French Telco Orange €350 Mio. Investment in Infrastructure for Big Data and Artificial Intelligence

Orange, the telecommunications operator in France, just acquired Basefarm, a European player in cloud-based infrastructure and services, as well as the management of critical applications analysis for Big Data and Artificial Intelligence, for 350 million Euros.

 

Copyright by Basefarm

 

Basefarm, which recorded revenues of over 100 million euros in 2017, has enjoyed steady growth since 2015. The firm has an operational presence in several European countries. Particularly in Norway, Sweden, the Netherlands, Austria and in Germany. It boasts Cloud Computing, Big Data and Artificial Intelligence. Basefarm employs 550 people around Europ

Copyright by Orange

Helmut Reisinger, Chief Executive Officer of Orange Business 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. 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.”

Orange is one of the world’s leading telecommunications operators with sales of 41 billion euros in 2017 and 150,000 employees worldwide, including 91,000 employees in France. The Group has a total customer base of 263 million customers worldwide.