Menu
Atos succeeds in bid to buy Bull, will boost security and cloud offerings

Atos succeeds in bid to buy Bull, will boost security and cloud offerings

The offer made in May has been approved by Bull shareholders

Atos's offer to acquire servers and services specialist Bull has been approved, making it possible for the company to beef up its security and cloud computing offerings.

The French IT services company announced a €620 million (US$830 million) bid for Bull at the end of May.

The deal required Atos to acquire 50 percent plus one share of Bull's equity, and that condition has been met, Atos said Monday. It will hold 84.25 percent of Bull's share capital and voting rights and 18.4 percent of the convertible bonds in circulation by a settlement date set for next Monday, the company said.

With the approval out of the way, Atos can get on with the integration work. The goal of the acquisition is to take advantage of Bull's know-how in sectors such as cloud operations, security and big data.

Additionally, Bull is a well-known vendor of supercomputers. The company had 17 entries in the June edition of the Top500 supercomputing list. However, Atos's ambitions for its high performance computing business goes beyond simply building supercomputers: the company plans to draw on Bull's expertise to boost the aforementioned cloud and big data services.

The deal will also enhance Atos' offerings for the manufacturing, healthcare, and public sectors, and will reinforce its footprint, mainly in France but also in other parts of the world such as Poland, Africa and Brazil, Atos said.

Bull isn't the only company Atos has acquired recently. In June, it bought Swiss IT consulting firm Cambridge Technology Partners. The goal with that deal is to strengthen its digital marketing expertise in the consumer goods, pharmaceutical and financial sectors, it said at the time.

Send news tips and comments to mikael_ricknas@idg.com


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags business issuesAtosHigh performanceserversBullhardware systemscloud computinginternetMergers and acquisitions

Featured

Slideshows

Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments