Atos acquires Syntel, furthers U.S. digital IT services push
July 22, 2018 – Atos is acquiring Syntel for $3.57 billion in cash and net debt, uniting digital IT services giants based in France and Michigan, respectively, the two companies confirmed today.
The Syntel engineers are “highly skilled” in digital services across cloud, social media, mobile, analytics, IoT, and automation, the companies say. On the flip side, Syntel gains reach into the Atos portfolio of cybersecurity, Big data and identity management services. Plus, the deal should greatly boost Atos in several U.S. vertical markets — particularly the banking, finance and insurance verticals, both firms say.