Welcome letter from the Chairman and the CEO

Dear all,

We are pleased to welcome you to this website dedicated to the IPO of OVHcloud, the leading European cloud provider.

Founded in 1999, OVHcloud provides business customers with a comprehensive suite of solutions designed to capture growing demand for multi-cloud and hybrid cloud strategies, in a rapidly growing market, driven by the substantial and proven benefits of outsourced cloud computing.

The digital world around us is changing at an exponential rate. Data is everywhere and is reimagining how businesses, governments, and communities live, work and connect. Studies show that the global cloud market has been growing at a compound annual rate of over 20% since 2017[1], and its growth rate is expected to accelerate. In parallel, we also see a surging demand for data sovereignty as European regulation and public opinion pressure companies to guarantee the use and protection of personal data.

This digital shift presents a tremendous opportunity to build an open, trusted and sustainable cloud.

At OVHcloud, we believe that open ecosystems and standards foster innovation, keep decision-makers, entrepreneurs and users in control of their data, and provide customers with the freedom to choose. With these values at the core of our business model, OVHcloud is ideally positioned to meet this growing demand for secure and trusted cloud solutions.

As the leading Europe-based cloud services provider, OVHcloud leverages an integrated model that provides full control of its value chain. This unique approach enables us to cover, independently, the full spectrum of use cases for our 1.6 million customers[2] across the world, from SMBs, large and tech enterprises to the public sector.  With our original strategy to design and manufacture our own servers, OVHcloud is a pioneer in sustainable cloud, with a steady track-record of innovation in eco-friendly technology and ambitious targets going forward.

Our model and values not only differentiate us, they also deliver strong, sustainable and profitable growth. Our track record speaks for us: Group revenues grew at a compound annual rate of over 20% in the last 10 fiscal years, and we have consistently generated profits through our operations[3]. We also successfully pursued our international expansion strategy initiated as early as 2012, with sales outside France representing circa. 50% of total sales in FY2020.

We are now at a turning point of our history and ready to kick-start a new phase of accelerated growth.  An IPO on Euronext Paris would enable OVHcloud to:

  • consolidate its position as the leading, pure play, scaled European cloud champion,
  • deploy strengthened commercial services based on technological solutions tailored to new cloud usages and,
  • continue the Group’s expansion, in particular in the Americas and Asia.  

Our 2,400 employees and 350 partners are committed to bringing secure, trusted, open and sustainable cloud solutions to everyone around the world.

We look forward to starting this exciting journey.


Octave Klaba, Founder and Chairman
Michel Paulin, CEO



[1] Sources: IDC, Gartner, Forrester, Company-commissioned studies.

[2] Number of customers who generated revenue at least once in FY2020.

[3] Profit generation is understood at the level of the current EBITDA margin.