Home »Today’s ASX News» NEXTDC (ASX: NXT) acquires 20% of the shares in the sovereign cloud provider AUCloud

The data center builder and operator NEXTDC Ltd (ASX: NXT) announced an investment today of $ 17 million in Sovereign Cloud Holdings Limited (ASX: SOV).

Sovereign Cloud trades under AUCloud, an Australia-based cloud service and security provider serving the Australian Government, Department of Defense and other major national organizations.

Meanwhile, Sovereign Cloud’s share price remains on hold while the remainder of the $ 35 million fundraising process closes.

The company will be able to national Accelerate expansion of AUCloud by providing access to 1,500 customers and 730 channel partners.

In return, NEXTDC is allowed to appoint a director to the board of directors of Sovereign Cloud, who will initially be CEO Craig Scroggie .

There is an increasing shift towards Australian partners, with governments intending to spend 20-30% on local service providers.

While this is an arbitrary goal, it shows a shift away from the big ones IaaS providers such as Amazon Web Services and Google Cloud to their own offerings.

NEXTDC will be able to offer tailor-made solutions for AUCloud customers, as all data centers are located in the main Australian capitals.

After injecting growth capital into AUCloud, we believe that Phil and the team are very well positioned to benefit from the growing trend towards sovereign IaaS cloud and high security solutions. ”

One of the notable members of the AUCloud team Brad Bastow, formerly Chief Technology Officer to the Prime Minister.

In addition, Chief Executive Phil Dawson founded UKCloud in 2011, a similar company based in the UK ien.

As AUCloud gains momentum, NEXTDC will be able to stay one step ahead of competing operators with an insight into the business.

I like the move and will be both NEXTDC and Sovereign Cloud keep an eye on it in the future.

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