide ourselves with the means to consolidate our leading position in Europe and become a key global player in the cloud market."

OVH already has a million customers running on 250,000 servers spread across 17 data centres in France and Canada. The company has signalled its intentions to enter another ten or more markets. ®