Orange to acquire Cloudwatt
23 March 2015 |
Orange is to acquire all remaining shares of Cloudwatt; the cloud computing joint venture it set up with the French government, according to local reports.
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.
7h | Natalie Bannerman
8h | Natalie Bannerman
9h | Alan Burkitt-Gray
9h | Natalie Bannerman