Atlantic International Corp. provides outsourced services and workforce solutions through a platform that includes North American staffing operations and Circle8 Group, its European IT and technology talent business. Company news centers on staffing demand, technology talent delivery, public-sector and enterprise service contracts, financial results, acquisition integration, and expansion of Circle8 capabilities in areas such as software development, cybersecurity, data analytics, AI infrastructure, and managed security operations.
Updates also cover corporate communications, investor relations activity, executive appointments, and cost-management initiatives as Atlantic integrates acquired operations and broadens its workforce-management and strategic consulting services.
Circle8 Group (CIRC) announced that Circle8 Netherlands secured a four-year contract worth approximately $314 million with Dutch government agency DUO Groningen. The agreement commenced May 1, 2026, and runs through April 28, 2030, extending an established relationship with the executive agency of the Dutch Ministry of Education, Culture and Science.
Circle8 Netherlands will provide specialist IT expertise for DUO’s technology and operational requirements. Eight contractors were deployed at commencement, and the framework provides scope to scale resources over the contract’s life. Circle8 said long-duration agreements strengthen revenue visibility and provide a foundation for expanding technology expertise and higher-value services across its European platform.
Circle8 Group (CIRC) announced that Circle8 Netherlands signed a four-year Dutch government contract worth approximately $492 million.
The agreement covers the Ministry of Health, Welfare and Sport, the Ministry of Social Affairs and Employment, and the Dutch Healthcare Authority. It consolidates IT expertise supply to the three bodies under one contractual framework, continuing and expanding existing arrangements. The contract commenced October 1, 2026, and runs through September 30, 2030, with seven contractors deployed at commencement.
Circle8 Group (CIRC) confirmed it has submitted a proposal to combine with SThree plc (STEM.L), an international specialist STEM recruitment business. The process is at an early stage, but Circle8 views the combination as a way to accelerate its ambition to build a leading global IT and technology platform while scaling internationally.
The proposed transaction is currently structured to be financed without issuing additional Circle8 common stock, so existing Circle8 shareholders would not be diluted. SThree generated approximately £1.3 billion in gross revenue in fiscal 2025, and Circle8 states that gross revenues of the combined entities could approach $3 billion. The company highlights potential benefits across AI, cybersecurity, cloud, software engineering, consulting, solutions and managed services, and reiterates its focus on financial discipline and long-term shareholder value.
Circle8 Group (Nasdaq:CIRC) reported record service revenue of $569.7 million for the first half of 2026, up 176.9% from $205.7 million and already above its prior record full-year revenue. First-half gross profit doubled to $45.2 million.
Second-quarter 2026 service revenue reached a record $319.8 million, up 210.8%, with gross profit up 108.5% to $23.8 million. SG&A fell to 11.75% of revenue from 18.3%, reflecting operating leverage. International operations, largely from the January 2026 acquisition of Circle8 Group B.V., contributed $206.0 million of Q2 revenue and $13.8 million of gross profit.
Despite strong top-line growth, Circle8 posted a Q2 net loss of $86.4 million (loss per share $0.98), including a $60.4 million one-time charge for a litigation settlement with SPP Credit Advisors. First-half net loss was $117.1 million. Cash and equivalents rose to $19.3 million from $0.1 million at year-end 2025. The August 7, 2026 SPP settlement releases and cancels a $35 million merger note and related conversion rights, with the note reduction expected to be reflected in third-quarter 2026 financials, subject to final accounting treatment.
Circle8 Group (Nasdaq: CIRC) reported that an independent PIFA market analysis ranked Circle8 as the leading Broker/MSP provider in Dutch public-sector contract awards published on TenderNed during 2025. The analysis attributed approximately €2.07 billion (about US$2.39 billion) in awarded framework value to Circle8 across six agreements, equal to 28.7% of the Broker/MSP award value included in the study.
According to Circle8, its attributed framework value exceeded the combined value of the Top 20 providers in the Dutch public-sector secondment category. The company’s position is linked to major workforce programs with the Dutch National Police, UWV, ProRail and Vitens. Circle8 cautioned that framework values are estimated or maximum amounts and do not represent guaranteed spending, revenue or backlog, and may include work fulfilled by third-party suppliers.
Circle8 Group (Nasdaq: CIRC) executed a definitive global settlement with SPP Credit Advisors, resolving all outstanding litigation and legacy financing issues and cancelling Circle8's $35 million Convertible Seller's Note due March 2027, including all related conversion rights and potential equity dilution.
The agreement cures existing defaults, restores remaining SPP indebtedness to non-default interest rates, removes default interest and sets an approximately 18‑month orderly share disposition framework to satisfy remaining obligations. SPP will grant Circle8 an irrevocable option to repurchase about 21.9 million existing shares at $0.0001 per share while receiving an equivalent number of newly issued registered shares, with SPP immediately relinquishing all rights on the existing shares.
Circle8 Group (Nasdaq: CIRC) executed a definitive settlement agreement with SPP Credit Advisors that resolves all outstanding litigation, releases, cancels and discharges the Company's $35 million Convertible Seller's Note due March 2027, and restructures remaining legacy financing. The settlement cures existing defaults, restores non-default interest rates and eliminates default interest.
SPP will grant Circle8 an irrevocable option to purchase approximately 21.9 million existing shares for $0.0001 per share while Circle8 simultaneously issues about 21.9 million new registered shares to SPP. The deal includes an approximately 18‑month orderly share disposition framework to satisfy remaining indebtedness and is intended to simplify the capital structure and enhance financial flexibility.
Circle8 Group (Nasdaq: CIRC) announced the completion of extensions for two long-standing Dutch public sector contracts with a combined annual value of about US$20 million, reinforcing its recurring revenue base. The Waternet contract is extended from June 17, 2026 through June 17, 2027 with an annual value of approximately US$11.7 million. The De Bevelanden agreement is extended through March 31, 2028 with an annual value of around US$8.2 million.
These awards add to Circle8’s 2026 commercial activity, including a four-year DUO Groningen contract of roughly US$380 million, a four-year RDW contract with a minimum value of about US$52 million, and a one-year Rijkswaterstaat extension of approximately US$175 million per year. According to Circle8, public sector contract awards and extensions approved during 2026 now exceed US$625 million in aggregate value, underlining its expanding role in Dutch government digital infrastructure and essential services.
Atlantic International (Nasdaq: ATLN), transitioning to the Circle8 brand, announced a one-year extension of its strategic agreement with Rijkswaterstaat, effective December 1, 2026 to November 30, 2027.
The extension has an estimated annual contract value of ~$175 million and contributes to more than $600 million in 2026 public sector technology contract opportunities. Atlantic International reports annualized revenue above $1 billion.
Atlantic International (Nasdaq: ATLN) is relaunching as Circle8, reflecting its evolution from a North American staffing firm into a global technology and workforce solutions platform with annualized revenue exceeding $1.2 billion and operations across North America and Europe.
The company plans to change its name to Circle8 Group and, subject to Nasdaq and regulatory approval, trade under ticker CIRC. Guus Franke is appointed Chief Executive Officer while remaining Executive Chairman, and former CEO Jeffrey Jagid becomes President and continues on the Board. Circle8 operates four platforms: Technology Consulting, Technology Solutions, Managed Services and Technology Workforce Solutions, and recently secured European public-sector agreements valued at $380 million and $52 million.