French cloud computing company, OVHcloud, has experienced a network outage on October 13, just two days before it was due to launch one of the country’s largest initial public offerings of 2021.
The firm’s founder and chairman, Octave Klaba, said the downtime was caused by “human error” while one of its US-based datacentres was being reconfigured.
He said: “A wrong configuration of the router caused the network to fail,” adding that OVHcloud was able to restore the network at 8.15am GMT.
The attempt at network reconfiguration, he explained, was due to adding capacity to better cope with Distributed Denial of Service (DDoS) cyberattacks.
OVHcloud is the second-largest European-based cloud services provider after Deutsche Telekom’s T-Systems.
The company hopes to raise €350 million with its IPO, with a share price range of €18.50-€20 for the flotation valuing it at €3.5-€3.74 billion. Pricing is set for Thursday and its market debut on Friday.
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