Enhance public cloud skill sets. CompuGain enhances
Unisys' significant cloud capabilities. Among its other
accreditations, CompuGain is an AWS Advanced Consulting Partner.
Its competencies across public cloud platforms include serverless
technologies, data lakes, containers, machine learning and
DevSecOps, as well as application and data architecture for cloud
environments.
"Businesses must modernize to remain competitive, and that means
keeping pace with peers in moving to new operating models by
deploying hybrid and multi-cloud environments," said David Tapper, vice president, Outsourcing and
Managed Cloud Services, IDC. "The combination of CompuGain and
Unisys serves as an immediate differentiator that organizations can
leverage to help navigate the complexity of managing multiple cloud
environments, with the goal of meeting time-to-market requirements,
driving revenue, ensuring agility and improving the customer
experience."
The purchase price is subject to customary adjustments based on
closing cash, indebtedness and working capital. For disclosures and
definitions related to any Unisys financial metrics referenced in
the attached, including adjusted EBITDA and FCF, please see the
Unisys 3Q21 earnings release, available on the company's website.
Baird served as the exclusive sell side financial advisor and
Holland & Knight served as
legal counsel to CompuGain.
In September 2021, leading global
technology research and advisory firm Information Services Group
(ISG) recognized Unisys as a global leader for its cloud and
infrastructure solutions in a Provider Lens™ report.
About Unisys
Unisys is a global IT solutions company that delivers successful
outcomes for the most demanding businesses and governments. Unisys
offerings include digital workplace solutions, cloud and
infrastructure solutions, enterprise computing solutions, business
process solutions and cybersecurity solutions. For more information
on how Unisys delivers for its clients across the commercial,
financial services and government markets, visit
www.unisys.com.
Follow Unisys on Twitter and LinkedIn.
About CompuGain
CompuGain is an Amazon Web Services (AWS) Advanced Consulting
Partner. CompuGain has partnered with more than 35 Fortune 1000
Companies with highly-regulated environments, delivering more than
1,500 projects to date. CompuGain brings a team of more than 400
engineers, cloud solution architects and developers providing
consultation and implementation expertise in modern application
delivery, data services, micro-services and digital transformation
to achieve the next faster.
Forward-Looking Statements
Any statements contained in this release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are usually identified by or are associated with such
words as "intend," "plan," "believe," "estimate," "expect,"
"anticipate" and similar terminology. Such forward-looking
statements include those that address activities, events or
developments that Unisys or its management believes or anticipates
may occur in the future, including earnings enhancements, synergies
and other benefits from the CompuGain acquisition. All
forward-looking statements are based upon Unisys' current
expectations, various assumptions and data available from third
parties. Unisys' expectations and assumptions are expressed in good
faith, and Unisys believes there is a reasonable basis for them.
However, there can be no assurance that such forward-looking
statements will materialize or prove to be correct as
forward-looking statements are inherently subject to known and
unknown risks, uncertainties and other factors which may cause
actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements.
Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those set out in the
forward-looking statements, including: the risk that Unisys may be
unable to successfully integrate CompuGain or that integration
costs exceed Unisys' expectations; the risk that Unisys may not
realize the benefits expected from the acquisition, including
earnings enhancements and synergies; potential adverse reactions or
changes to business or employee relationships, including those
resulting from the announcement of the acquisition; the risk that
Unisys may not attract, motivate and retain experienced personnel
in key positions; the risk that Unisys did not identify certain
risks relating to the business of CompuGain or underestimated the
severity or probability of certain risks relating to the business
of CompuGain; the risk that Unisys may not effectively anticipate
and respond to volatility and rapid technological innovation; the
risk of adverse developments on Unisys' ability to grow revenue and
expand margin in its Digital Workplace Solutions and Cloud and
Infrastructure Solutions businesses; the risks of doing business
internationally, particularly when a significant portion of Unisys'
revenue is derived from international operations; the risk of
cybersecurity breaches, which could result in significant costs and
harm Unisys' business and reputation; and the other factors
discussed in the Item 1A, "Risk Factors" sections in Unisys' Annual
Report on Form 10-K for the fiscal year ended December 31, 2020 and in Unisys' Quarterly Report
on Form 10-Q for the quarter ended March 31,
2021, and in Unisys' other filings with the Securities and
Exchange Commission which are available at http://sec.gov. For any
forward-looking statements contained in this or any other document,
Unisys claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995. Unisys assumes no obligation to update or revise any
forward-looking statements in light of new information or future
events except as required by law.
###
RELEASE NO.: 1214/9860
Unisys and other Unisys products and services mentioned herein,
as well as their respective logos, are trademarks or registered
trademarks of Unisys Corporation. Any other brand or product
referenced herein is acknowledged to be a trademark or registered
trademark of its respective holder.
UIS-C
Contacts: Investors: Courtney
Holben, Unisys, 215-986-3379, courtney.holben@unisys.com;
Media: Tony Buglione, Unisys,
215-274-1942, tony.buglione@unisys.com
