Major European telecom operator Orange has acquired Basefarm Holding AS, a Norwegian-founded cloud infrastructure and critical application services company, for €350 million. The deal has been made by Orange Business Services, the telco's enterprise subsidiary.
“We are very proud to announce the acquisition of Basefarm, which will mark a major milestone in our international development,” said Helmut Reisinger, CEO of Orange Business Services. “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 into new, digital models based on cloud computing, big data, and artificial intelligence.”
Basefarm, which currently employs some 550 people, has shown growth in turnover since 2015 and reported more than €100 million in revenues in 2015. It's most prominently present on the markets of Norway, Sweden, the Netherlands, Austria, and Germany, which complements Orange Business Services' geographical reach.