Orange Business Services is set to buy Basefarm, a provider of cloud-based infrastructure and services, for an enterprise value of 350 million euros.
Basefarm, which posted revenues of over 100 million euros in 2017, has operational presence in several European countries, particularly in Norway, Sweden, the Netherlands, Austria and in Germany with 550 employees.
Orange Business Services earlier acquired Business & Decision. The acquisition of Basefarm represents an important step forward in Orange Business Services’ development strategy. Orange Business Services has a team of 1,600 cloud computing experts.
The acquisition of Basefarm 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.
“The company’s integration will enable us to significantly extend our Big Data and critical application management services on a rapidly consolidating market,” said Helmut Reisinger, chief executive officer of Orange Business Services.