Barcelona, July 24th, 2019.- Wayra Barcelona, ​​Telefónica's open innovation hub, has signed an investment agreement with Abiquo to boost its business development with the group and integrate its value proposition into the different business units of Telefónica.

One of the main objectives of Wayra is to invest in tech startups that can build up business with Telefónica and, thus, be able to scale by contributing with its technological solutions to a network of more than 350 million customers that the group has throughout the world.

The investment in Abiquo will help boost this new service, already available in Spain, that will be extended to the rest of Telefónica’s operations in Latin America later this year. Initially, the service will provide access to Amazon Web Services (AWS), Microsoft Azure and Telefónica's VDC service, bringing the opportunity to add other services of value, include private clouds and manage other hyperscale clouds, such as Google Cloud Platform, which has recently been added to the Telefónica Public Cloud service catalog.

Abiquo recently participated in the latest edition of the Telefónica Business Development Day, which aims to bring together and connect the startups invested in by Wayra Spain with different business units of Telefónica. Additionally, working with Wayra will allow Abiquo to interact with all the startups participating in the innovation hub and access its global network of 11 Wayra hubs in 10 countries.

"With this new investment, from Wayra we continue with our strategy of promoting the business development of our invested startups through Telefónica. In addition, having Abiquo's existing investor, Nauta Capital, contribute further investment reinforces Wayra's commitment to foster deal flow and co-investment ", explains Julián Vinué, director of Wayra Barcelona.

"It is great news to have Wayra and Telefónica as partners in the future of Abiquo. The company has demonstrated a clear leadership in the industry of cloud management having achieved the best self-service product for multicloud. Telefónica's support will be a key factor to strengthen its position in this fast-growing market," says Carles Ferrer, General Partner at Nauta Capital.

"Our customers demand a complete multicloud offering, allowing them to use the most appropriate products and services from each cloud. For this reason, we have selected Abiquo to deploy the Multicloud Portal, offer value-added capabilities and manage the lifecycle of workloads, providing differential value in companies' journey towards the adoption of public clouds", explains Jose María Cuellar, Global Director of the Cloud unit at Telefónica.