Atos to spin off into SpinCo (Evidian) and TFCo (Atos).

Atos, an IT infrastructure and digital services provider, agreed to spin off into SpinCo (Evidian), a digital, big data and security business line, and TFCo (Atos), an infrastructure and tech foundation business line. "Today we announce our intention to take the in-depth transformation of the group, started at the beginning of the year, one step further. 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. By specializing in two businesses on different and equally attractive paths, each company would focus on what they do best for their customers, creating significant new investment capacity for both and giving both the chance for long term success, growth and achievement," Rodolphe Belmer, Atos CEO.