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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. In 2023, the company made a net loss of €3.4 billion, compared to a net loss of €1 billion on revenue of €11.3 billion in 2022.

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Airbus abandons possible acquisition of Atos data division

CIO

Airbus, a potential acquirer of the IT services company’s big data and security business, has walked away from the deal after completing its “due diligence” investigation. He only took over the top role at the company in mid-January. Managed IT Services, Mergers and Acquisitions, Technology Industry Another buyer?

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Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless

TechCrunch

” So far the company has done more than 10,000 inspections for roughly 250 vessels around the world. Some of its more reputable customers include Columbia Shipmanagement (one of the world’s largest privately owned shipping companies), Marlow Navigation, USC Barnkrug, CTM and The Asian Spirit Steamship Company.

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As startups whip up a restaurant tech frenzy, is anyone close to Toast?

TechCrunch

Technology innovation often comes in waves, but the restaurant industry saw its surf get bigger and stronger due in part to the pandemic. Toast, a financial software company focused on restaurants, has remained one of the leaders in the space. As startups whip up a restaurant tech frenzy, is anyone close to Toast?

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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. year on year and in line with the company’s previous forecasts.

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Dell cuts jobs amid growing economic uncertainties

CIO

In its latest filing, the company said it continued executing cost management measures, “including limiting external hiring, employee reorganizations, and other actions” to align its investments with strategic priorities and customer needs. This workforce adjustment is part of a wider wave of layoffs within the technology sector.

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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO

There is a promising surge in the use of AI technologies across various industries. This transition has propelled AI and machine learning to the forefront, with 51% of CIOs identifying these technologies as among their most urgent priorities, alongside cybersecurity, highlighting their crucial role in driving organizational success.

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