French IT consulting giant Atos is seeking to acquire IDnomic, a European digital identity management infrastructure firm. Atos says it is in exclusive talks with IDnomic shareholders about the potential deal. Proposed financial terms have not been released.
IDnomics’ expertise lies in Public Key Infrastructure (PKI) technology. That, coupled with its digital trust solutions and SaaS offerings would complement Atos’ existing cybersecurity product offerings, the company said.
IDnomics, which has 110 employees, was known as OpenTrust before a corporate name changes in 2016. The company's primary investors include Thierry Dassault Holding, Thales, Idemia, Banque des Territoires and Euro-Information.
The transaction is expected to close in the second half of the year, subject to consultation with the companies’ employee representatives.
Atos Background
Atos is a well-known IT consulting and digital transformation firm with 86,000 employees across 66 countries. The company has extensive M&A (merger and acquisition) experience.
A year ago, the company acquired Syntel for $3.57 billion in cash and net debt. Other deals and proposed business combinations have included:
- December 2017: Atos attempted to buy Gemalto for $5 billion in cash.
- October 2017: Atos bought up three US healthcare IT consulting firms.
- January 2017: Atos acquired ServiceNow partner Engage ESM.
The company has a close working relationship with Dell Technologies.
