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Octave Klaba
Cloud computing firm OVHcloud experiences network outage ahead of IPO
Duncan is an award-winning editor with more than 20 years experience in journalism. Having launched his tech journalism career as editor of Arabian Computer News in Dubai, he has since edited an array of tech and digital marketing publications, including Computer Business Review, TechWeekEurope, Figaro Digital, Digit and Marketing Gazette.

French cloud computing company, OVHcloud, has experienced a network outage on October 13, just two days before it was due to launch one of the country’s largest initial public offerings of 2021.

The firm’s founder and chairman, Octave Klaba, said the downtime was caused by “human error” while one of its US-based datacentres was being reconfigured.

He said: “A wrong configuration of the router caused the network to fail,” adding that OVHcloud was able to restore the network at 8.15am GMT.

The attempt at network reconfiguration, he explained, was due to adding capacity to better cope with Distributed Denial of Service (DDoS) cyberattacks.

OVHcloud is the second-largest European-based cloud services provider after Deutsche Telekom’s T-Systems.

The company hopes to raise €350 million with its IPO, with a share price range of €18.50-€20 for the flotation valuing it at €3.5-€3.74 billion. Pricing is set for Thursday and its market debut on Friday.

Want to learn more about topics like this from senior executives in this space? Learn more at the Cloud in FinTech & Banking Summit, on October 13 2021, on how financial organisations are using cloud migration for competitive advantage.

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Emma Crabtree

Emma Crabtree

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