Orange seizes Basefarm to strengthen itself in cloud computing

by bold-lichterman

Orange wants to establish itself on the European market for cloud computing service providers. In this sense, the French operator has announced the acquisition of the Norwegian company Basefarm Holding, specializing in dematerialized IT services (or cloud computing) for companies, for an enterprise value of 350 million euros. As part of this transaction, which should be completed in the third quarter, Orange is thus recovering the share of the capital put up for sale by the American investment fund Abry Partners.Apple-converted-space “>

15% to 20% growth in the cloud computing marketApple-converted-space “>

In the cloud computing market, Orange’s B2B subsidiary claims growth of around 15% to 20% on a global scale. To boost its growth in this segment, Orange Business Services, which has 1,600 cloud experts, will now be able to rely on Basefarm’s expertise. The contribution of the Nordic company will also enable the Orange entity to complete the geographical coverage of its services in Europe to become the leader in the sector.