{"id":15571,"date":"2015-07-01T10:19:07","date_gmt":"2015-07-01T10:19:07","guid":{"rendered":"http:\/\/www.businesscloudnews.com\/?p=228992"},"modified":"2015-07-01T10:19:07","modified_gmt":"2015-07-01T10:19:07","slug":"atos-completes-acquisition-of-xeroxs-it-outsourcing-biz","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/atos-completes-acquisition-of-xeroxs-it-outsourcing-biz\/","title":{"rendered":"Atos completes acquisition of Xerox\u2019s IT outsourcing biz"},"content":{"rendered":"<div id=\"attachment_144002\" style=\"width: 290px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.businesscloudnews.com\/files\/2013\/06\/Partner-link.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-144002\" src=\"http:\/\/www.businesscloudnews.com\/files\/2013\/06\/Partner-link.jpg\" alt=\"Atos has finalised the acquisition of Xerox's outsourcing business\" width=\"280\" height=\"210\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Atos has finalised the acquisition of Xerox&#8217;s outsourcing business<\/p>\n<\/div>\n<p>French IT services outfit Atos announced this week the company has completed its \u20ac811m acquisition of Xerox\u2019s IT outsourcing business, a move the companies said would give the combined entity a massive leap forward in the outsourcing market.<\/p>\n<p>Originally announced on the tail end of last year Atos and Xerox agreed to a net total acquisition price of $966m (\u20ac 811m), composed of $950m and an additional $50m assuming certain performance metrics were hit, plus $100m representing the estimated value of future tax benefits to Atos.<\/p>\n<p>Xerox\u2019s ITO business includes about 9,800 employees in 45 countries, with most \u2013 4,500 \u2013 based in the US and more than 3,800 in global delivery countries.<\/p>\n<p>Atos said the move, which gives it some strong capabilities in business process outsource and document outsourcing, means North America becomes its largest segment. While the company is popular in the Europe and the UK it\u2019s currently ranked number 9 in North America in terms of outsourcing revenue.<\/p>\n<p>\u201cToday marks a major step in the development of the Atos Group, as we welcome 9,600 Xerox ITO employees to Atos,\u201d said Thierry Breton, Chairman and chief executive of Atos. \u201cWith the US now our largest market, we have a stronger and more balanced global presence, which combined with our digital skills, allows us to be the trusted partner for our clients\u2019 digital journey anywhere in the world.\u201d<\/p>\n<p>The companies also announced a deal that would see Atos become one of Xerox\u2019s primary IT service providers globally.<\/p>\n<p>Michel-Alain Proch, group senior executive vice president and recently appointed chief executive of Atos\u2019s North American operations added: \u201cTogether with Xerox teams, we have worked extensively to be ready from day one post-closing and we are now fully operational to ensure continued delivery of services to our clients while at the same time leveraging the combined strengths of the two groups for profitable growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>French IT services outfit Atos announced this week the company has completed its &euro;811m acquisition of Xerox&rsquo;s IT outsourcing business, a move the companies said would give the combined entity a massive leap forward in the outsourcing market.<\/p>\n","protected":false},"author":105,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2891,2185,898,2892,1976,2893,2894,385],"tags":[],"class_list":["post-15571","post","type-post","status-publish","format-standard","hentry","category-atos","category-ma","category-managed-services","category-michel-alain-proch","category-news-analysis","category-outsourcing","category-thierry-breton","category-xerox"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/15571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/105"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=15571"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/15571\/revisions"}],"predecessor-version":[{"id":15572,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/15571\/revisions\/15572"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=15571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=15571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=15571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}