article thumbnail

IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

Declining market share Philippe Oliva, Atos co-CEO in charge of Eviden, outlined how the company plans use that capital, growing revenue by 7% annually through 2026. Atos had planned to divide into two publicly listed companies, but on August 1 announced it is taking a different route.

IBM 91
article thumbnail

IT services company Atos plans IBM-style split

CIO Business Intelligence

The largest of the three lines, “tech foundations,” bundles together what Atos calls its “mature” businesses: data centers and hosting; the digital workplace; unified communication and collaboration; and business process outsourcing. Bihmane has already set out his strategy to restore TFCo’s growth, profitability, and cashflow by 2026.

IBM 85
article thumbnail

5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

Madhumita Mazumdar, GM of information and communications technology, replaced six different telecom systems, along with its contact center, in favor of cloud-based unified communications platform RingCentral. Enterprise communications services saw slow but steady 1.6% The unified communications market’s meager 1.6%

Budget 145