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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 Managed IT Services, Technology Industry

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

TechCrunch

From healthcare to manufacturing, traditional industries have been getting a digital makeover over the past decade. The early traction is what helped the startup close a €2 million seed funding round backed by industry giants. But some sectors have been left behind.

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

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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. 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.

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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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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.

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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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