ITServices

UAE IT Services Firm Alpha Data Prepares for Abu Dhabi IPO

2 months ago

In a significant move for the technology sector in the UAE, Alpha Data, a prominent provider of IT services, has announced its plans to launch an initial public offering (IPO) on the Abu Dhabi stock exchange. This step is poised to not only bolster the company's growth but also serve as a milestone for the region's tech landscape.

Ransomware Threat: Atos Confirms Security Breach Claims by Cybercriminal Group

3 months ago

In a chilling announcement that has sent ripples through the tech industry, Atos, a global leader in digital transformation and IT services, has reported that it is facing a significant security challenge. A notorious ransomware group has claimed to have compromised one of Atos' databases, raising alarms about potential data breaches and the broader implications for the company's operations and clients.

Atos Secures Court Approval for Debt Restructuring Plan, Paving the Way for New Management

5 months ago

In a significant development for the beleaguered IT services giant Atos, a French court has granted approval for a comprehensive debt restructuring plan. This pivotal decision comes as part of the company's ongoing efforts to stabilize its financial footing amidst mounting pressures from creditors.

Horizon Capital Revives Sale of IT Services Firm Sabio Amid Rising Market Demand

6 months ago

In what appears to be a strategic business move, Horizon Capital is reportedly rebooting the sale process of its highly-rated IT services company, Sabio. According to sources close to the matter who have spoken to Bloomberg News, the private equity firm is actually reaching out to prospective buyers with the intent of cashing in on surging demand for technology-focused services in today's prevailing market scenario.