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Fire at data center expected to cost $122 million

Posted On: Sep. 30, 2021 9:58 AM CST


French cloud computing company OVH Groupe SAS a fire that damaged its data center in Strasbourg earlier this year resulted in €105 million ($122 million) in losses, DataCenter Dynamics reported citing L'Usine Nouvelle. Of the total amount, the company has recovered €58 million from its insurance while a large proportion is contingency funds for potential customer claims for the damage from the fire that affected the businesses of nearly 65,000 customers.