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French hosting company OVH raises EUR 250 million
2016-08-15 12:24:00| Telecompaper Headlines
(Telecompaper) OVH has raised nearly EUR 250 million from US investors KKR & Co and Towerbrook, reports Le Figaro, valuing the business at over EUR 1 billion. OVH's co-founder Octave Klaba said that the two partners will help OVH to pass its target of EUR 1 billion in turnover within four to five years. The company's revenue was in the region of EUR 250 million in 2015. While the details of the investment have not been revealed, OVH has confirmed plans to continue its international expansion, particularly in the US.
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Category:Telecommunications
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