The document discusses the European company Cloudwatt and its ambitions to become a leader in Infrastructure as a Service using OpenStack. Cloudwatt has over 200 customers, contributes significantly to OpenStack code and integration, and received 225 million Euro in funding to compete globally. OpenStack allows Cloudwatt to massively scale, achieve aggressive pricing, and ensure interoperability. Cloudwatt aims to be part of the OpenStack ecosystem, contribute to open source, and ensure security, transparency, and service level agreements for customers.