ATOS ACQUISITIONS
French IT company Atos to sell Latin American businesses to Brazil's Semantix
The business to be sold employs about 2,800 people in Brazil, Argentina, Chile, Colombia, Peru and Uruguay, Atos said, without disclosing the financial details of the transaction. It expects to close the deal in the coming months.
Fintech startup AtoB to open Bengaluru R&D centre, expand global footprint
Founded in 2019, AtoB sees major opportunity in modernising payments for the $1 trillion commercial fuel and transportation industry, particularly trucking. It partners not only truckers and small businesses but major banks as well as oil and gas companies, building a digital infrastructure to bring them together, cofounder and CEO Vignan Velivela said.
French government offers to buy IT firm Atos' advanced computing activities
Atos, which secures communications for the French military and secret services and manufactures servers to make supercomputers, is undergoing a restructuring to tackle its large debt.
Cognizant's $570 million trade-secret case win against Syntel thrown out on appeal
The New York-based 2nd US Circuit Court of Appeals said Cognizant was not entitled to the damages under the federal trade secret law and ordered a Manhattan federal court to reconsider based on other grounds.
French tech company Atos rejects bid interest valued at $4.1 billion for its Evidian arm
"Following the thorough examination of this preliminary and non-binding mark of interest, and upon the recommendation of its ad hoc committee, the board of directors has convened and unanimously concluded that it is not in the interest of the company and its stakeholders," said Atos.
India talent base is critical to our long term growth strategy: Atos Group CEO
“India is increasingly important as a growth engine of the company,” Belmer told ET on his maiden visit to India since taking charge of the €2.9-billion company just about 100 days ago.
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French technology firm Atos will recruit about 15,000 people in India over the next 12 months
India is an important market for the French firm, which is partnering with the government on the National Supercomputing Mission. Atos has invested in NSM by way of assembly and testing of high-performance computers. The French technology firm will recruit about 15,000 people in India over the next 12 months, adding to its existing workforce of 40,000 in the country.
Atos to hire about 15,000 people in India over the next 12 months
India is an important market for the French firm, which is partnering with the government on the National Supercomputing Mission.
Atos makes three more acquistions while reporting a drop in revenue
Atos' acquisitions of Canada's Processia, UK-based Ipsotek and German cybersecurity firm Cryptovision come months after the IT firm discontinued talks to buy US-based DXC Technology in an over $10-billion deal.
Atos ends talks with DXC for a potential acquisition
Atos and DXC have “agreed to discontinue further discussions” on the acquisition proposal. The combined entity would have created a total workforce of 75,000 people in India.
European shares rise on recovery hopes, technology shares gain
An upbeat mood from Asian markets spilt over to Europe in early trading on hopes of more stimulus for the U.S. economy.
Atos-DXC merger, if successful, won't pose a threat to Indian IT firms
If not a threat, the Atos-DXC merger will at least allow the combined entity to compete with the likes of TCS, Infosys, Accenture and IBM, especially in the cloud-services space, Greyhound Research CEO Sanchit Vir Gogia says.
French IT firm Atos makes $10 billion DXC takeover approach: Sources
Atos, which is working with advisers on a bid for the former Hewlett Packard Enterprise business, made a formal approach to New York-listed DXC this week, the sources told Reuters on condition of anonymity.
Time Mindtree, L&T top brass sat and talked real business: Phaneesh Murthy
The only logical way forward for Mindtree founders is to sit together and agree on a common framework to operate .
Atos buys Syntel for $3.4 billion to expand North America footprint
Both Atos and Syntel have significant presence in India.Syntel, which has 23,000 engineers in 30 countries, has over 18,000 staff based in India.Atos has about 16,000 people.
TCS does a u-turn, restarts talks to buy Perot IT business from Dell
Perot generated about $2.6 billion in annual revenue when it was acquired by Dell in 2009, according to company reports.
TCS backed out of talks to buy Dell's Perot Systems
Perot Systems is a provider of IT outsourcing and consulting services to hospitals and government organizations and departments in the United States.
Capgemini likely to acquire Nasdaq-listed Igate
Igate employs 33,000 people, most of that in India. In January, Over 40% of Capgemini's global workforce of 1.41 lakh employees is based in India.
Apax pullout from IGate could trigger bidding war: Capgemini, Atos & Genpact in race for stake
US-listed company has been put on the block by Apax Partners, which owns about 30% of the company. Apax had financed IGate’s $1.2-billion takeover of Patni.
After Capgemini, Atos Origin to bet big on India, hire 10,000 staff
Atos Origin is the new competition for Indian IT cos, as it plans to add about 10,000 staff to more than double its workforce in India by 2016.
RIL co, French IT services major Atos in race to man PSB ‘swipe’
India has more than 314 million debit cards but less than 10% of them are used for transactions at shops.
Post-Siemens deal, Atos Orgin plans to grow to 10,000 people in India
In an interview with ET Bureau, Gilles Grapinet, member of the executive team of Atos reporting to CEO Thierry Burton speaks exclusively to N Shivpariya.
Atos acquires Siemens IT Solutions and Services
Atos said it has completed the acquisition of Siemens IT Solutions and Services GmbH, the holding company of all IT activities of engineering giant Siemens.
Europe’s card services company to buy Venture Infotek for $100 million
This will be the largest deal in the payment space, bigger than KKR’s acquisition of ICICI Bank’s merchant acquiring business.
Infosys prefers small cos to bigger foreign buys
Infosys Technologies ruled out the acquisition of a large European outsourcing rival like Logica, and said the company would instead look for smaller, back office and consulting firms in Germany and France.
Cash-rich IT majors find Deal St too risky to tread
IT cos feel acquisition of big overseas firms may dent profitability & double-digit growth rates.
Satyam eyes acquisitions in France, bets big on Germany
As part of its expansion plans in Europe, leading software major Satyam Computer Services is mulling acquisitions in France, a top company official said.
Infosys may mount Euro 4.6 bn bid for UK's Sage
Infosys chairman Nandan Nilekani, who recently moved out of operational charge, is seen leading the M&A activity, which is increasingly coming on the company's radar.
French IT cos focus on India
After years of wait-and-watch driven by internal resistance and client scepticism, French IT service providers are warming up to offshore strategy and creating delivery centres in locations such as India, although a bulk of them still remain cautious about acquiring offshore services firms.
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