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French IT firm Atos buys further three companies, posts first quarter sales drop

French IT firm Atos buys further three companies, posts Q1 sales drop
FILE PHOTO: FILE PHOTO: People walk in front of the Atos company s logo during a presentation of the new Bull sequana supercomputer in Paris
(Reuters) -French IT consulting group Atos said on Tuesday it acquired three more companies, as it continues its series of bolt-on acquisitions, while reporting a drop in its first-quarter revenue.
The group said it had bought Canada-based Processia, UK-based Ipsotek and German cybersecurity firm cryptovision. It gave no financial details of the transactions, and said the deals were expected to close in the second and third quarters. ....

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Today in European Tech: Fresh funds for Icebreaker and Cusp Capital, FintechOS nabs $60 million, Dott raises $85 million, and more

Today in European Tech: Fresh funds for Icebreaker and Cusp Capital, FintechOS nabs $60 million, Dott raises $85 million, and more
Deals
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Micromobility startup Dott with headquarters in Paris and Amsterdam has secured $85 million in a Series B funding round. The capital injection was co-led by Belgium-based Sofina and UK-based Estari.
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Helsinki-based investment firm Icebreaker has closed its second fund at €100 million and raised a separate €20 million that will be used to continue investments in existing portfolio companies.
- Romania-born and
London-based financial technology firm FintechOS has raised $60 million in a Series B round. Led by Draper Esprit, whose previous investments include Revolut and N26, the round also saw participation from existing investors LAUNCHub, Earlybird Digital East, Gapminder Ventures, and OTB Ventures. ....

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French IT firm Atos buys further three companies, posts Q1 sales drop

AmericasFrench IT firm Atos reports drop in revenue, to conduct U.S. accounting review
ReutersJuliette PortalaBartosz DabrowskiBartosz Dabrowski
3 minutes read
People walk in front of Atos company s logo during a presentation of the new Bull sequana supercomputer in Paris, France, April 12, 2016. REUTERS/Philippe Wojazer
French IT consulting group Atos (ATOS.PA) reported a drop in first-quarter revenue on Tuesday, putting further pressure on its share price which has been hit by an accounting issue in the United States.
The company, which develops solutions in hybrid cloud, big data, business applications and digital workplace, disclosed earlier this month that auditors had found accounting errors at two U.S. units, sending its shares diving 18% at the time. read more ....

France General , Thomson Reuters Trust Principles , Canada Based Processia , United Kingdom Based Ipsotek , Thomson Reuters Trust , பிரான்ஸ் ஜநரல் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

French IT firm Atos reports drop in revenue, to conduct U.S. accounting review

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(Reuters) -French IT consulting group Atos reported a drop in first-quarter revenue on Tuesday, putting further pressure on its share price which has been hit by an accounting issue in the United States.
The company, which develops solutions in hybrid cloud, big data, business applications and digital workplace, disclosed earlier this month that auditors had found accounting errors at two U.S. units, sending its shares diving 18% at the time.
On Tuesday the company said it had decided to conduct a full accounting review of the two U.S. units and would give a status update when it releases first-half results on July 28. ....

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