article thumbnail

Atos staves off bankruptcy, casts wider net for refinancing

CIO

The trouble with Atos The challenge for Atos is that, despite a succession of new CEOs , new board members, and new strategies, it still keeps losing money — and it is already heavily loaded with debt, making banks reluctant to extend more credit to help it through the continuing bad times. In 2023, the company made a net loss of €3.4

.Net 251
article thumbnail

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. Managed IT Services, Mergers and Acquisitions, Technology Industry He only took over the top role at the company in mid-January. Another buyer?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

14 climate tech investors share their H1 2022 strategies

TechCrunch

Last year, round sizes for climate tech startups quadrupled, with more than 600 investments totaling over $40 billion. What is your climate tech investment thesis in H1 2022? I see it as a net positive that I don’t think there’s enough capital that we could put towards this to really find the underlying true issues here.

article thumbnail

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.

article thumbnail

Dell cuts jobs amid growing economic uncertainties

CIO

This workforce adjustment is part of a wider wave of layoffs within the technology sector. In 2024 alone, 168 tech companies have collectively laid off 42,324 employees. The consensus seems to be that the workforce of tomorrow will be smaller than today’s, due to the efficiencies introduced by generative AI.

article thumbnail

For founders who want to launch apps, ‘being non-technical is not a limitation’

TechCrunch

Our clients are often very focused on the hardware side, which requires us to be more diligent when working on the software/firmware side of the project to ensure everything will work together smoothly. Our PM and UX teams also conduct workshops, as we typically work with net-new project types and things that we haven’t done before.

article thumbnail

Fortis Digital Ventures closing $100 million raise for new crypto fund

TechCrunch

By building an investment fund focused on blockchain opportunities, we get to spend our time doing due diligence on teams and tech in web3, which gives us insight into what is missing in the market,” Mike Boroughs, co-founder and managing partner of Fortis Digital Ventures, told TechCrunch.