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Atos expands in US with Xerox deal

Paris: French IT service group Atos has agreed to acquire Xerox's Information Technology Outsourcing business for $1.05 billion and become a primary IT services provider for Xerox. The deal gives Atos a much bigger presence in the US. Xerox's ITO business has estimated 2014 revenue of $1.5 billion, employs approximately 9,800 ITO employees in 45 countries, with 4,500 in the U.S. and more than 3,800 in global delivery countries such as India, the Philippines and Mexico. The Xerox ITO leadership team will also join Atos. Xerox's existing ITO clients will gain access to Atos' global IT services.

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