Technology

Video: OVHcloud is on the ground two days before going public

“504 Gateway Time-out. Site and mail delivery”. This is the message that OVH customers are reading most desperately this morning. Host clients report a total shutdown of services: databases, dedicated servers, websites.

The general blackout was postponed from 9:17 this morning. To follow the evolution of the failure, it is there. Octave Klaba, the head of OVHCloud, has just indicated that it is a “human error”.

“It’s starting to be a recurring one at OVH,” complains a professional client of the host. “We will have to think about changing the host, more sites, CRM, telephone. Because in the era of digital transformation, OVH no longer only hosts emails and websites, but also ERPs and a host of business applications.

Dowdetector crash report explosion on 10/13/2021 from 9:17 am

Note that the host’s site was also offline for a short period of time. “It’s getting long … it should at least communicate,” nevertheless points out a customer annoyed by the lack of communication from the host.

New tile two days after the splendor of the IPO

A new tile that falls at the worst moment for the French flagship. Because, formalized last September, OVHcloud’s IPO is scheduled for October 15. A mega disruption two days before the IPO, what better way to give investors confidence?

The company has obtained approval of its registration documents from the Autorité des marchés financiers (AMF). If the sum of 4 billion euros had been mentioned, the targets have already been revised downwards. Indeed, the share price will be between 18.5 and 20 euros, which would value the company between 3.5 and 3.75 billion euros.

With its entry into the financial markets, OVH also hopes to regain its image tarnished by the recent fire that destroyed one of its data centers in Strasbourg last March. A judicial investigation is still ongoing, but OVHcloud has already awarded € 28 million (in vouchers) to its clients injured by the shutdown of its servers, and will receive € 58 million in compensation from its insurers.

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