Orange to Buy Cloud Computing Services Firm Basefarm for EUR350 Million
16 Julio 2018 - 02:31AM
Noticias Dow Jones
By Alberto Delclaux
France's Orange SA (ORA.FR) said Monday that it agreed to buy
cloud-computing services company Basefarm for 350 million euros
($408.9 million), following a tender process initiated by Abry
Partners LLC (ABP.XX) for its stake in the company.
Basefarm focuses on cloud-based infrastructure and the
management of critical application services in Europe. In 2017 it
had revenue of more than EUR100 million and it currently employs
550 people, Orange said.
The telecoms company said Basefarm will be incorporated into
Orange Business Services, which has a team of 1,600 cloud computing
experts.
Orange expects to close the acquisition in the third quarter of
this year.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
July 16, 2018 03:16 ET (07:16 GMT)
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