“On the morning of October 13 at 9:12 am (French time), we carried out interventions on a router at our Vint Hill datacentre in the United States, which caused disruptions on our entire network,” said the company in a press release. On Twitter, the founder and chairman of the group, Octave Klaba, explained that the outage was linked to a technical manipulation decided by OVHcloud following a recent increase in DDOS attacks which aim to saturate the victim’s servers by burying under requests.
Thus, the French group, which is one of the European cloud champions, underlined that “the teams quickly intervened to isolate the equipment at 10:15 am (French time)”. He added “we are currently conducting a verification campaign with our customers to confirm the restoration of all their services,” said OVH.
It doesn’t just happen to others
The Secretary of State for Digital, Cédric O, sent a message of support to OVHcloud on Twitter. “Like what, this kind of bug does not happen only to small businesses like Facebook … bravopourleretablissementrapide,” he tweeted, referring to the several-hour outage suffered by Facebook last week, due to network problems there too.
Indeed, the outage came at a very bad time for OVHcloud, which is in the process of offering its securities to investors as part of an IPO scheduled for Friday. OVHcloud wants to go public with an expected fundraising of 350 million euros, for a valuation of the company between 3.5 and 3.75 billion euros. Group executives predict a 25% sales growth rate by 2025, but have warned that there is no planned dividend distribution for future shareholders, the group wanting to focus above all on l investment, with 2 billion euros planned for the period 2020-2025.
The OVHcloud IPO should be the third this year for a large French tech company, after that of the musical nugget Believe in June and that in September of the cybersecurity product distribution company Exclusive Networks. Remember that OVHcloud had already been the victim of a fire in March in a data center in Strasbourg, which had also caused major disturbances on many websites.