Authorities Approve Orange’s €350m Acquisition of Basefarm
Today Orange Business Services announced that its 100 percent acquisition of Basefarm Holding SA has been signed off by the relevant competition authorities.
In mid-July this year Orange announced its intentions to take over Basefarm’s complete operations for a weighty sum of €350 million with the goal becoming a European leader in the cloud computing services market.
Basefarm has 11 data centres across four countries with a strong operational presence in several other European countries – particularly in Norway, Sweden, the Netherlands, Austria, and Germany.
The company recorded revenues of more than 11 million euros in 2017 and has undergone steady growth since its inception.
“We are very proud to announce the acquisition of Basefarm, which will mark a major milestone in our international development,” says Orange Business Services chief executive officer Helmut Reisinger.
“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.”
According to the two companies, Basefarm’s most innovative services include big data, cloud computing, and AI. The business currently employs approximately 550 employees.
“We are very pleased with Orange’s decision to acquire Basefarm, a sign of our continued success in Europe,” says Basefarm chief executive officer Fredrik Ohlsen.
“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. Together we’re able to build a pan-European leader in cloud managed services, something which will benefit Basefarm and our customers.”
Reisinger is looking forward to the opportunities the acquisition will bring for Orange, as it looks to expand its footprint across Europe.
“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,” concludes Reisinger.
Source: datacentrenews
Latest Jobs
-
- Threat and Vulnerability Analyst / Penetration Tester. London
- London
- 55000
-
Threat and Vulnerability Analyst / Penetration tester needed. Threat and Vulnerability Analyst needed. Immediate opportunity. Must be able to commute to London min 2 days a week. The individual will join a highly technical team that is responsible for identifying vulnerabilities and threat in various applications / coding with a view of driving remediation and change. This is a critical role. The ability to achieve SC clearance is a must. A deeply technical Linux Redhat background with, penetration testing / code review / threat detection background is essential. Looking to hire immediately. Apply today for more information.
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Head of Penetration Testing, UK based, Flexible location.
- United Kingdom
- Upto £100,000 plus excellent benefits
-
Head of Penetration Testing needed to join a security consultancy that are delivering client facing penetration testing services around Web app and Infrastructure. Looking for someone hands on that is able to manage a highly skilled technical team of testers. 50-60% of the time is expected to be hands on, other duties will include, but not be limited to; leading and managing the day to day running of the team, mentoring, team upskill, recruitment, reporting, escalation, process improvement etc. Flexible location although south east is preferred. Anyone with Check / CREST experience is highly desirable. MUST be able to achieve SC clearance. UK based role. All details kept in confidence.