Columbus is also looking for a new CEO to replace Thomas Honoré, who resigned abruptly in August after nine years on the job. Terms were not disclosed for the Atea deal with a small number of Columbus employees joining it this month. Columbus is focusing its Infrastructure Managed Services business on the public cloud. Also expected to close this month, the To-Increase sale price was about $139 million. Columbus’ biggest problem has been its busines in the United States which has tanked over the last two years. Revenue in this country declined by 77 percent in the last three years.
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COLUMBUS SELLS PRIVATE CLOUD BIZ Featured
Columbus, which is the middle of retooling its operations, has sold its Private Cloud business to Atea. That deal this week follows the late December announcement of plans to sell its To-Increase software operations to Gilde Buy-Out Partners and the To-Increase management.