Global IT consulting firm Atos has acquired DataSentics, a Czech Republic-based data science company specializing in the development of artificial intelligence and machine learning (AI/ML) business solutions and products, Financial terms of the deal were not disclosed.
This is technology M&A deal number 668 that ChannelE2E has covered so far in 2021.
The DataSentics acquisition comes as Atos attempts to jumpstart its overall business growth, while also considering potential asset sales.
Atos Acquires DataSentics: The AI/ML Strategy
DataSentics, founded in 2016, employs roughly 10 AI/ML data scientists and engineers. The company supports large enterprises in central and western Europe. Key verticals served include financial services, retail and media industries, the seller indicated.
Atos is a global solutions provider focusing on digital transformation, cybersecurity, cloud and high performance computing. Atos has 107,000 employees and annual revenue of over € 11 billion.
Atos, armed with DataSentics, will create a global AI/ML 'factory' to deliver solutions to enterprise customers in all industries, the buyer indicated.
Atos Acquires DataSentics: Executive Commentary
In a prepared statement about the deal, Pierre Barnabé, executive vice president, head of big data and security at Atos, said:
"This is a fantastic opportunity to expand our existing AI/ML capabilities. With DataSentics we are strengthening our global AI/ML factory which is already leveraging the expertise from our recent acquisitions in this area: zData, Miner & Kasch and Ipsotek.”
Added Petr Bednarik, CEO and founder of DataSentics:
"We are excited that the global reach and strong vertical industry focus of Atos will accelerate how our AI products and solutions make a real impact on enterprises across the world."
The deal is expected to close in Q4 2021.
Atos Acquisitions: Snowflake, Salesforce and Cybersecurity
Even as Atos considers shedding some businesses, the IT consulting firm has made multiple acquisitions in 2021. Example deals include:
Additional insights from Joe Panettieri.
