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Atos staves off bankruptcy, casts wider net for refinancing

CIO

In search of a quick fix for the debt problem, the company has spent much of the past two years preparing to spin off its legacy infrastructure management activities as a separate business, Tech Foundations, much as IBM spun out Kyndryl. In 2023, the company made a net loss of €3.4 Another project to raise €1.8 billion in 2022.

.Net 264
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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. Airbus already has a cybersecurity business of its own, and manages vast quantities of data generated by its earth observation satellites.

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

CIO

CIOs rank AI as a top priority alongside cybersecurity for IT departments. However, barriers such as adoption speed and security concerns hinder rapid AI integration, according to a new survey. There is a promising surge in the use of AI technologies across various industries. Today’s CIOs are working in a tornado of innovation.

Survey 318
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Atos deal to sell its legacy service business falls through

CIO

Exclusive talks with EP Equity Investment over the sale of the Tech Foundations business ended after the two parties failed to agree on deal terms and pricing. “We Meanwhile, Atos will continue to operate both halves of the company, Tech Foundations and Eviden, as separate entities with a coordinated go-to-market strategy, he said.

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Thoma Bravo buys cybersecurity vendor Proofpoint for $12.3B in cash

TechCrunch

More M&A activity is underway in the red-hot field of cybersecurity. In the latest development, private equity giant Thoma Bravo is buying Proofpoint , the SaaS security vendor, for $12.3 It also however reported a GAAP net loss of $45.3 That’s narrowed from a net loss of $66.8 billion in cash.

.Net 254
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NLP helps Eli Lilly work at a global scale

CIO

Operating at that scale comes with issues, not the least of which is sharing accurate and timely information internally and externally. From internal training materials to formal, technical communications to regulatory agencies, Lilly is translating information often,” says Timothy F. Passion project pays off.

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Cybersecurity Snapshot: Cyber Agencies Offer Secure AI Tips, while Stanford Issues In-Depth AI Trends Analysis, Including of AI Security

Tenable

Check out recommendations for securing AI systems from the Five Eyes cybersecurity agencies. Plus, Stanford University offers a comprehensive review of AI trends. Check out the AI security recommendations jointly published this week by cybersecurity agencies from the Five Eyes countries: Australia, Canada, New Zealand, the U.K.