Bull agrees the sale of its IT training business Bull Formation (Bull Training) to M2i Tech (O2i group)
11, 2013 -
Bull, the leader in mission-critical digital systems, has today announced the sale of its IT training business Bull Formation (Bull Training) to M2i Tech, as part of the Group's move to focus on its core business.
M2i Tech is a subsidiary of M2i, itself part of the O2i group; which combines multimedia activities (printing solutions) delivered under the O2i brand and IT training (covering both technical training and office automation) provided through its subsidiary M2i. M2i Tech is a leading provider of IT training in France.
The agreement between the two companies represents a transfer of business assets, with all the Bull Formation (Bull Training) teams specializing in IT training set to join M2i Tech. M2i Tech will continue to market the business activities being transferred to the company under the Bull Formation brand for four years.
In addition, the Bull Group will be using M2i Tech's resources to address its own IT training needs under the terms of an exclusive four-year partnership.
Thierry Siouffi, Executive Vice-President, Bull Business Integration Solutions commented: "I'm delighted by this collaboration with the M2i group. The Bull Formation activities covered by the sale will have an excellent opportunity to grow and develop as part of the M2i group, given that it is one of the leaders in this field in France."
Bull is a leader in secure mission-critical digital systems. The Group is dedicated to developing and implementing solutions where computing power and security serve to optimize its customers' information systems, to support their business.
Bull operates in high added-value markets including computer simulation, Cloud computing and 'computing power plants', outsourcing and security.
Currently Bull employs around 9,300 people across more than 50 countries, with over 700 staff totally focused on R&D. In 2012, Bull recorded revenues of 1.3 billion.
For more information visit: http://www.bull.com