OVHcloud ramps up big plans with ForePaaS acquisition
OVHcloud has acquired ForePaaS, a unified platform specialising in data analytics, machine learning and artificial intelligence projects for businesses.
The 23 employees of the ForePaaS teams, as well as its founders, are joining the Group's ranks. The expanded team will have a shared mission of building a set of solutions that will enrich OVHcloud's Platform-as-a-Service (PaaS) offering, and in doing so contribute to the deployment of the company's growth strategy.
Since inception in 2015, ForePaaS has grown in size and reputation with its integrated solution that allows users to initiate, simplify and accelerate the implementation of machine learning and data analytics projects.
The ForePaaS suite is designed to address a very wide range of use cases to fully manage the data value-chain and create critical applications based on data for analysis, business intelligence and optimisation of existing processes.
According to a statement, the ease of use and deployment of the ForePaaS solution has enabled the company to quickly develop an international customer base.
In Asia, ForePaaS has notably entered a strong partnership with the Mitsubishi Research Institute (MRI), which will be further developed in the context of this operation.
OVHcloud CTO Thierry Souche says, "By acquiring ForePaaS, we are endowing ourselves with an expert team that will complete the spectrum of OVHcloud's competencies to fast-track the delivery of an expanded portfolio of development environments in the Platform as a Service (PaaS) segment.
"This acquisition of technology bricks and skills will allow us to serve an increasing breadth of use cases for our clients who are looking for agile solutions to facilitate their adoption of the cloud and give them full control over the lifecycle of their data."
ForePaaS CEO Paul Sina comments, "Since our inception in 2015, we have been working hard to fulfil a vision, one where companies would be able to create and manage their own AI and Data analytics Factory simply and autonomously. OVHcloud quickly became a trusted partner for deploying our solutions.
"Today, I am delighted with this alliance which will allow us, to jointly provide companies with a new generation of platforms for the large-scale deployment of their critical applications."
According to OVHcloud, the additional expertise will ultimately be integrated into the development environments that OVHcloud delivers to its 1.6 million customers worldwide.
Building on a unified roadmap, developers will be provided with a complete suite of solutions to address the entire data value chain, from storage to database administration to artificial intelligence algorithms.
The technical bricks of the ForePaaS analytics platform will therefore be at the heart of OVHcloud's value proposition in the Platform as a Service segment.
According to the company, the new solutions will be fully integrated into OVHcloud's value proposition, which aims at providing technologies with the best price-performance ratio in an open, reversible, predictable and transparent environment.
In line with the recent acquisitions of OpenIO, Exten Technologies and BuyDRM, OVHcloud states the company will pursue its strategy of targeted acquisitions to accelerate the deployment of PaaS solutions. To date, OVHcloud offers a catalogue of more than 70 PaaS solutions and plans to expand it to 80 by the end of August 2022.