France's Atos Boosts US Presence With $3.4 Billion Syntel Acquisition (reuters.com)

Posted by msmash on Sunday July 22, 2018 @11:30PM from the marching-forward dept.

French IT services company Atos is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel. From a report: Atos, which provides IT services to sectors ranging from aerospace to retail, said the deal, announced Sunday, to buy Syntel will strengthen its activities in banking, finance and insurance and allow it to provide complete IT solutions to its U.S. customers. "[The deal] will significantly enhance [the Business & Platform Solutions Division's] growth and profitability profile through an extended digital services offering, cutting-edge India-based delivery platforms, as well as revenue and cost synergies," Atos Chief Executive Thierry Breton said in a statement.

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Atos Incompetence by Anonymous Coward · 2018-07-22 23:47 · Score: 5, Interesting

I work for Atos. My company was also acquired by them. It has been nothing short of horrible, and this is years into the takeover. You will face extreme layoffs, budget reductions, no raises, and just a general feeling of incompetence and wonder for a company with so much money. Syntel employees: run. Iâ(TM)m not kidding. Get out now.