Rumble Announces Cloud Agreement with Government of El Salvador
Rhea-AI Summary
Rumble (NASDAQ:RUM) has secured a cloud services agreement with the Government of El Salvador, marking a significant expansion into government contracts. The comprehensive service package includes cloud storage (object and block storage), cloud computing, databases, load balancers, and Kubernetes integration.
The agreement represents a strategic milestone for Rumble, demonstrating its infrastructure's capability to handle government-level data and computing requirements. According to Rumble's CEO Chris Pavlovski, this partnership reflects a growing global trend of entities seeking independence from traditional Big Tech providers.
Stacy Herbert, Director of El Salvador's National Bitcoin Office, emphasized the alignment between El Salvador's values of freedom, innovation, and prosperity with Rumble's principles, suggesting a long-term collaborative relationship ahead.
Positive
- Secured first major government cloud services contract
- Expands into high-value government sector market
- Demonstrates capability to handle enterprise-level cloud infrastructure
Negative
- Financial terms and contract duration not disclosed
News Market Reaction 1 Alert
On the day this news was published, RUM declined 0.36%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONGBOAT KEY, Fla., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today announced that it has entered a cloud services agreement with the Government of El Salvador. The deal represents the increasing migration of the world toward companies that align more with the values of freedom that Rumble represents. Rumble’s services to El Salvador will include cloud storage (object and block storage), cloud computing, databases, load balancers, and Kubernetes integration.
“This agreement marks a major milestone for Rumble, as it is clear that our infrastructure, capabilities, and dependability are suitable for governments to trust for their most important data and computing needs,” said Rumble Chairman and Chief Executive Officer Chris Pavlovski. “This is also just more proof that the world recognizes the importance of independence from Big Tech, as no one wants to risk being technologically silenced because an activist in Silicon Valley doesn’t like what you think or say. People and governments are now more and more aligned with the values of freedom and independence we maintain and protect at Rumble.”
“El Salvador stands for freedom, innovation, and prosperity, and we are always looking at new frontiers. Like El Salvador, Rumble has also embraced and defended these ideals. It is natural for us to partner with them and we look forward to a long and mutually beneficial relationship,” said Stacy Herbert, Director of the National Bitcoin Office of the Office of the President of the Republic of El Salvador.
ABOUT RUMBLE
Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.
Contact: Rumble at press@rumble.com or the Government of El Salvador at contacto@presidencia.gob.sv.