Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs Dell EMC Newsroom Hitachi Vantara Newsroom HP Reinvent Newsroom IBM PartnerWorld Newsroom HPE Zone Tech Provider Zone

Lyft’s $300 Million Deal With AWS: 5 Things You Need To Know

Ride-hailing company Lyft Inc. this month provided an unusual window into its relationship with Amazon Web Services.

1   2   3   ... 6 Next

Lyft Goes Public With Cloud Details

Ride-hailing company Lyft Inc. this month provided an unusual window into its relationship with Amazon Web Services, detailing financial terms for its AWS cloud infrastructure services in a U.S. Securities and Exchange Commission filing.

The “born-in-the-cloud” Lyft disclosed its spending commitment to AWS for hosting the on-demand transportation company’s platform and supporting its operations in an S-1 registration statement filed this month in anticipation of its planned initial public offering next week.

Lyft is expected to price its shares March 28 and start Nasdaq trading the next day. Based on its estimated stock price of $62 per share to $68 per share, the offering could raise up to $2.4 billion.

Prior to Lyft’s SEC filing, AWS last month announced that Lyft – which facilitates more than 50 million rides per month -- was going “all-in” with the public cloud provider.

Here’s what we know about Lyft’s relationship with and dependence on the No. 1 AWS, based on its SEC filing and other information released by AWS.

 
 
1   2   3   ... 6 Next

sponsored resources