The French carrier already owns the largest stake in Cloudwatt and will buy the remaining shares from Thales, which holds a 22% stake, and French financial organisation Caisse des Dépôts, which owns the remaining 33%.
Cloudwatt was launched in 2012 in a bid to provide a competitor for large US companies dominating the sector, and in a statement, Orange said: “By acquiring Cloudwatt, Orange will strengthen its enterprise cloud services offering – a major focus of its ‘Essentials2020’ strategic plan.”
“The technologies and services offered by Cloudwatt complement Orange’s own portfolio and represent an opportunity to accelerate the deployment of a sovereign public cloud, both in France and in Europe.”
Financial details have not yet been confirmed and all Cloudwatt employees are expected to be integrated into Orange.
