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General

Optiva accelerates plan to become public cloud specialist

Tuesday 21 January 2020 | 09:09 CET | News
Optiva has decided to accelerate its Strategic Plan to become a public cloud specialist. The company still plans to raise up to USD 100 million to push its transition to the cloud but will now change from its strategy of being cash flow break even to a willingness to lose money. This means it will not be limited by its cashflow and that it will be able to put more into innovation. Optiva said it has so only spend USD 25 million into its transformation, due to its previous break even strategy, and that this now has to go harder.

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Categories: General
Companies: Google / Oracle / Truphone
Countries: World
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