Octave Klaba OVHcloud completes acquisition of Qwant CB News

Octave Klaba (OVHcloud) completes acquisition of Qwant – CB News

The completion of the operation, the amount of which has not been disclosed, will take place this summer, he added in a message posted to Twitter. As planned when exclusive negotiations were announced in April, the new Synfonium company will be 75% owned by entrepreneur Jezby Ventures’ holding company and 25% owned by Caisse des dépôts. According to the Franco-Polish entrepreneur, Synfonium wants to bring together “the search engine, free services, the collaboration suite, social login (an authentication system), but also the services of our technology partners”. The company also owns Shadow, a company specializing in virtual computers, used in particular to play video games on high-performance machines. In April 2021, Mr. Klaba took over the star company of the French “geeks” community at the head of the Paris Commercial Court.

Better known to the general public, the French search engine Qwant, former star of French technology, was founded in 2013 with the aim of securing a place in the world of online research, completely dominated by Google, by pushing ahead with privacy protection own algorithms for indexing websites. Despite state support, however, it had not been able to assert itself against its American rival or prove its technological independence. In 2020, after the departure of his boss Éric Leandri, Qwant was rescued by the CDC and the German group Axel Springer. “The road is long, complex and expensive, but there is a real expectation to have this platform in the cloud SaaS EU (a remote controlled software suite) that respects our European values ​​and laws,” said Octova Klaba.