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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

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. French IT services company Atos is floundering as it seeks to refocus its business.

Sales 725
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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. You are going to need to recognize the barriers to entry in this industry and make sure that you have access to the capital needed to cover these costs. You might want to consider using venture capital to raise the funds needed to grow your cloud business.

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 696
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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 747
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Decoding Salesforce’s plausible $11 billion bid to acquire Informatica

CIO

Salesforce to capitalize on the GenAI demand Salesforce’s possible bid to acquire Informatica could be a result of the company’s strategy to capitalize on the growing demand for generative AI , analysts said. One would assume that Salesforce would see some efficiencies of scale in sales, marketing, and cloud infrastructure resources.

Airline 804
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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.

Capital 662