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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 617
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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 728
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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 212
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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 699
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The Role of Network as a Service (NaaS) in Supporting Business Agility through an Asset-Lite Model

CIO

By: Amrita Shergill, Account Manager, NaaS and Ecosystem Sales. 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.

Business 617
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VMware customers take wait-and-see approach amid Broadcom changes

CIO

Broadcom has made a series of acquisitions under CEO Hock Tan’s leadership, including CA Technologies and Symantec’s enterprise security division, and Tan has often cut marketing expenses and dumped parts of the acquired company that underperform. But Somerset Capital runs its developer environment in house using VMware. “As

Capital 750
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Atos receives four offers of help

CIO

The loss-making IT services company is struggling to repay or reschedule its debts and has been looking for new sources of capital for almost two years , including the sale of various parts of the company, so far without success. Atos has given itself a month to choose between the offers. of the company.

Capital 663