ALSO expands US business through joint venture

The United States is the world’s largest IT market, with annual technology spending exceeding 1.9 trillion US dollars and annual growth of 10% due to early adoption of new technologies such as cloud computing, cybersecurity and others. Its established ecosystem of resellers and managed service providers makes it an attractive market for IT business models.

Joint venture partner Intermedia, headquartered in Sunnyvale, California, provides cloud-based collaboration solutions. The company serves more than 150,000 business customers and works with over 7,500 channel partners worldwide. In March 2026, Intermedia reported annual recurring revenue exceeding 430 million US dollars.

ALSO launched its own US cloud operations in February 2025, providing a foundation for expansion. The asset-light market entry through cloud services and subsequent acquisitions has already proven successful in Poland, Slovenia, Spain and the UK, and supports the growth of the company.

The joint venture will be owned:

• 51% by ALSO, contributing its scalable cloud platform (ACMP), international management expertise as well as operational and financial discipline
• 49% by Intermedia, contributing its Microsoft cloud business, the associated sales resources and customer relationships

In the medium term, the joint venture expects net sales of 300 million euros, driven by:

• additional unique users
• increased monetisation through new applications and vendors

Further opportunities arise from:

• other digital platforms, such as IoT
• M&A activities
• Intermedia’s collaboration solutions in Europe