Orange confirms Cloudwatt acquisition
Orange confirmed this week the company has finalised an agreement to acquire all remaining shares of Cloudwatt, the cloud services provider it set up with the French government, reports Business Cloud News.
In January the company confirmed it had entered into discussions to buy the firm, in which Orange had the largest stake; Thales owned 22% and Caisse des Dépôts 33% of Cloudwatt.
“By acquiring Cloudwatt, Orange will strengthen its enterprise cloud services offering – a major focus of its “Essentials2020″ strategic plan,” Orange said in a statement.
“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.”
Through Caisse des Dépôts, the French state paid €75m for its share of Cloudwatt and spent another €75m to help set up Numergy (co-founded by SFR and Bull) through the French government’s ‘Project Andromeda’ in a bid to provide locally-hosted competition to US-based cloud service providers.
Reports earlier this year suggested a potential merger between Numergy and Cloudwatt was in the works in late 2014, however, now that Atos owns Bull and Numericable owns SFR, it’s thought a potential deal would have been too awkward for shareholders to accept.
The acquisition will see Orange integrate all of Cloudwatt’s employee into its operations (likely the company’s Business Services division).
M&A activity started last January…it is going to gather pace throughout this year…read on ….
By acquiring Cloudwatt, Orange will strengthen its enterprise cloud services offering – a major focus of its “Essentials2020″ strategic plan,” Orange said in a statement.
“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.”
https://telecoms.com/410802/orange-confirms-cloudwatt-acquisition/
The telecom giant firms right across Europe including Vodafone are investing something like 50 Billion Euro in new infrastructure mainly to increase bandwidth as preparation for the IoT revolution creating what is known as BIG DATA to avoid systems being overloaded.
Vodafone alone are investing 19 Billion GBP over the next three years…orange about 12 Billion Euros….massive investment strategies from all the mobile network operators.
In my view a quick fix is for those firms is to network there structures with IoT clouds like wot.io to save bandwidth…..we will watch and conclude that outcome.
Try doing the research and decide for yourselves.
LAN Cloud networks will save huge investment dollars for the smart mobile operators and this is the current space of opportunity for Cryptosoft.com