Selectel buys cloud provider M1Cloud for up to $31M
What's the deal? Russian IT-infrastructure provider SelectelDealroom has a profile for this one. Try Dealroom → has acquired 100% of cloud provider M1CloudDealroom has a profile for this one. Try Dealroom → (Stek GroupDealroom has a profile for this one. Try Dealroom →) for up to US$39.1M (roughly $31 million). M1Cloud will keep serving clients on the same terms after the deal closes.
What each side does: M1Cloud builds and supports private cloud solutions on partner data centres in Moscow. It has operated for more than 15 years and serves over 170 medium and large businesses.
What's the endgame? Selectel runs its own cloud platform, dedicated servers, private clouds, and AI infrastructure. The purchase is meant to strengthen its private-cloud line.
By the numbers: Selectel's revenue reached US$153.3M in the first half of 2026, up 14% year on year, with its client base growing to 44,500 by the end of June. Operating costs, however, rose faster than revenue — 23% against 14%.
M1Cloud is forecast to post revenue of US$22.5M for full-year 2026. Its products and service terms will continue unchanged after the acquisition.
The signal: Russia's cloud-tools market has grown to US$1.37B, with corporate ecosystems selling fastest. Buying an established private-cloud player lets Selectel add 170-plus enterprise clients and deepen a segment where demand is climbing.
Image credit: mahmoud99725
