French IT Services Corporation Atos to Buy Cloud, Cybersecurity and Big Data Company Bull
French IT services corporation Atos is to buy Bull. The move will make Atos Europe’s largest cloud, cybersecurity and big data provider. Founded in 2000, Paris-based Atos will offer shares to the public at a cost of €4.90 ($6.6) a share. The acquisition has been agreed by board members of both organizations.
In the 1990s Bull was involved in a number of areas including microchips, but transitioned to software development and secure smartphone technology for the military. The company has a presence in around 50 countries and in 2013 generated revenue €1,262 ($925) million. Combined with Atos, the resulting organization offers a unique capability set within Europe and strengthens Atos’ position in a range of sectors including healthcare and manufacturing. The move also strengthens Atos’ position in countries that include Africa, Brazil and Poland.
“I welcome this combination as a major step to anchor our European leadership in Cloud, Big Data, and Cybersecurity, toward our 2016 Ambition to become a Tier 1 company and THE preferred European global IT brand,” explained Atos’ CEO and Chairman, Thierry Breton. ”Bull’s highly recognized teams in advanced technologies such as high computing power, data analytics management, and cybersecurity ideally complement Atos’ large scale operations. Thanks to our integration capabilities and operational effectiveness culture, this transaction will strongly benefit Bull and Atos clients, employees, and shareholders.”
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