Orange has bought out its two partners in Cloudwatt, the France-based cloud computing company.

The operator has acquired the 22.2 percent owned by electronic systems manufacturer Thales and the 33.3 percent owned by French financial company Caisse des Dépôts.

Financial details of the deal were not disclosed.

Cloudwatt offers data storage and public cloud services to businesses in France and Europe.

It has a data centre in Normandy and guarantees that all client data is hosted in France.

Orange said the acquisition would strengthen its enterprise cloud services offering.

Earlier this week, the operator gave its enterprise arm, Orange Business Services, a target of increasing IT services revenues by 10 percentage points over the next five years.

OBS revenues fell 2.3 percent in 2014.

Cloud is one of the five key areas that OBS Chief Executive Thierry Bonhomme is counting on to turn the performance of his business around.

However, last October he revealed revenue growth is likely to be at least five years away.

An Orange statement read: “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.”

According to a UK survey unveiled last month, the majority of businesses are spending just 10 percent of their IT budget on cloud services currently.

Concerns around security, regulation and integration are the main challenges the enterprise market has around future adoption, the KPMG study revealed.

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