Atos can possibly sell cybersecurity division to Airbus
Atos plans to divest and sell its big data and cybersecurity business. One possible candidate buyer is aircraft manufacturer Airbus, according to a recent market update from the company.
Atos has been restructuring its operations and trying to split up the company for the past two years. This is... Read more
Eviden to build first European exascale supercomputer for 273 million
European plans for a supercomputer are taking shape. Eviden, an Atos subsidiary, will start work on it from the beginning of 2024.
The contract was awarded by the European High Performance Computing Joint Undertaking (EuroHPC JU), which will also cover half the cost to turn the project into a re... Read more
Atos wants to rid itself of legacy and debt
Atos is in the process of splitting up and appears to have found a buyer for its legacy division. This would put the company's transformation on a trajectory similar to that of IBM's 2021 spin-off of Kyndryl.
The French IT provider came up with Eviden, a subsidiary that held together security an... Read more
Rise in UK public sector IT spending raises concerns
According to recent research from Tussell, public sector IT spending hit £17.3 billion in the UK in 2022, doubling from 5 percent in 2021 to 10 percent last year. Concerns arise over the government's reliance on a select group of vendors.
The report attributed the growth to increased IT infrast... Read more
Atos receives €27M settlement for botched UK procurement process
The UK government recently paid a €27 million settlement to French IT multinational Atos after failing to direct a supercomputing contract awarded to Microsoft.
In April 2021, the UK Meteorological Office gave Microsoft an £850 million contract for the construction of a supercomputer to prot... Read more
‘Airbus shows interest in minority share of Atos’s Evidian’
Shares in French IT giant Atos rose on Monday after newspaper Les Echos reported that Airbus had initiated exploratory talks to acquire a minority stake in the company’s cybersecurity unit.
The newspaper cited anonymous sources. In an email statement, Airbus said it would not comment on specu... Read more
Atos closes five-year deal with AWS for customer cloud migrations
Atos has selected Amazon Web Services (AWS) as its preferred partner for migrating customer workloads to the cloud.
The French IT giant committed to a five-year collaboration with AWS. The company will use AWS for its infrastructure services, DevOps and machine learning initiatives.
The part... Read more
Atos plans to split into two companies in 2023 ‘at the earliest’
The French group says it will complete its split in 2023 "at the earliest".
Atos's plan to split into two publicly listed companies will be completed by mid-2023 at the earliest, the French IT consulting group told Reuters on Tuesday, contradicting an earlier report by French media BFM TV. In a ... Read more
Atos refuses €4.2 billion acquisition bid
Atos refused a €4.2 billion bid for the acquisition of Evidian. Atos plans to spin off the division in the coming months.
The share price of the French IT services provider plummeted over the course of last year. Atos lost nearly 500 percent in value. The downward spiral began in February 202... Read more
Atos secures financing to ensure corporate split later this year
A new debt package will help finance the company through its split into two separate global solution providers.
Atos is a global systems integrator and solution provider with a focus on cloud, digital transformation and security. This week Atos told investors hat the company has secured a new de... Read more