In Spain Gigas Buys Valoradata Cloud Backup Unit

Gigas Hosting, SA, a Spanish multinational specialized in converged telecommunications services, IT and cloud services for companies – acquired ValoraData S.L.‘s backup unit and DR support for €2.3 million.

Payment will be made in 2 installments: the first, upon signing, will be in cash and corresponds to 75% of the transaction; the second payment, also in cash, will correspond to the remaining 25% and will be made in 12 months later.

The unit acquired manages the backup of servers and workstations, both in the cloud as well as for on-premise hybrid backup structures. Thanks to this acquisition, Gigas has increased its client portfolio by some 300 companies, most of which are medium sized, and are in line with the profile of its target clients. Furthermore, Gigas’ technical and sales team has grown following the incorporation of 14 professionals specialized in backup and BC.

“In response to growing digitalization, backup services have become more and more essential for protecting companies from disasters and cyberattacks, ensuring the constant safety of data as well as the efficient management and continuity of business,” stresses Diego Cabezudo, CEO and co-founder of Gigas. “This acquisition, which is a great complement to the services already offered by Gigas, strengthens our strategy for offering turnkey cloud, telecommunications and cybersecurity services. It allows the companies in countries where we operate to turn to a single provider to resolve all kinds of issues that can arise in a highly digitalized environment.”

The unit acquired from Valoradata had a turnover of €1.62 million in 2020 and obtained an EBITDA of €426,000. The company has its own backup platform in 2 external datacenters and, with the migration of said platform to Gigas, the aim is to achieve synergies so that in 2021 the EBITDA will be higher.

This transaction with Valoradata is Gigas’ fourth acquisition in the past six months. At the end of March, Gigas also announced its acquisition of Oni, a leading Portuguese telecommunications provider. Oni currently offers telecommunications, cloud and security services to some 1,100 clients, and had a turnover of 32.2 million Euros in 2020.

Gigas has around 10,000 clients and over 300 employees.

About Gigas
Its a Spanish multinational specialized in converged telecommunications services, IT and cloud services for companies and is listed on the BME Growth market telecommunications pose for companies. It offers comprehensive and customized solutions to both large companies and SMEs. With 11 datacenters in Europe, the USA and Latin America, the company has offices in Spain, Portugal, Ireland, Colombia, Chile, Peru, Mexico and USA.