Orange Digital Ventures invests in InterCloud to support European leadership in cloud interconnection

Orange Digital Ventures announces its investment in InterCloud as it strives for European leadership in cloud interconnection.

Orange Digital Ventures announces its investment in InterCloud as it strives for European leadership in cloud interconnection. Orange Digital Ventures is leading a €22 million financing round of InterCloud, alongside three new investors (Open CNP, UL Invest and Weber Invest) and its historical investors who are renewing their confidence (CapHorn Invest, Ventech, Hi Inov, SNCF Digital Ventures, BPI France).

InterCloud is a leader in fully managed Software-Defined cloud applications interconnection, working with global enterprises to deploy resources in a multi-cloud environment. Thanks to its global application platform, InterCloud is the only SDCI (Software-Defined Cloud Interconnect) capable of providing an end-to-end managed turnkey service, enabling companies to simplify their infrastructures, offering them greater visibility and control over their multi-cloud applications.

In leading the financing round, Orange Digital Ventures is seeking to partner in the international growth of European digital champions such as InterCloud. Orange is thus welcoming a new player into its innovation ecosystem and will support it in its technological and commercial expansion.

The new investment will further strengthen InterCloud’s European market position as the leader in interconnection services in Europe, as well as accelerate the development of new services.

Etienne Moreau, Investment Manager, Orange Digital Ventures
"InterCloud's unique strategic vision confirms the scale of future developments in the convergence of Telecom, IT and security in the era of open and automated software solutions. The quality of execution and service of the teams involved in this project makes InterCloud the European leader and a future international player that cannot be ignored and a pioneer. "

Jérôme Dilouya, CEO of InterCloud,
"We are delighted to welcome new partners, thanks to which we will be able to accelerate our commercial deployment in Europe, building on our recent successes to conquer the entire continent.”

About InterCloud

InterCloud is the leading Software-Defined Cloud Interconnect (SDCI) platform delivering fully managed solutions to seamlessly interconnect multi-cloud resources at scale. By providing enterprise-grade solutions enriched with advanced security & performance functions, InterCloud ensures that companies gain visibility, control and confidence over their cloud applications’ traffic. Leaders such as Airbus, Schneider Electric & Sodexo trust InterCloud to deliver end-to-end solutions tailored to their corporate security policies.

About Orange Digital Ventures

Orange Digital Ventures is a 150 million euros early-stage tech fund which invests globally. It finances disruptive start-ups in the fields of connectivity & networks, enterprise SaaS (cloud, AI, big data, cybersecurity…), Fintech and Internet of Things. Backed by the Orange group, the fund provides “smart money” by facilitating synergies with its various business units and its 263 million customers in 29 countries.
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Orange is one of the world’s leading telecommunications operators with sales of 41 billion euros in 2018 and 148,000 employees worldwide at 30 September 2019, including 88,000 employees in France. The Group has a total customer base of 268 million customers worldwide at 30 September 2019, including 209 million mobile customers and 21million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).

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