French web hosting provider OVH announced on Wednesday it has raised $181.3 million from 10 financial institutions to fund its expansion in Europe and North America.
The move comes a few weeks after after OVH deployed the Infinera DTN-X platform, adding 500 Gigabit per second super-channels to its Pan-European network.
OVH financial director Nicolas Boyer says the funding could cover up to 70 percent of the investments for the company’s planned expansion, while the remaining portion will be covered by OVH’s existing funds.
The funding will also consolidate its existing relations with its financial partners, which includes BNP Paribas, Crédit Agricole and HSBC.
OVH has been working with these financial institutions for more than a decade.
The company also plans to consolidate its infrastructure in Europe before it expands its hosting services to North America. OVH recently built a green data center near Montreal, Canada.
OVH is looking to launch the largest data center in the world with 36 hosting towers, housing 10,000 servers a piece, which would allow the comapny to more than double its current footprint of 150,000 servers to more than half a million.
In addition to traditional web hosting services, OVH provides VoIP, SMS and fax services, cloud-based platforms and hosted email services.
Talk back: Are you currently offering hosting services in both the North American and European markets? Do you think OVH will be successful in expanding in the North American market? Let us know in the comments.