Orange to acquire Basefarm for 350m euros
Deal will expand Orange Business Service's cloud and data portfolio
Orange Business Services plans to acquire cloud infrastructure and data analysis specialist Basefarm, for 350 million euros ($410m).
The Orange Group, through its enterprise subsidiary, plans to acquire Basefarm to expand Orange Business Services' service portfolio and its expertise in cloud.
Basefarm is a leading European player in cloud-based infrastructure and services, as well as the management of critical applications and data analysis.
Following the recent purchase of Business & Decision, the acquisition of Basefarm represents an important step forward in Orange Business Services' development strategy, the company said. 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. The acquisition of Basefarm will complement its existing catalogue of offers and will reinforce its strategic position by bringing a new source of expertise and innovative technologies, particularly in data management, the management of critical applications, Big Data and multi-cloud services.
"We are very proud to announce the acquisition of Basefarm, which will mark a major milestone in our international development. In particular, the company's integration will enable us to significantly extend our Big Data and critical application management services on a rapidly consolidating market. 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," said Helmut Reisinger, Chief Executive Officer of Orange Business Services.
The closing of the transaction is expected to take place during the third quarter of 2018 and is conditional upon the approbation of the relevant competition authorities.