Butler Investments joins Atos rescue party

Shares in crisis-ridden French IT integrator Atos bounced by over 25 percent this morning as top shareholder Onepoint said it has a rescue plan involving investment firm Butler Industries. Onepoint said it would cook up a turnaround plan for Atos by the end of this month, with the help of Butler Industries, which now joins its …

[Camilla Smythe]

Ah Yes Atos.

These will be the people the DWP rely on to to run health assessments. Last time I read one of their computer generated reports on behalf of someone else we went to tribunal and won in 5 minutes. Fuck you very much.

[HuBo]

Re: Ah Yes Atos.

Yep, the Work Capability Assessment carried out by Atos Healthcare for the UK government seems to have been rather sub-par (over 10 or 20 years?). Somewhat reminiscent of the 20+ year Fujitsu Post Office Horizon scandal, also in the UK. Both could probably be entries in some RotM/AI Incident Database, as case studies of how technocracy can fail to improve the human condition, worsening it instead.

As I understand it, Atos is quite strategically important to France and the EU, as the major supplier of HPC systems here, among others. I wonder what happened to its splitting into Eviden (HPC, cybersecurity, cloud -- a sub-group that would not be sold off) and Tech Foundations (everything else, still basically named Atos -- the sub-group with the debt in it, that was the one to be sold to Daniel Kretinsky, and then others).

Etymologically, I like Atos (le comte de La Fère, and also Porthos, Aramis and d'Artagnan), but Eviden's the more interesting one IMHO (if the company is indeed split this way).