Swiss ALSO Group Takes 51% Stake to Form U.S. Cloud Technology Joint Venture

en.Wedoany.com Reported - On November 12, Swiss IT distributor ALSO Holding AG and U.S. cloud communications service provider Intermedia Intelligent Communications announced the establishment of a joint venture, ALSO Intermedia Technologies LLC, with the two parties holding 51% and 49% equity stakes respectively. The new company will provide cloud technology and software distribution services to the U.S. market, integrating Microsoft cloud products, enterprise communications and collaboration solutions, and serving managed service providers and IT resellers through a unified cloud marketplace platform. The joint venture is expected to commence operations in the first quarter of 2027.

ALSO will be responsible for providing the scalable cloud marketplace platform (ACMP), international management systems and operational management capabilities, while Intermedia will contribute its Microsoft cloud business, sales resources and existing customer relationships. The new platform will support partners in procuring, selling, provisioning and managing Microsoft cloud products and other enterprise technology services, and will integrate subscription management, order processing, billing and customer support functions. Additional software vendors and digital products are planned to be added subsequently to expand the range of technology products distributable through the platform.

ALSO expects the joint venture to cover approximately 300,000 unique users and generate €46 million in revenue in its first operating year, with a medium-term net sales target of €300 million. Intermedia is headquartered in Sunnyvale, California, USA, and currently serves more than 150,000 enterprise customers with over 7,500 channel partners worldwide. The company disclosed in March 2026 that its annual recurring revenue had exceeded $430 million, providing the joint venture with an existing customer base, Microsoft cloud products and a channel sales network.

ALSO previously launched its U.S. cloud business in February 2025, offering software and cloud services to local resellers through its cloud marketplace platform. In fiscal year 2025, ALSO's cloud marketplace generated €1.6 billion in revenue, while the Group's total annual revenue was €15.2 billion. The formation of this joint venture with Intermedia represents a further step in its U.S. market strategy, shifting from building cloud service channels to integrating local customer and product resources. The company also plans to expand its business by increasing platform users, broadening its reseller network and bringing in more technology vendors, and has identified mergers and acquisitions as one of its future growth avenues.

The two parties also plan to use the joint venture platform for transatlantic business cooperation. In the U.S. market, the joint venture will focus on promoting Microsoft cloud products and Intermedia's enterprise communications and collaboration solutions, while Intermedia can leverage ALSO's cloud marketplace platform and reseller network in Europe to expand its local business. The two parties expect to roll out products and platform features in phases, and existing Intermedia partners will continue to operate under their current business models until the joint venture launches.