Ecosystem Radar

Atos Strengthens Bulgarian Footprint Amid Regional Growth

Global tech group Atos reports over BGN 120M in consolidated revenues in Bulgaria, making it the 5th largest IT company in the country. Its two local subsidiaries are scaling steadily through digital services and international support.

FTS Insights official

ORIGINAL ARTICLE

June 08, 2023

French giant Atos growing its Bulgarian business

by Yoan Zapryanov

Read coverage on Капитал (Capital)

“Customers have needs, we talk about what they want to achieve as a business result of the project… Our partnership lasts for years."

Hristo Hristov, Executive Director, Atos Bulgaria Competence Center


Article Summary

French multinational Atos is solidifying its long-term commitment to Bulgaria, where its two local subsidiaries generated over BGN 120.9 million in consolidated revenue in 2021. This positions Atos as the fifth largest IT company in the country, employing over 1,500 people locally and contributing to both national tech capacity and global operations.

The Bulgarian operation is split between Atos Bulgaria Competence Center and Atos IT Solutions and Services. The Competence Center focuses on external clients—primarily large industrial companies seeking digital transformation—while the other division provides internal support across Europe, the U.S., and Asia. Hristo Hristov, Executive Director since 2018, outlined ambitions for 10–20% annual revenue and headcount growth, supported by the increasing demand for cloud services, enterprise solutions, and big data analytics.

Atos' local roots go back to Siemens IT Services’ presence in the 1990s. Following a string of European tech mergers, Atos acquired Siemens' IT unit in 2011, inheriting its Bulgarian footprint. Since then, the company has grown significantly, with over 1,500 employees today and an evolved strategic focus beyond low-cost labor. Hristov emphasizes Bulgaria’s role not as a cost-saving hub, but as a source of highly skilled digital professionals.

Client relationships at Atos are nurtured long after project delivery—through system integration, training, and continued support—building long-term trust and recurring business. As Atos scales its Bulgarian operations, its model exemplifies how global tech companies can embed in regional ecosystems through skills development, service excellence, and sustainable growth.


Key Highlights

  • Over BGN 120M in Revenue Atos ranks among the top five IT companies in Bulgaria, with 2021 revenue exceeding BGN 120.9M.
  • 1,500+ Employees in Bulgaria The workforce is split across client-facing services and internal solutions for Atos globally.
  • Long-Term Market Presence Atos’ Bulgarian journey began through Siemens IT Services in the 1990s, evolving into a strategic European hub.
  • Commitment to Talent, Not Just Costs Atos values Bulgaria for its expertise, not just affordability—focusing on developing top-tier IT professionals.

Takeaway

Atos’ sustained investment in Bulgaria reflects how multinational technology firms can successfully integrate into regional innovation ecosystems. By prioritizing talent development and long-term client relationships, the company exemplifies a high-E-E-A-T approach—combining technical expertise, trusted partnerships, and strategic foresight.

For business leaders and policymakers, this growth story is a case study in how foreign direct investment can elevate national tech capabilities, stimulate employment, and anchor a country's position in the digital economy.


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