Atos to acquire Cloudreach.

Atos, a French multinational information technology service and consulting company, agreed to acquire Cloudreach, a multi-cloud services company specializing in cloud application development and cloud migration. Financial terms were not disclosed. “The future acquisition of Cloudreach has strong synergetic potential with the existing Atos expertise in Cloud, notably in Europe, and enhances the value of our past acquisitions of Syntel, Maven Wave, Edifixio and more recently VisualBI and AppCentrica. Coupled with Cloudreach, Atos grows its position as the multi-cloud powerhouse, especially strengthening our global leadership position delivering AWS solutions. Atos will also allow Cloudreach to extend its excellence into North America and other regions of the Group. Finally, Cloudreach perfectly represents the company’s acquisition strategy, by reinforcing a key expertise of the Group to serve its organic growth acceleration,” Adrian Gregory, Atos Acting Co-CEO.