Atos buys Chicago-based tech consultancy Maven Wave
Atos, a Paris-based global IT consulting firm, has acquired Maven Wave, a Chicago-based consultancy focused on Google Cloud integrations for large companies. The financial terms were not disclosed, and the transaction is set to close in Q1 2020.
The acquisition strengthens Ato’s capabilities in delivering Google Cloud solutions, while expanding its presence in the US. Maven Wave is a Google Cloud Premier Partner with eight Cloud Partner Specializations – including cloud migration, machine learning, and data analytics – and was named a Google Cloud North America Services Partner of the Year in 2018 and 2019.
Founded in 2008, the Chicago firm has grown to 330 employees, and boosted its revenues from $89 million in 2018 to $130 million in 2019. Maven Wave was recognized as one of the fastest growing consulting firms in North America by Consulting Magazine, and was deemed a 2019 best workplace in consulting by Great Places to Work and Fortune Magazine.
“The acquisition of Maven Wave, coupled with the capabilities from our Syntel acquisition in 2018, strengthens our global leadership position delivering Google Cloud solutions. Further, as the company’s largest region, Atos North America now has a potent combination to further accelerate the transformation of its business as we deepen the development and delivery speed of digital services for our customers,” said Elie Girard, Atos CEO.
Atos completed its $3.57 billion acquisition of Troy, Michigan-based IT consultancy Syntel in October 2018, turning it into sub-brand Atos-Syntel. The move boosted Atos’ capabilities in digital services across cloud, analytics, mobile, social media, IoT, and automation, while greatly expanding its presence in several US industry verticals, including banking, finance, and insurance.
Syntel had $924 million in revenue in 2017, with 89% of that booked in the North American market. The company had 23,000 engineers in 30 countries, with 18,000 based in India, at the time of acquisition.
Earlier this year, Atos bolstered its cybersecurity services with the acquisition of IDnomic, a European digital identity management firm. The moved added more than 100 digital identity specialists to Atos’ team of 5,000 cybersecurity experts. Atos was recently ranked first in Europe and third in the world for security service management by Gartner.
