BLUE BELL, Pa., June 12, 2012 /PRNewswire/ -- Unisys (NYSE: UIS) was awarded a task order from the Internal Revenue Service (IRS) under the Total Information Processing Support Services–4 (TIPSS-4) contract to update, operate and maintain the agency's Excise Files Information Retrieval System (ExFIRS).
This firm-fixed-price task order has a one-year base period and four one-year options. The base year has a value of approximately $4 million, and the task order would be worth approximately $20 million if all options are exercised.
The IRS uses the congressionally mandated ExFIRS to verify the collection of fuel excise taxes and analyze motor fuel industry information to identify areas of noncompliance with excise law.
Under the task order, Unisys will be responsible for maintaining ExFIRS code in compliance with legislative mandates and changes in IRS processes. Unisys also will provide break/fix software development services as needed.
"We are pleased about this opportunity to continue work on this important project," said Venkatapathi "PV" Puvvada vice president and managing partner for Civilian Justice, Finance and Administration, Unisys Federal Systems.
Unisys is a worldwide information technology company. We provide a portfolio of IT services, software and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services and high-end server technology. With more than 22,500 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.
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. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. In particular, statements in this release regarding the total value of the task order are based on the assumption that all options will be exercised and the task order will continue for its full five-year term. Further because agreements with government agencies are terminable before the end of their terms and are subject to the availability of appropriated funds, there is no guarantee that each year of the task order will continue for its full term. Additional discussion of factors that could affect Unisys future results is contained in periodic filings with the Securities and Exchange Commission.
RELEASE NO.: 0612/9108
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