France to form Andromede cloud computing JV in November

Sunday 25 September 2011 | 09:30 CET | News
The French state will invest EUR 135 million in national cloud computing alliance Andromede, Les Echos reports. The joint venture will be formed on 1 November with the backing of France Telecom-Orange, Thales and Dassault Systemes. The state will hold a one-third stake. Orange and Dassault will own 26.7 percent for EUR 60 million each and Thales 13.3 percent for EUR 30 million. Documents submitted to personnel representatives state that Andromede will be a "completely independent" entity and that its management will not be chosen amongst its industrial partners. The board will be composed of

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Categories: Fixed / IT
Companies: Dassault Systemes / France Telecom / Microsoft / Orange / Thales
Countries: France
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