IT services provider Atos has announced plans to acquire Bull, the French supercomputing vendor. Already approved by the boards of both companies, the transaction intends to create an entity dedicated to Big Data & Cloud under the Bull brand with revenue of circa €500 million.IT services provider Atos has announced plans to acquire Bull, the French supercomputing vendor. The objective is to leverage the global reach of Atos with Bull’s unique expertise in Cybersecurity and High Performance Computing.
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. 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.”
The transaction is expected to close in August of 2014.