French IT consulting giant Atos has acquired Maven Wave, a Top 200 Public Cloud MSP for 2019 and close Google Cloud Platform partner based in Chicago, Illinois. Financial terms of the deal were not disclosed.
Maven Wave specializes in enterprise digital transformation, cloud-based applications, data analytics, and machine learning for hybrid and multi-cloud platforms.
The acquisition strengthens Atos’ presence in North America, already its largest region.
Elie Girard, Atos CEO, commented:
“Atos will also allow Maven Wave to extend its excellence into Europe and other regions of the Group. Finally, Maven Wave perfectly represents the company’s acquisition strategy, by reinforcing a key expertise of the Group to serve its organic growth acceleration.”
Founded in 2008, Maven Wave has more than 330 employees and will generate around $130 million in revenues in 2019, according to Atos. The company holds eight Google Cloud Partner Specializations in Data Analytics, Machine Learning, Cloud Migration, Application Development, Infrastructure, Location-based Services, Enterprise Collaboration and Marketing Analytics.
Maven Wave Founders Brian Farrar, Jason Lee, and Jeff Lee released a statement:
“Our strategic partnership with Google, the unbound imagination of our people, and our enduring ambition to build an industry-leading digital transformation firm will only be accelerated by the combination we are announcing today. Atos offers an impressive global platform of technology assets and deep expertise enabling clients to drive digital capabilities at an entirely new scale and speed while providing our people with exciting new challenges and career growth.”
Atos is a well-known IT consulting and digital transformation firm with 86,000 employees across 66 countries. The company has extensive M&A (merger and acquisition) experience.
Deals and proposed business combinations have included:
- July 2019: Atos made moves to acquire IDnomic, a European digital identity management infrastructure firm.
- July 2018: The company acquired Syntel for $3.57 billion in cash and net debt.
- December 2017: Atos attempted to buy Gemalto for $5 billion in cash.
- October 2017: Atos bought up three US healthcare IT consulting firms.
- January 2017: Atos acquired ServiceNow partner Engage ESM.
In April 2018, Atos and Google Cloud announced a partnership to accelerate the creation of secure hybrid cloud solutions, data analysis, and machine learning. The partnership involved opening AI labs in diverse cities including London, Dallas, Munich, and Paris. The Maven Wave acquisition strengthens the operation in more than 20 cities where the partnership operates, the company said.
Atos also has a close working relationship with Dell Technologies.