Unisys Announces Range of First-Quarter Contract Wins for ClearPath Forward® Business

Rhea-AI Summary

On May 7, 2021, Unisys Corporation (NYSE: UIS) announced multiple contracts totaling over $20 million in the first quarter of 2021 for its ClearPath Forward enterprise-computing environment. Key contracts include providing support for credit card processing and back-office services to a Southeast European financial company, extending services to a European air navigation provider, and securing a renewal with United Community Banks for new servers and data protection. These contracts highlight the growing demand for Unisys' secure computing solutions.

Positive

• Secured contracts exceeding $20 million, enhancing revenue stability.
• Continued partnership with United Community Banks, supporting growth with new ClearPath Forward FS800 financial servers.
• Expanding services in Southeast Europe, increasing market presence in financial services.

Negative

• None.

BLUE BELL, Pa., May 7, 2021 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced a series of contracts for ClearPath Forward^® – Unisys' flagship enterprise-computing environment.

All awarded during the first quarter of 2021, the Unisys contracts announced today are:

• A contract of more than $20 million with a European financial-services company to continue providing support for its credit card processing, card production, call center and back-office services in Southeast Europe. The solution – which enables the company to process 13.3 million payment cards, handle more than 1.4 billion transactions and deliver customer services more efficiently – includes ClearPath Forward professional services and technology, along with consumption-based computing capacity. In addition, the contract includes the Unisys Stealth^® zero-trust solution to secure communications between key financial applications.
• The extension of a relationship with a European air navigation service provider to provide ClearPath Forward services, which will help the company maintain and evolve its corporate applications. The applications support corporate processes such as HR, Finance and Procurement, as well as more specialized applications to ensure the air traffic controllers have easy mobile access to all applicable regulatory documents.
• As an example of how Unisys ClearPath Forward solutions benefit banks and their customers, in the first quarter of 2021 the company secured a renewal contract with United Community Banks, Inc., one of the largest full-service financial institutions in the southeastern United States, with nearly $18 billion in assets and operations in five states. Unisys is providing new ClearPath Forward FS800 financial servers and design and installation services, along with data-protection and business-continuity solutions, to support the bank's continued growth and enable secure delivery of services to more than 750,000 accounts.

"As these contracts demonstrate, our ClearPath Forward solutions encompass the hybrid architectures and secure environments for mission-critical business systems. Additionally, the alignment of core business workflows and our compute platforms drive outcome-based success for our clients across industries," said Gene Chao, senior vice president and general manager, ClearPath Forward, Unisys. "Whether it's helping clients process millions of transactions each day, enabling enterprise mobility or keeping business-critical apps secure, ClearPath Forward is the ideal foundation for the most innovative and future-facing business systems."

About Unisys
Unisys is a global IT services company that delivers successful outcomes for the most demanding businesses and governments. Unisys offerings include digital workplace services, cloud and infrastructure services and software operating environments for high-intensity enterprise computing. Unisys integrates security into all of its solutions. For more information on how Unisys delivers for its clients across the government, financial services and commercial markets, visit www.unisys.com.

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RELEASE NO.: 0507/9833

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.

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SOURCE Unisys Corporation

FAQ

What contracts did Unisys announce on May 7, 2021?

Unisys announced several contracts totaling over $20 million, including support for credit card processing and services for a European air navigation provider.

How does the ClearPath Forward solution benefit Unisys clients?

ClearPath Forward provides secure and efficient systems for processing large volumes of transactions and facilitates enterprise mobility.

What is the significance of the contract with United Community Banks for Unisys?

The contract renewal with United Community Banks indicates ongoing trust in Unisys' services, supporting their growth and securing their IT infrastructure.

What markets does Unisys serve with its ClearPath Forward solutions?

Unisys serves various markets, including financial services, government, and commercial sectors, enhancing operational efficiency and security.