OVHcloud acquires BuyDRM
July 27, 2021
In a move that strengthens its security expertise to make the cloud ever more secure, and enrich its Platform as a Service portfolio, European cloud computing specialist OVHcloud has acquired American digital rights management (DRM) security technologies applications provider BuyDRM. The entire BuyDRM team and their founders will join the Group’s workforce to build together a single roadmap dedicated to security.
Since inception in 2001, BuyDRM has developed a strong expertise in terms of security through cryptographic systems. The performance and accuracy of BuyDRM’s solutions have made it possible for the company to rapidly gain significant market share, particularly in the media and entertainment sector where many of the most prestigious brands rely on its expertise to secure their multimedia flows. Clients include ABC (Australian Broadcasting Corporation), Blizzard Entertainment, Crackle, EPIX, FuboTV, Rakuten Viki, Sony New Media Solutions, Showtime and Zee5.
“By acquiring BuyDRM, we have not only gathered additional resources to accelerate our security roadmap, but above all, to develop together advanced and innovative solutions to support our customers in their adoption of cloud technologies,” stated Thierry Souche, CTO of OVHcloud.
“We are delighted to join OVHcloud and to deploy our solutions on an industrial scale in the cloud,” added Christopher Levy, CEO of BuyDRM. “We are convinced that our skills will complement and enhance each other to further secure the data of cloud users, regardless of their technological challenges.”
According to OVHcloud, this expertise will be seamlessly integrated into all its solutions, while its potential of development at scale will enrich the service portfolio of the company. The skills of these new teams will be a key asset in OVHcloud’s security roadmap, both for securing access to services and for designing new security mechanisms integrated into its cloud solutions. Security of applications as well as the security of the data generated through it has become a critical stake for every organisation.
In the same line as its 2020 acquisitions of OpenIO and Exten Technologies, OVHcloud will pursue its strategy of targeted acquisitions focused on technological solutions. The ambition is to accelerate the development of integrated PaaS solutions, based on an open infrastructure, trusted and strictly respectful of data sovereignty.