Orange Business Services, a subsidiary of France Telecom , has strengthened its position in the enterprise security service market by expanding its reach. This indicates the increased demand of cyber security consulting and support services from various organisations.
At present, Orange Business Services is being supported by 350 efficient security consultants and is available in more than 220 countries and territories, having more than 100,000 customers all over the world. Strengthening its SAAS (Security as a Service) services is part of its Conquests 2015 strategic plan, which aims to improve operational efficiency by sharing different practices and business models to enhance group development.
Globally, enterprises are facing increased number of hidden security threats and need to remain updated about the potential risks that they could face. Orange Business Services provides companies with cloud-based IT security solutions to analyse and manage their office security and take appropriate action, when necessary.
Recently, the company teamed up with SafeNet to provide its Secure Authentication solution over the cloud. SafeNet’s Authentication Service provides its enterprise customers with an additional layer of security, while accessing vital corporate information. This cloud-based solution will help enterprises to eliminate the cost and complexities of owning and managing their own equipment and employees.
Additionally, 60% of business executives using smartphones for professional purpose use them to view personal content also. At the same time, a major challenge for enterprises is to identify a device and match it with its user. Orange’s Flexible Identity aids enterprises to meet this challenge as the cloud-based solution provides access to the business resources from any location.
Orange Business service is expected to deliver more than 10% growth per year through 2016. We believe that strengthening the security service business will allow France Telecom to offset its declining wireless business and capitalize on the growing opportunity in the cloud-based security market.
France Telecom currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Other stocks to consider within the same industry are Rogers Communications Inc. (RCI - Free Report) , Oi S.A. and Liberty Global Inc. (LBTYA - Free Report) . All these stocks currently carry a Zacks Rank #2 (Buy).