Atos has abandoned its plans to flog its Tech Foundations arm to EP Equity Investment (EPEI) after disagreeing on the price and terms of the deal.
The French IT giant said it will keep looking for other ways to eliminate the loss-making business, which sells old-fashioned tech to big clients.
An ATOS spokesman said Tech Foundations is still up for grabs, but they will run it alongside their Eviden unit, which sells trendy tech like cyber security and digital platforms.
It is starting to look like the predicted changes at Atos will be profound and transformative.
In August, the company said it was about to sell its Tech Foundations business to EP Equity Investment (EPEI).
Atos now confirms that preparatory stages of the project are underway and it has started social consultation with the Societas Europaea Council (SEC) and submitted most regulatory pre-filings or filings across the various concerned jurisdictions.
Atos reaffirmed the sale would offer the “most achievable execution path” to the separation of Tech Foundations and Eviden and would improve the risk profile of the group post-transaction.
The company announced its transformation plan in June 2022 of the full separation of Eviden and Tech Foundations.
Atos has entered into negotiations with Schneider Electric to flog its climate consulting and net-zero solutions provider EcoAct and its subsidiaries.
It would mean that Atos would secure its divestment programme of non-core assets while engaging in a strategic partnership with Schneider Electric on decarbonisation.
EcoAct offers a portfolio of services which covers the net-zero transition value chain, from planning and forecasting to carbon offsetting.
Airbus has given up on its plans to acquire a 29.9 per cent minority stake in French services giant Atos’ security business.
The company claimed the move does not meet objectives “in the current context and under the current structure”.
According to the Financial Times, Airbus surrendered to pressure from billionaire hedge fund manager, Chris Hohn to pull its bid on Evidian.
Atos thinks that things are getting better for it after seeing an increase in its full-year 2022 results.
Revenues climbed 4.6 per cent to €11.3 billion. While net income came in at a loss earning just over €1 billion compared with the €2.9 billion from FY21.
Those were some better numbers from last year when the outfit was forced to issue its second profit warning in seven months in its preliminary FY2021 financial figures, stating the revised guidance communicated in July 2021 will not be met due to “several significant effects”.
Atos is building and installing a new high-performance computer for research outfit the Max Planck Society.
The new system will be based on Atos’ latest BullSequana XH3000 platform, which is powered by AMD EPYC CPUs and Instinct accelerators. In its final configuration, the application performance will be three times higher than the current “Cobra” system, which is also based on Atos technologies.
Mitel’s channel has been promised that it will get the advantage of cross-sell opportunities once the deal to acquire Unify closes.
Mitel announced a €700 million move for the unified communications and collaboration (UCC) and communication and collaboration services (CCS) businesses of the Atos Group earlier this week, heralding the move as a positive one for the channel.
Mitel chief sales officer Graham Bevington said that his outfit and Unify share a common, channel-driven go-to-market approach that is well-suited to fuel success for channel partners.
“Partners would have a broader portfolio of products and services with which to ensure customers have the flexibility to choose the communications model they prefer, as well as more global resources to support the overall partner experience.
Atos has entered negotiations to sell its unified communications and collaboration (UCC) services business, Unify, to Canadian vendor Mitel.
The talks are part Atos’ divestment programme announced during its Capital Markets Day in June 2022.
The plan involves its separation into two publicly listed companies – Evidian, which would bring together its digital transformation, big data and cybersecurity services; and Atos (formerly TFCo), which would make up managed infrastructure services, digital workplace and professional services.
Hacker typing on a laptop
IT services giant Atos share price shot up after there were rumours that Airbus was snuffling around looking to buy its cybersecurity unit.
The group is reportedly in preliminary talks with Airbus to take a minority take in its Evidian business.
For those who came in late, Evidian is Atos’ Identity and Access Management software suite.
Last year the group announced plans to split into two publicly listed companies by spinning off its cybersecurity business under Evidian.
French services giant Atos has won a new contract with the Ministry of Defence (MoD).
The outfit will provide support for the MoD CORTISONE programme which focuses on the transformation of Defence Medical Services delivery within the UK’s Defence services.
It aims to improve patient outcomes while maximising resource efficiency and the number of service personnel fit for the role.
Atos said it is working in partnership with the MoD to transform healthcare information systems to support evidence-based patient-centric healthcare for the UK armed forces.
Enterprise security leaders in the UK are focused on cloud security, building up resilience against threats and aligning cybersecurity strategies with overall business goals.
A new research report The 2022 ISG Provider Lens Cybersecurity report from Information Services Group (ISG) claims cloud security is an enterprise manager’s top priority.
The growing use of cloud models such as infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) is forcing companies to adapt their cybersecurity approaches, with a focus on holistic resilience that requires more communication and training for employees and outside stakeholders, the report says.
Atos has announced another downward revision of its 2021 financial forecast.
The services giant now expects a revenue drop of 2.6 percent at constant currency to €10.8 billion, compared to its previous forecast of a 2.4 percent dip from last month.
The group also predicts its operating margin to come in at 3.5 percent versus the four percent announced in January. The free cash flow remains unchanged at negative €420 million.
Atos confirmed it will report its full-year earnings on February 28, as well as its 2022 plan.
This is the third profit warning in eight months for the company, which recently named a new CEO following the unexplained departure of the previous chief executive, just days after its second forecast revision.
Atos has issued its second profit warning in seven months in its preliminary FY2021 financial figures.
The French services giant told investors the revised guidance communicated in July last year will not be met due to “several significant effects”.
Atos had already lowered its annual objectives following a slower-than-expected recovery in the year’s first half.
The company now expects a 2.4 percent drop in its 2021 full-year revenues, totalling €10.8 billion against the previous forecast for a “stable” performance.
An Information Services Group report claims that enterprises are increasingly embracing a cloud-first approach to their IT investments.
The “2021 ISG Provider Lens Public Cloud – Services & Solutions Report for the UK” said that enterprises are looking to service providers to help them migrate more of their workloads to the public cloud.
It finds many large UK enterprises interested in hybrid cloud environments, which enable continued use of legacy IT systems, even though an increasing number of companies anticipate a time when they would migrate all of their IT assets to the cloud. Small and medium-sized enterprises, meanwhile, are looking at infrastructure-as-a-service (IaaS) options to replace their depreciated hardware assets.
ISG partner Jan Erik Aase said that the move to the cloud is expected to be the primary driver of IT market growth in the UK in the coming years.
Atos has expanded its decarbonisation portfolio to offer clients what it is billing as the “world’s first” certified carbon neutral laptops.
The deal has been set up with its global partner, Circular Computing.
The French systems integrator said the newly formed partnership will enable Atos to expand its Net Zero Transformation portfolio with carbon-neutral remanufactured laptops to support its clients to reach their sustainability goals.
Circular Computing is a member of Atos’ Scaler accelerator programme and a remanufacturer of carbon-neutral laptop products as well as the world’s first BSI Kitemark certified laptop remanufacturer, according to Atos.
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