Managed services News
Atos May Split Into Two Companies: 5 Things To Know
Joseph F. Kovar
Atos is exploring the creation of two separate companies—Atos, with a focus on managed infrastructure services, digital workplace and professional services, and Evidian, with a focus on digital transformation, big data and cybersecurity.
Atos Going Forward
Atos, a global systems integrator and solution provider with a focus on cloud and digital transformation and a large managed security services practice, Tuesday unveiled a plan to potentially divide into two separate companies. The separation, if it happens according to plan, would likely occur during the second half of 2023.
CRN reached out to Atos for comment but had not heard back by press time.
The decision to explore the creation of two companies—Atos, with a focus on managed infrastructure services, digital workplace and professional services, and Evidian, with a focus on digital transformation, big data and cybersecurity—comes as the Paris-based company is looking for a way to unlock what it calls the highest value for its stakeholders.
While officially no final decision has been made, current Atos CEO Rodolphe Belmer said in a prepared statement that the potential separation into two companies would be the culmination of a plan started early this year, which was about the time that he took over as CEO.
“This potential new path for Atos would aim to optimize the two distinct markets that the Group operates in, both with fundamentally different dynamics: on the one hand, the infrastructure-driven, asset-led market, and, on the other hand, the digital applications and security driven market. Separating these two businesses would create two companies, leaders in their respective segments with proven and recognized track records.”
Belmer is now planning to retire in September as his current role would change significantly if the company splits.
Atos has already determined who would lead the future Atos and Evidian. Atos would be led by a 21-year Atos veteran, while Evidian would be placed in the hands of a new C-level executive who joined the company only two months ago.
While the potential split into two companies is being touted as a way to unlock the value of the current Atos, it comes during a time of financial decline for the company. Atos for fiscal 2021 reported falling revenue and a loss and said its fiscal 2022 may still see a decline.
To understand where Atos is today and what it might look like by year-end, CRN broke down the company’s numbers and news. Here is a look at the past, present and especially the future of Atos.