Orange Invests in the ‘Move Capital I’ Venture Capital Fund to Support European B2B Technology Companies
04 Janvier 2022 - 10:01AM
Business Wire
Orange, via its holding company Orange Digital Investment, is
investing in the ‘Move Capital I’ fund, a Kepler Cheuvreux Invest
“Tech Growth” fund that supports future B2B champions of European
tech. Move Capital is active in the fields of digital technology:
IoT, Artificial Intelligence, Data Analytics, Cybersecurity, Cloud
and Industry 4.0. This investment is a boost for Orange Business
Services, the global enterprise entity of the Orange Group.
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By partnering with the Move Capital I
fund, Orange Business Services is confirming its desire to become a
stakeholder with a recognized panel of promising European
technology companies in order to enhance its innovation strategy.
(Photo credit: Orange Business Services)
Orange Business Services and Move Capital share a common vision:
to assist, support and finance French and European tech companies
in the digital B2B sector to facilitate their development and
emergence and ensure European technological sovereignty.
The B2B technology ecosystem is in the midst of change with a
series of happenings such as the deployment of 5G, the data boom,
the rise in connected objects, the migration of services and
solutions to the cloud and overall, the need to protect these
ecosystems with cybersecurity solutions.
For Orange Business Services, these rapid changes emphasize the
importance of being supported by trusted partners. The digital
economy is restructuring around an ecosystem of partners whose aim
is to combine the best technologies in the market to cover the
needs of innovative companies across the entire value chain.
By partnering with the Move Capital I fund, Orange Business
Services is confirming its desire to become a stakeholder with a
recognized panel of promising European technology companies in
order to enhance its innovation strategy.
“We’re convinced that this investment in the Move Capital I fund
is key to anticipating our customers’ needs, strengthening our
services innovation and expertise in a dynamic B2B market
landscape. As a network-native digital services company, we take
advantage of a rich and innovative ecosystem to support our clients
in their digital transformation and create a positive impact on
their activities. A digital European approach to B2B is much
appreciated by our global clients given the increasing
fragmentation of digital ecosystems”, said Laurent Godicheau, Chief
Strategy Officer of Orange Business Services.
“This investment in the Move Capital I fund will enable us,
beyond the expected financial return, to implement a strong
partnership with the Move Capital and Kepler Cheuvreux Invest teams
and their ecosystem. We’re delighted to support Orange Business
Services in this block of their innovation strategy by actively
developing this partnership and new synergies”, announced Maï de la
Rochefordière, Deputy CEO of Orange Digital Investment.
“We are very happy with the trust that Orange, as an anchor
investor, has shown in the Move Capital fund. With Orange Business
Services, we have a common vision and a willingness to support the
emergence of French and European tech companies to further
strengthen that ecosystem”, added Sophie Sursock and Hervé
Malausséna, the co-founders of Move Capital.
About Orange Orange is one of the world’s
leading telecommunications operators with sales of 42.3 billion
euros in 2020 and 137,000 employees worldwide at September 30,
2021, including 79,000 employees in France. The Group has a total
customer base of 266 million customers worldwide at Thursday,
September 30, 2021, including 222 million mobile customers and 22
million 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). To find out more (online and via
your mobile device), go to: www.orange.com, www.orange-business.com
or to follow us on Twitter: @orangegrouppr. Orange and any other
Orange product or service names included in this material are
trademarks of Orange or Orange Brand Services Limited.
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version on businesswire.com: https://www.businesswire.com/news/home/20220104005480/en/
Press: Richard Rousseau ; richard2.rousseau@orange.com ; +33 (0)
6 86 52 64 84 Ibtissame Nafii ; ibtissame.nafii@orange.com ; +33
(0) 6 37 38 60 50 Orange Business Services: Christelle
Innavong-Hanot ; christelle.innavong@orange.com; +33 (0) 6 31 43 37
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