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EMC and VMware Becoming Small Shareholders of Atos

Probably owning no more than 5%

Atos SE (Societas Europaea) and EMC Corporation announced plans to further strengthen their strategic alliance.

Three years ago, Atos, EMC, and VMware, Inc. jointly created Canopy, the end-to-end cloud service provider enabling customers to drive transformational IT via the cloud. With 37% revenue growth over the last year Canopy has been ranked by IDC as a leading European cloud professional service provider based on revenues.

The development of Canopy, the recent reinforcement of Atos in big data, and security through the acquisition of Bull as well as the growing access of Atos in North America through the planned acquisition of Xerox ITO open new possibilities for the Atos and EMC strategic relationship.

These developments now enable Atos and EMC to extend the scope and possibilities of what the two companies can achieve together across the EMC Federation of strategically aligned businesses and the newly expanded Atos capabilities.

Atos also has decided to re-integrate the Canopy subsidiary and make it part of the Atos corporate structure. EMC and VMware intend to continue their strategic long-term investment, now as shareholders of Atos.

These moves will allow the continuous support and strong collaboration of EMC and VMware with Canopy, while strengthening the partnership between the EMC Federation of strategically aligned businesses and Atos Consulting & System integration as well as the newly created Big Data and Cyber-Security Atos divisions.

Joe Tucci, EMC chairman and CEO, said: “EMC and Atos enjoy a long and fruitful relationship based on helping customers optimize their existing infrastructures while building new infrastructures to support the unique requirements of cloud computing, mobile, social and big data. EMC is excited to enhance our work with Atos as we expand the scope of our mutual commitment.”

Thierry Breton, chairman and CEO, Atos said: “We warmly welcome EMC’s continued investment, now in Atos. This is opening a new era in our already very fruitful relationship. As a strategic partner and now shareholder EMC will greatly contribute to Atos strategic ambition in the benefit of its shareholders, customers and business technologists.”

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