Mar 21, 2014 - Emmen

ALSO Group: expands its cloud services and becomes a cloud enabler

ALSO Holding AG has concluded a purchase contract for the acquisition of Nervogrid Oy, Helsinki, Finland. The company is active in the cloud computing sector and is specialized in the development of Cloud Brokerage Enablement platforms with which the management of private, public, and hybrid cloud transactions can be automated and efficiently processed. In the future, the newly acquired company will trade under the name of ALSO Cloud Oy.

The core element, the web-based Cloud Control Panel as a Service technology, enables customers and partners of ALSO to offer various IT services, such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), autonomously and in simple steps. Resellers use the Cloud Control Panel as a Service technology to develop, drive and manage the entire sales process, from very easy drag-and-drop offer-preparation through roll-out of the cloud services to performance-reporting and billing.

"With this acquisition, ALSO Holding AG wants to strengthen its expertise in the cloud business and to develop it further. We offer our customers and partners in the cloud environment an ideal Cloud Brokerage Enablement platform from which to offer their cloud services to a broad base of resellers and their customers. This service platform enables us to create a bridge between vendor and reseller. For ALSO, offering cloud services opens up new business possibilities with independent software and service vendors," says Gustavo Möller-Hergt, CEO of ALSO Holding AG.

In 2013, Nervogrid Oy reported sales revenue of approximately 3 million euros and had around 30 employees. ALSO Cloud Oy will be become a subsidiary of ALSO Holding AG. It has been agreed that the purchase price will not be disclosed.


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Beate Flamm

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