Computing firm OVHcloud experiences network outage ahead of IPO

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PARIS :Cloud computing services provider OVHcloud said on Wednesday it was experiencing a network outage, just two days before it launches one of France's biggest initial public offerings of the year. The outage followed a 'human error' during the reconfiguration of one of its data centres in the United State

PARIS :Cloud computing services provider OVHcloud said on Wednesday it was experiencing a network outage, just two days before it launches one of France's biggest initial public offerings of the year.

The outage followed a"human error" during the reconfiguration of one of its data centres in the United States, founder and chairman Octave Klaba said on Twitter. The data centre is located in Vint Hill, Virginia, the company said. The network returned to normal at 0815 GMT after the intervention of OVHcloud teams, it said.

OVHcloud will seek to raise 350 million euros with its IPO, with a price range of 18.50-20 euros per share for the flotation valuing it at 3.5-3.74 billion euros.Klaba said that the network reconfiguration was aimed at adding capacity to stem a hike in so-called Distributed Denial of Service cyberattacks.OVHcloud is the second-biggest European-based cloud services provider after Deutsche Telekom's T-Systems, according to Synergy Research https://www.srgresearch.

It is seen by some politicians as a potential alternative to U.S. giants Amazon Web Services, Microsoft's Azure and Google Cloud, which dominate the market.Users took to Twitter on Wednesday to complain about the outage. While some said their servers were back on, others chose irony, with one Twitter user posting a meme that read"Hello IT.

 

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