Mergers & acquisitions

Orange Business Services Acquires E-Health Company Enovacom

Orange Business Services is acquiring healthcare software company Enovacom to provide new services to healthcare institutions undergoing digital transformations.

Once the acquisition is complete, Enovacom will become a subsidiary of Orange Business Services and operate under Orange Healthcare -- Orange Business Services' existing health subsidiary. More than 1,500 healthcare sites both in France and globally use Enovacom's software to manage and securely share patient healthcare data with partners. (See Orange Business Services Acquires E-Health Player Enovacom.)

Thierry Bonhomme, deputy CEO of the Orange Group, says the Enovacom acquisition benefits Orange Business Services' "growth strategy in the healthcare market, especially under the Territorial Hospital Groups (Groupements Hospitaliers de Territoire) reform, which has made communication between hospitals and equipment interoperability a major issue," according to a statement in the release.

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Orange claims to be the first telco in France to "become an accredited provider of hosting services for personal healthcare data," and its Flexible Compute Sante service uses cloud technology to store and provide remote access to hosted data for healthcare professionals and institutions. In January 2016, French legislators issued new regulations to improve safeguards for the hosting of patient healthcare data.

Laurent Frigara and Renaud Luparia, chief executives of Enovacom, added that its customers will benefit from Orange's focus on "cloud computing, communication infrastructure, security, connected objects and customer experience."

Enovacom generated revenues of around €10 million (US$12.5 million) in 2016. The acquisition is set to complete within the next few weeks, but the amount has not yet been disclosed. (See Eurobites: DT, Nokia Put 5G to the Industrial Test.)

— Kelsey Kusterer Ziser, Senior Editor, Light Reading

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