Atos is renaming itself to Eviden and selling its managed infrastructure services division to an investment fund, following disagreement over the sale's intentions.

Atos is changing its name to Eviden and selling its historical managed infrastructure services company to an investment fund. A disagreement over intentions to sell its legacy managed infrastructure services division has led IT services provider Atos to fire its chairman as it gets ready to divide its operations into faster- and slower-growing segments in the vein of IBM. Atos maintains that the purchase is still going forward, but the business has pushed back the closing date by three months after its chairman, Bertrand Meunier, quit last week in response to a legal challenge from an activist investor.

The agreement will terminate the company's current provision of IT services to enterprise clients as a one-stop shop, but it will free up funds and cash flow to fund investments in more contemporary areas such as artificial intelligence, cloud computing, cybersecurity, digital transformation, and smart digital platforms. In November 2021, IBM separated its managed infrastructure services division into a new firm, Kyndryl, with the goal of becoming a more profitable and dynamic enterprise with an emphasis on cutting-edge technology.

Atos, a key player in the European IT services market, announced in July 2022 that it would split its less profitable operations, including data centers, hosting, digital workplace, unified communication, and business process outsourcing, which was seen as attractive to its management.