Global IT consulting firm Atos announced a new CEO and completed the Reach the clouds acquisition. These changes come as Atos strives to accelerate the transition to monthly recurring revenue (MRR), managed cloud services and SaaS-oriented application migrations.
New Atos CEO Rodolphe Belmer (pictured above) was previously CEO of the satellite operator Communications Eutelsat. Previously, he ran the Parisian television channel Canal+. Belmer is also a netflix crew member. He succeeds Adrian Gregory, who served as interim CEO of Atos.
Belmer arrives in a difficult period at Atos. The company has 107,000 employees and a global reach. But revenue growth has been inconsistent, especially compared to cloud-centric MSPs and MSSPs riding the waves of the managed services and cybersecurity market.
In the midst of this market reality, Atos has acquired various cloud-centric MSPs, MSSPs and IT consulting firms.
Atos completes the acquisition of Cloudreach for AWS, Azure and Google Cloud Skills
Latest example: Belmer joins Atos just as the company is finalizing its acquisition of Cloudreach. Cloudreach, a top 250 public cloud MSP, holds over 1,000 certifications across Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure.
Cloudreach was owned by Blackstone since February 2017. Former datto Chief Revenue Officer Brooks Borcherding has led Cloudreach as CEO since October 2019.
Cloudreach employs more than 600 people in cloud platforms, applications and security and expects revenue of approximately US$113.2 million in calendar year 2021. Company size has roughly doubled since 2016, when the workforce was around 250 employees and revenues were nearly US$60. million, ChannelE2E reported at the time.
Cloudreach, based in London, England, also has offices in the United States, Canada, the Netherlands, Germany, France, Switzerland and India.
Recent acquisitions of Atos, evolution of the activity
The acquisition of Cloudreach comes as Atos attempts to revive overall business growth, while also considering potential asset sales.
Indeed, Atos made multiple acquisitions in 2021. Examples of transactions involve: