Troubled French outsourcer Atos finds pot of gold at the end of UK state bank Rainbow

Difficulties unpicking 25 years of technical entanglement secure £474.4M without competition Following protracted negotiations, French outsourcer Atos has scooped up a £474.4 million ($612 million) contract without competition to build systems for a UK state bank at nearly three times the annual rate initially advertised three years ago.…

Mar 7, 2025 - 11:23
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Troubled French outsourcer Atos finds pot of gold at the end of UK state bank Rainbow

Difficulties unpicking 25 years of technical entanglement secure £474.4M without competition

Following protracted negotiations, French outsourcer Atos has scooped up a £474.4 million ($612 million) contract without competition to build systems for a UK state bank at nearly three times the annual rate initially advertised three years ago.…