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Unisys Acquires Cloud Solutions Provider CompuGain for USD 87.3m.

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MANews-(C)2009-2021

US-based IT solutions company Unisys Corp. (NYSE: UIS) has acquired cloud solutions provider CompuGain for USD 87.3m on a cash-free, debt-free basis.

CompuGain's capabilities in application modernization, cloud-native agile application development and cloud and hybrid cloud data management, including its designation as an Amazon Web Services Advanced Consulting Partner, will deepen Unisys' cloud offerings.

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.

CompuGain generated USD 58m of revenue for the 12-month period ending September 30, 2021, up 12% year over year, with more than 90% of its revenue from client relationships with an average tenure of greater than nine years.

Unisys expects the transaction to be immediately accretive to adjusted EBITDA and free cash flow.

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.

CompuGain...

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