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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  AtoS SE    ATO   FR0000051732

ATOS SE

(ATO)
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Atos acquires Google Cloud Premier Partner Maven Wave

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12/18/2019 | 12:20pm EST

Paris, France, December 18, 2019

Atos, a global leader in digital transformation, today announced an agreement to acquire Maven Wave, a U.S.-based business and technology consulting firm specialized in delivering digital transformation solutions for large enterprises. The company is a leading Google Cloud Premier Partner with eight Cloud Partner Specializations and recognized as the Google Cloud North America Services Partner of the year in both 2018 and 2019.  

The purchase embeds Maven Wave’s strengths in building digital solutions using cloud-based applications, data analytics and machine learning in hybrid and multi-cloud platforms with Atos’ proven leadership in Hybrid Cloud, SAP HANA, Application Modernization and Transformation, Digital Workplace, IoT and Analytics.

“The acquisition of Maven Wave, coupled with the capabilities from our Syntel acquisition in 2018, strengthens our global leadership position delivering Google Cloud solutions. Further, as the company’s largest region, Atos North America now has a potent combination to further accelerate the transformation of its business as we deepen the development and delivery speed of digital services for our customers. Atos will also allow Maven Wave to extend its excellence into Europe and other regions of the Group. Finally, Maven Wave perfectly represents the company’s acquisition strategy, by reinforcing a key expertise of the Group to serve its organic growth acceleration,” said Elie Girard, Atos CEO.

Headquartered in Chicago, Maven Wave has grown to more than 330 employees and will generate approximately $130m revenues in 2019. The firm was recognized by Consulting Magazine as one of the fastest growing consulting firms in North America. Maven Wave was also named one of the 2019 Best Workplaces in Consulting and Professional Services by Great Place to Work and Fortune Magazine. The company holds eight Google Cloud Partner Specializations in Data Analytics, Machine Learning, Cloud Migration, Application Development, Infrastructure, Location-based Services, Enterprise Collaboration and Marketing Analytics.

“We are excited to take Maven Wave’s 11-year mission to help enterprise clients drive growth and value to new heights. Our strategic partnership with Google, the unbound imagination of our people, and our enduring ambition to build an industry- leading digital transformation firm will only be accelerated by the combination we are announcing today,” commented Maven Wave Founders Brian Farrar, Jason Lee and Jeff Lee. “Atos offers an impressive global platform of technology assets and deep expertise enabling clients to drive digital capabilities at an entirely new scale and speed, while providing our people with exciting new challenges and career growth.”

“Both Atos and Maven Wave have been key partners for Google Cloud and we're excited to expand our work with them as they join forces," said Robert Enslin, President, Global Customer Operations at Google Cloud. "This acquisition will bring customers even more proven expertise and knowledge in executing digital transformations in areas ranging from data analytics to enterprise collaboration to large-scale cloud migrations."

In April 2018, Atos entered into a unique global partnership with Google Cloud to accelerate the creation of secure hybrid cloud solutions, data analysis and machine learning, as well as the connected work environment. The partnership included the opening of AI laboratories around the world, including at Atos’ offices in London, Dallas, Munich and the Paris region.  The acquisition of Maven Wave not only strengthens Atos’ Google Cloud partnership in North America, but also in more than 20 countries where the alliance is operating. More information can be found here.

The closing of the transaction will take place in Q1 2020.

***
About Atos

Atos is a global leader in digital transformation with over 110,000 employees in 73 countries and annual revenue of over € 11 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions. The group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Syntel, and Unify. Atos is a SE (Societas Europaea), listed on the CAC40 Paris stock index.

The purpose of Atos is to help design the future of the information technology space. Its expertise and services support the development of knowledge, education as well as multicultural and pluralistic approaches to research that contribute to scientific and technological excellence. Across the world, the group enables its customers, employees and collaborators, and members of societies at large to live, work and develop sustainably and confidently in the information technology space.

Press contacts:

North America: Mike Hockey | mike.hockey@atos.net | +1 281 728 7242

Maggie Wainscott | maggie.wainscott@atos.net | +1 903 262 8169

Global:             Sylvie Raybaud | sylvie.raybaud@atos.net | +33 6 95 91 96 71

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Financials (EUR)
Sales 2020 11 928 M
EBIT 2020 1 247 M
Net income 2020 635 M
Debt 2020 372 M
Yield 2020 2,27%
P/E ratio 2020 12,7x
P/E ratio 2021 11,6x
EV / Sales2020 0,71x
EV / Sales2021 0,65x
Capitalization 8 117 M
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Average target price 91,69  €
Last Close Price 74,72  €
Spread / Highest target 67,3%
Spread / Average Target 22,7%
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Managers
NameTitle
Élie Girard Chief Executive Officer
Thierry Breton Non-Executive Chairman
Eric Grall Senior Executive Vice President-Global Operations
Uwe Stelter Chief Financial Officer
Sophie Proust Chief Technology Officer
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