Duncan Aitchison is the Research Director at TechMarketView, a leading technology research and analysis firm in the United Kingdom. With a focus on the national market, Duncan writes articles covering the latest developments and trends in the technology industry, including acquisitions, partnerships, contract wins, and growth strategies of key players in the market.
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Bringing you opinionated, authoritative research & analysis on the UK technology scene.
Five months on from revealing the intent to sell its Worldgrid business to ALTEN ( see here ), Atos has signed the binding €270m Share & Asset Purchase Agreement with the French Engineering and IT services specialist. The finalisation of the deal, which will close before the end of the year, follows Atos’s recent announcement that all of its planned financial restructuring transactions are expected to be completed between November 2024 and December 2024/January 2025 ( see here ). This will see €2.9bn of financial debt equitized and the company receive €1.5 to €1.675bn of new money debt.
London-based, public sector-centric digital consultancy, Solirius has been acquired by Reply SpA, a Turin-HQ'd global IT services firm. The purchase both boost's the Italian company's headcount in this country by c.11% to over 1500 personnel and lifts the annual revenue generated here by more than a fifth to around £300m. Terms of the deal have not been disclosed.
Seven days ago Kainos issued a trading update which sought to temper market expectations for the firm's FY25 performance ( see here ). This morning saw the publication of the Belfast HQ'd company's interim results which reported that revenue decreased yoy by 5% to £183.1m for the six months ended 30th September. Kainos also reaffirmed that the softer than previously anticipated demand is likely continue through the remainder of the second half with the impact flowing through to the bottom line.
An above guidance performance in Q1 has kept Endava on track to deliver double digit revenue growth in FY25. Turnover at the digital SI, which saw its sales shrink during the last fiscal ( see here ), increased by 5.2% yoy at constant currency to £195.1m for the three months ended 30th September.
Bringing you opinionated, authoritative research & analysis on the UK technology scene.
By: Duncan Aitchison
TechMarketView's More than a Feeling: GenAI and Sentiment Analytics in Customer Experience report is now live for our subscribers.
Accenture and its its Microsoft- centric subsidiary, Avanade are launching a joint Copilot business transformation practice. The 5000-person strong unit will co-invest with the support of Microsoft in AI and Copilot agent templates, extensions, plugins and connectors to help organisations leverage their data and gen AI. The new unit will also tap into more than 50,000 Microsoft Copilot-trained professionals across Accenture and Avanade to help deliver industry and functional transformation.
Coforge has landed another significant UK public sector deal this time with NHS 24, Scotland’s provider of digital health and care services. Seven months on from the £15m win at HMRC ( see here ), the mid-tier offshore provider has secured a service integration and software solutions agreement for the provision of an integrated Contact Centre (CC) and Customer Relationship Management (CRM) solution to the health board. The contract, which both is for an initial term of five years with optional extension period of up to 24 months and was let through a competitive tendering process, is worth up to £40m.
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