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Atos Acquires IT Outsourcing Unit of Xerox

Atos Acquires IT Outsourcing Unit of Xerox

By Narayan Ammachchi French outsourcing firm Atos has agreed to acquire the IT outsourcing unit of Xerox for just over $1 billion in a deal that widens its operation significantly in the Americas. The deal increases Atos’ size by three ...

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WPP Continues LATAM Acquisition Spree in Mexico

WPP Continues LATAM Acquisition Spree in Mexico

By Narayan Ammachchi WPP has reached a deal to acquire Mexican digital marketing agency Clarus, as the British advertising giant continues its acquisition spree in Latin America’s digital technology market. Mexico City-based Clarus employs 112 people and works with clients ...

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Uruguay Revokes Claro America’s telecom License

Uruguay Revokes Claro America’s telecom License

By Narayan Ammachchi The Uruguayan government has suspended telecommunications license of Claro Americas, fearing that the telecom giant will monopolize the telecoms sector in the country. A subsidiary of Mexican billionaire Carlos Slim’s America Movil, Claro Americas is the smallest ...

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Brazilian Currency Hits Nine-Year Low

Brazilian Currency Hits Nine-Year Low

By Narayan Ammachchi Brazil’s real fell to a nine-year low on Tuesday, with the economy showing all signs of slipping back into the recession. Although Brazil was in recession technically in the first four months of this year, its GDP ...

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