Unisys Corporation, a global IT solutions company, is acquiring cloud solutions provider CompuGain for $87.3 million on a cash-free, debt-free basis, empowering the company to booster its cloud offerings.
CompuGain's capabilities include application modernization, cloud-native agile application development and cloud and hybrid cloud data management, including its designation as an Amazon Web Services (AWS) Advanced Consulting Partner. The company brings more than 400 engineers, cloud solution architects and developers.
Unisys funded the transaction, which closed concurrently with the signing of the acquisition agreement, with cash on hand. Unisys expects the transaction to be immediately accretive to adjusted EBITDA and free cash flow (FCF).
"Acquiring CompuGain will enable Unisys to enhance the delivery of rapid and agile cloud migration, application modernization and data value realization to our clients," said Unisys Chair and CEO Peter Altabef. "CompuGain has a strong presence in financial services, which will add to our established position in that industry. It will also create cross-selling opportunities with both Unisys clients and CompuGain clients across multiple industries. Unisys expects the addition of CompuGain to drive revenue and profit growth and increased cash flow."
CompuGain capabilities will deepen Unisys' cloud expertise and its ability to:
- Deliver rapid and agile cloud migration. CompuGain brings an agile development process and customizable frameworks for both applications and Infrastructure as a Service (IaaS). Coupled with Unisys' expertise in hybrid cloud and cloud optimization services, the enhanced capabilities will help clients achieve faster and more reliable digital transformation.
- Modernize applications. The integration of Unisys and CompuGain addresses the rising need for cloud-native capabilities such as micro-services and micro-application deployment. These capabilities give clients the power to create new, software-based tools and services that align with business strategy, automate processes and reduce operational cost.
- Realize data value. CompuGain brings capabilities to help clients improve data governance, store and manage data with enterprise data lakes to eliminate data silos and unlock the full potential of their enterprise data and applications.
- 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.
For more information about this news, visit www.unisys.com.