article thumbnail

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 Managed IT Services, Technology Industry

.Net 265
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.

Trending Sources

article thumbnail

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

TechCrunch

The spike in cost was in part due to an increase in global consumption, ports shut down by COVID-19 and supply chain disruptions during the outbreak, the founder explained. Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless by Rita Liao originally published on TechCrunch.

article thumbnail

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.

Survey 319
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

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. As startups whip up a restaurant tech frenzy, is anyone close to Toast? Toast also said it is on track to generate revenues of $2.6 billion this year.

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.