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Atos calls for help after plan to raise new capital falters

CIO

French IT services company Atos has called on a third-party trustee to help it negotiate debt refinancing with its banks after plans to raise €720 million in new capital through a rights issue fell through. It announced it requested the appointment Monday, promising to give an update on the negotiations in due course.

Capital 567
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Why IT leaders are putting more business spin on security spend

CIO

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going.

Security 696
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Securing Venture Capital for Your New Cloud Startup

Smart Data Collective

You won’t be able to do so without a significant amount of capital. Of course, they had to spend a lot more money to start their business in the first place. You can’t underestimate the cost of launching and growing a cloud-based business. Getting Venture Capital for Your Cloud Startup.

Startups 214
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VMware customers take wait-and-see approach amid Broadcom changes

CIO

When tech giant Broadcom acquired virtualization market leader VMware last October, it restructured licensing terms, laid off thousands of employees, and terminated partner agreements with resellers and service providers. But Somerset Capital runs its developer environment in house using VMware. “As Do we go with something else?’”

Capital 697
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IBM to acquire Octo to boost its US government business

CIO

IBM has announced it is acquiring US-based digital transformation services provider Octo for an undisclosed amount from private equity firm Arlington Capital Partners. Its consulting business alone has acquired 13 companies to boost its offerings. billion for the quarter ended September 2022, an increase of 14% year-on-year.

Business 611
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The Role of Network as a Service (NaaS) in Supporting Business Agility through an Asset-Lite Model

CIO

COVID-19’s disruption of traditional business models has paved the way for long overdue business operational changes. Due to these tough conditions, organizations required working capital to keep the lights on. NaaS allows organizations to focus on its core business and maximize profits and shareholder value.

Business 557
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Secure data-first modernization? Leverage a trusted ecosystem of partners

CIO

This can help IT teams map the right set of services to unique workflows and to ensure that data is securely managed and accessible regardless of location. Yet there’s no singular, one-size-fits-all framework for secure data storage and management. Upgrading IT and data security to reduce corporate risk was the No.

Security 325