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

Join the PC World newsletter!

Error: Please check your email address.

Tags Atosbusiness issuesserversHigh performanceBullhardware systemsinternetcloud computingMergers and acquisitions

Struggling for Christmas presents this year? Check out our Christmas Gift Guide for some top tech suggestions and more.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?