French IT services giant Atos has announced that it will continue discussions with the French state regarding the potential sale of its cybersecurity and big data assets. This follows the company’s decision to split itself into two entities: Evidian, focused on digital transformation, and a separate cybersecurity and big data company.

The state, through its investment fund Bpifrance, has already expressed interest in acquiring a minority stake in the newly formed cybersecurity and big data entity. However, Atos has confirmed that it remains open to considering other options, including a potential sale of the entire business.

“We are committed to ensuring the success of our strategic transformation and will continue to explore all options to maximize value for our shareholders and customers,” stated Atos CEO Rodolphe Belmer. “We are open to discussions with all interested parties, including the French state, and believe that a strategic partnership can bring significant benefits to both parties.”

The potential sale of these assets comes amidst a period of significant change for Atos. The company has been grappling with declining revenues and margin pressures in recent years. The split into two entities is seen as a way to streamline operations and focus on core competencies.

Analysts are cautiously optimistic about the potential for a deal with the French state. While Bpifrance’s interest is a positive sign, the final outcome will depend on various factors, including valuation and the state’s overall strategic objectives.

The ongoing talks between Atos and the French state are expected to continue in the coming months, with a potential announcement on the future of the cybersecurity and big data assets expected by the end of the year. The outcome of these negotiations will have a significant impact on Atos’ future and the French technology sector as a whole.