ALSO Expands US Presence with Joint Venture

ALSO Holding AG, based in Emmen, Switzerland, has announced the expansion of its operations in the US through a joint venture with Intermedia. This venture is expected to tap into over 300,000 users, aiming for a first-year revenue of 46 million euros. With the US boasting the world's largest IT market, the move provides new growth avenues via enhanced user monetisation, a growing reseller network, and an expanded technology portfolio.

The joint venture, split with ALSO holding 51% and Intermedia the remaining 49%, will leverage ALSO's scalable cloud platform and Intermedia's Microsoft cloud business. It aims for medium-term net sales of 300 million euros, driven by new users and enhanced monetisation strategies.

The collaboration promises further opportunities through digital platforms like IoT and M&A activities, alongside expanding Intermedia’s collaboration solutions into Europe.