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Octave Klaba (OVHcloud) terminates acquisition of Qwant – Image

Octave Klaba (OVHcloud) terminates acquisition of Qwant – Image

He added, in a message on Twitter, that the completion of the operation, the size of which was not disclosed, will take place this summer. As planned when the exclusive negotiations were announced in April, the new Synfonium will be 75% owned by entrepreneur Jezby Ventures’ holding company and 25% by Caisse des dépôts. According to the French-Polish entrepreneur, Synfonium aims to combine “a search engine, free services, a collaborative group, a social login (a documentation system), as well as the services of our technical partners.” The company will also own Shadow, a company that specializes in virtual computers, which is used specifically for playing video games on high-performance hardware. Mr. Klapa had taken over the management of the star company in the French society “geeks” in April 2021 at the head of the Paris Commercial Court.

Better known to the general public, the French search engine Qwant, the former star of French Tech, was founded in 2013 with the aim of making its place in the world of online search, which is completely dominated by Google, by rolling out privacy protections and its own algorithms for indexing web pages. But despite the support of the state, he was unable to impose himself against his American competitor, nor prove his technological independence. In 2020, following the departure of its president, Eric Lindry, Qwant is rescued by the CDC and German group Axel Springer. “The path is long, complex and expensive, but there is a real expectation that this platform in the Cloud SaaS EU (Remote Software Suite) respects our European values ​​and laws,” said Oktova Klapa.

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