Unisys Wins Contract to Help U.S. Treasury Department's Office of the Comptroller of the Currency Move to the Cloud
Aug 11, 2016, 08:00 ET
BLUE BELL, Pa., Aug. 11, 2016 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced it has been selected by the Office of the Comptroller of the Currency (OCC), an independent bureau within the U.S. Department of the Treasury, to help move all 4,000 agency employees to cloud-based email services.
This migration into the cloud will transition the agency to enterprise-wide cloud-based services, and provide additional capabilities, flexibility and cost savings.
The contract, worth up to $11.2 million over five years, has one base year followed by four one-year option periods. Under the contract, Unisys will provide analysis, design, transition planning and development services to help the OCC securely move all of its email services to the cloud.
Unisys is a global market leader in designing and migrating mission-critical systems securely to the cloud. The OCC transition is the latest in a series of cloud-related projects on which Unisys has worked with federal agencies. Earlier this year, Unisys announced it helped the U.S. Department of the Interior become the first federal agency to move its SAP-based, financial management system to the cloud.
In 2010, Unisys helped the U.S. General Services Administration become the first federal agency to move all of its employees to a cloud-based email and collaboration platform. Unisys subsequently worked on similar projects for agencies including the U.S. Department of Energy and the National Archives and Records Administration.
"We are pleased that the OCC chose Unisys to assist the agency's foray into the cloud," said Casey Coleman, group vice president for civilian agencies at Unisys Federal. "We intend to leverage our market leadership, experience and expertise in helping federal agencies move to the cloud, and we look forward to helping the OCC achieve significant benefits through this program."
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. 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 concerning the total ceiling value of the contract are based on the assumption that all options will be exercised and the contract will continue for its full five year potential term. That is not guaranteed, because options are exercisable at the sole discretion of the government and agreements with government agencies are terminable before the end of their terms and are subject to the availability of appropriated funds. Additional discussion of factors that could affect Unisys future results is contained in our periodic filings with the Securities and Exchange Commission.
About Unisys
Unisys is a global information technology company that works with many of the world's largest companies and government organizations to solve their most pressing IT and business challenges. Unisys specializes in providing integrated, leading-edge solutions to clients in government, financial services and commercial markets. With more than 20,000 employees serving clients around the world, Unisys offerings include cloud and infrastructure services, application services, security solutions, and high-end server technology. For more information, visit www.unisys.com.
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RELEASE NO.: 0811/9443
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