Orange Business Services announced the acquisition of Basefarm for an enterprise value of $410 million (350 million Euros) to reinforce its position in the cloud computing services market in Europe.
Basefarm is a leading European player in cloud-based infrastructure and services, as well as the management of critical applications and data analysis. The company has a strong operational presence in several European countries, particularly in Norway, Sweden, the Netherlands, Austria and in Germany, where it boasts a cutting-edge big data activity.
Following the recent purchase of Business & Decision, the acquisition of Basefarm represents an important step forward in Orange Business Services' development strategy. With its existing team of 1,600 cloud computing experts, Orange Business Services is currently growing by around 15 to 20% each year on the global market in this sector.
Helmut Reisinger, CEO of Orange Business Services
In addition to our ability to offer access to public or private cloud infrastructure, it is above all our capacity to propose enriched, automated services to our customers, wherever they are in the world, that will enable us to support companies as they transform onto new, digital models based on cloud-computing, Big Data and Artificial Intelligence.
Fredrik Ohlsen, CEO, Basefarm
Orange is already a major player in the cloud services business and our two companies are very well matched in terms of our product portfolio, and also when it comes to geographical spread.
