manageditservices
Atos has opted for a rescue offer from Onepoint consortium that, together with offers from the French government and Alten to acquire parts of the business, lifts the cloud of uncertainty hanging over the ailing French IT services company. Onepoint’s proposal provides for a restructuring of Atos’ financial debt and the establishment of a sustainable capital structure, Atos said on Tuesday, the same day it announced that it had received a €270 million (about $290 million) offer from engineering consultant Alten to acquire Worldgrid, the part of Atos that provides consulting services to energy a...
CIO
Managed infrastructure services provider Kyndryl is considering a bid for competitor DXC Technology, Reuters reported Monday, citing people familiar with the matter. It said that Kyndryl is discussing the bid with private equity fund Apollo Global, and that they could offer between $22 and $25 per share to buy DXC, prompting the DXC share price to rise from around $16 when the markets opened Monday morning to nearer $19 at close on Wednesday. The Reuters report also noted that DXC “is separately soliciting bids to sell its insurance software business for more than $2 billion and may opt to rem...
CIO
For CIOs seeking new sources of innovation and support in a rapidly globalizing commercial scene, regions that used to be too remote are now going toe to toe with the more established dominant players. The days when the US, Europe, and other countries like India, Japan, and Israel were the only countries of choice are fading. What we see today are cities, conurbations, countries, and regions everywhere bidding to make their own Silicon Valley-style hubs, manufacturing nexuses, services operations centers, and development factories. And one example that has vaulting tech ambitions is Vietnam. T...
CIO
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