Atos, Siemens to put €100 million more into their joint business until 2020

The joint business program aims to enhance Siemens and Atos’ digital strategy and develop joint capabilities in Data Analytics, Artificial Intelligence,

Must Read

How to choose an effective DDoS mitigation plan

There are several flavours from which to choose when selecting an effective DDoS mitigation strategy. Most enterprises opt for one of the cloud protection flavours (always-on or on-demand)

How tech bolster security of online gaming platforms

The rise of online and is evident throughout the world’s financial capitals with the UK, US, and a few other European nations at the forefront

Explained: The evolving nature of cybersecurity threats

Concerns such as hacking and the presence of computer viruses have existed for decades in one form or another. As technology evolved over the years, so did the   threats themselves.

and have announced the continuance of their strategic co-operation, with plans to accelerate their joint business until 2020 through joint go-to-market plan and the strengthening of their joint innovation and investment program. The program has been increased by €100 million, totaling €330 million – more than three times the original sum. This will further support the Siemens and Atos IoT MindSphere-Codex strategic co-operation as well as the joint go-to-market.

The joint innovation and investment program aims to enhance Siemens and Atos’ digital strategy and develop joint capabilities in Data Analytics, Artificial Intelligence, advanced IoT & connectivity services, cyber security and digital service technologies to support the digital transformation of their customers through an end-to-end IoT suite. Since the start of the partnership in 2011 Siemens and Atos have achieved a joint order intake of €2.5 billion.

“The Alliance continued to deliver strong business results while addressing important digital and innovative technologies,” said Roland Busch, Chief Technology Officer and member of the Managing Board of Siemens AG and member of the Board of Atos SE. “We will further combine the strength of both companies and leverage the joint investment program to further expand our approaches in topics like Cybersecurity and Artificial Intelligence. It is also important for us to have Atos as a key ecosystem partner for MindSphere which comprehensively supports our ambitions.”

“The strategic alliance between Atos and Siemens, which we decided to create in 2011, is unique in our industry. Through our digital collaboration, we are combining our industry and technology knowledge to support together the end-to-end the digital transformation of our customers. With our combined MindSphere – Codex IoT suite, I am convinced that our customers will benefit even more from our strategic alliance,” said Thierry Breton, Chairman and CEO of Atos SE.

Atos and Siemens formed a global strategic partnership in summer 2011. As part of this partnership, Siemens contributed its IT solutions and services business to Atos in exchange for around 12.5 million Atos shares. The deal created a new European IT champion for systems integration, application management, computing, with IT solutions for industry software, mobility, building technologies, smart power grids and other IT services.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

Leave a Reply

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

Sapience Analytics signs distribution agreement with Redington

Sapience Analytics and Redington said that they have entered into a distribution agreement where latter will resell the Sapience Vue solution through its network of over 30,000 channel partners, system integrators, and value-added resellers countrywide.
- Advertisement -SAP Hana

Related Articles