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IT Services

Airbus Abandons Potential Acquisition of Atos Data Division, Leaving Atos in Limbo

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Atos, an IT services company facing financial challenges, has hit another roadblock in its attempt to sell off part of its business to address its debt issues. Airbus, a potential acquirer of Atos’s big data and security business, has decided to walk away from the deal after completing its due diligence investigation. The failure of …

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LTIMindtree Faces Risks Amid Citibank Restructuring and Leadership Exodus

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LTIMindtree, the sixth largest Indian IT firm, finds itself navigating turbulent waters following Citibank’s restructuring and a wave of high-level executive departures post-merger. Analysts warn that these developments pose significant risks to the company’s wallet share compared to its peers in the IT services industry. Citibank, a key client for LTIMindtree alongside other major IT …

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