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Atos deal to sell its legacy service business falls through

CIO

French IT services company Atos has put an end to its attempts to sell its ailing legacy managed infrastructure services business after failing to reach an agreement with a prospective buyer, and will now have to glue the two halves of its business back together. Tech Foundations accounted for €5.6 billion (about $11.6

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IOWN: Innovating for a sustainable future

CIO

IOWN is a communication infrastructure that uses optical and photonic technologies to deliver ultra-high-capacity, ultra-low-latency and ultra-low-power communications. The IOWN concept aims to transform existing information and communication systems into a new infrastructure that goes beyond the limitations of current technology.

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A new era for VMware Cloud Service Provider Partners begins

CIO

Broadcom’s strategy is to drive adoption of our full stack VMware Cloud Foundation as the best subscription-based private cloud platform for our customers’ innovation. We will rely heavily on partners to help customers transform their business with our private cloud infrastructure.

Cloud 147
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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. Could you share some facts and figures about Mashreq’s digital transformation process over recent years?

Banking 297
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8 strategies for accelerating IT modernization

CIO

Feats like that have ramped up pressure on CIOs to not just modernize, but modernize faster so they’re ready to seize new opportunities as they arise by having infrastructure that can support emerging technologies and a team that isn’t mired in maintenance mode. In contrast, only 27% of those categorized as DX laggards say as much.

Strategy 351
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Atos staves off bankruptcy, casts wider net for refinancing

CIO

But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. David Layani, CEO of French IT services company Onepoint, which is Atos’ largest shareholder, wants to keep the company together.

.Net 254
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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