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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. Atos is still discussing the sale of Tech Foundations with EP Equity Investment. IT Operations, Managed IT Services

Capital 600
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Business AI will change the way businesses are run

CIO

Less than a year after most CIOs and business leaders even heard the expression “generative artificial intelligence,” for the first time, this technology has set off a wave of innovation that will dramatically change how businesses are run. We believe that business AI must be relevant, reliable, and responsible by design.

Business 863
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Atos contemplates fire sale as break-up plan falters

CIO

French IT services company Atos is floundering as it seeks to refocus its business. Negotiations over the sale of its legacy infrastructure services business are dragging on, and the company is contemplating the sale of more profitable activities such as its big data and security business to meet debt repayment obligations.

Sales 711
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Step 1 to becoming a business-savvy CIO

CIO

Business alignment is often heralded as a key tenet of successful IT strategies. Popular ways of ensuring IT efforts align with business goals range from co-developing strategic plans with executives on the business side of the company to actively collaborating with business users on projects aimed to derive more value from their efforts.

Business 650
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Atos CEO Yves Bernaert quits over governance differences

CIO

Two weeks ago, the company announced plans to sell off more of its activities , as it struggled to conclude the sale of its managed infrastructure services business, known as Tech Foundations, to EP Equity Investment. The company needs to raise capital as it seeks to renegotiate €1.5 billion ($1.65

Finance 650
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Accenture buys supply chain firm to expand Oracle business

CIO

Accenture on Wednesday said that it was acquiring US-based supply chain management (SCM) software provider Inspirage for an undisclosed amount to expand its Oracle-focused business. Accenture, which has been an Oracle partner for more than 30 years, has been on an acquisition spree to expand its Oracle business over the last few years.

Business 638
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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