Philippe Vannier, Chairman and CEO of Bull Group, commented: "Our goal for One Bull is to unleash the value of data. The ramp-up in Cloud services, Big Data and the internet of things means that organisations need to refocus on how information is transforming their business. Bull boasts a unique combination of three areas of expertise - computing power, integration of complex architectures and security - that meets their needs. One Bull should enable customers to move away from conventional digital environments and focus instead on their core business."
The One Bull plan is predicated on three levers, which are intended to develop the Group's competitiveness in an unprecedented manner and to put it back on a sustainable course for profitable growth:
1. Refocusing of activities on Cloud and Big Data services. Its core business will become the integration and management of high-performance systems and secure IT data processing and management solutions underpinning new types of demand. This decision is backed up by:
2. Improved efficiency
3. And an overhaul of the enterprise-wide agreements. To secure the buy-in of Bull's employees, the cornerstone of this plan, a series of initiatives will be implemented to promote the flexibility of the organisation and working hours, competency development, the acquisition of new expertise, business and geographical mobility, professional advancement and the emergence of young talent. This unprecedented and robust investment, which is predicated first and foremost on internal competencies, will be backed up by introducing practices to make Bull a leading employer brand in the technology sector.
One Bull is a plan that will deliver substantial performance improvement based chiefly on internal drivers within Bull. To roll out its initiatives effectively and ensure the objectives that the Group has set itself collectively are reached, three internal "One Bull" transformation programmes, each corresponding to one of the three performance levers, have been implemented, with performance measured regularly and teams' objectives then tailored accordingly.
The gradual improvement in the Group's competitiveness will generate around 200 million euro in cumulative operating cash flow over the period.
Pierre Barnabé, Bull's Chief Operating Officer, stated: "By combining and pooling our areas of expertise and by focusing them on a clear objective, Bull intends to boost its competitiveness and capitalise on steadily growing demand to harness the potential of Big Data. With the One Bull plan, we are aligning our organisation with this objective. We are doing so by increasing the clarity of our offering, setting ourselves priorities and investing in our key assets, chief among which is our people. It represents the start of a new chapter for Bull, which promises to be an unprecedented, ambitious and exciting period in its development."