Unisys Awarded More Than $100 Million in New Customer Outsourcing Contracts.Business Editors/Hi-Tech Writers BLUE BELL, Pa.--(BUSINESS WIRE)--April 25, 2002 Unisys Corporation (company) Unisys Corporation - The company formed in 1984-5 when Burroughs Corporation merged with Sperry Corporation. This was when the phrase "dinosaurs mating" was coined. (NYSE NYSE See: New York Stock Exchange :UIS (graphics, programming) UIS - A VMS graphics programming interface package for VAXstations. ), a worldwide information technology services and solutions company, announced today that it has been awarded new and extended multi-year contracts anticipated to generate more than $100 million for initiatives utilizing the company's outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. solutions worldwide. Most of these contracts were signed in Unisys first fiscal quarter, and were included in new contract totals for that quarter, which ended March 31, 2002. The deals include a one-year adj. 1. completing its life cycle within a year. Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants" annual phytology, botany - the branch of biology that studies plants contract renewal from the Caixa Caixa might mean:
1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. Group Ltd. for approximately $11.75 million; a three-year contract with the New South Wales Department of Education and Training The New South Wales Department of Education and Training (DET) is a department of the Government of New South Wales with responsibility for primary schools, secondary schools and Technical and Further Education (TAFE) colleges. for approximately $17.5 million; an estimated $20.5 million outsourcing contract with CANTV CANTV Compañía Anónima Nacional Teléfonos de Venezuela , the largest communications carrier in Venezuela; and three new distributed IT infrastructure outsourcing contracts totaling an estimated $23 million. "With significant new client engagements and double-digit outsourcing growth during the first quarter, 2002 is poised to be the year we realize outsourcing's increased potential at Unisys," said Robert D. Evans Ev·ans , Herbert McLean 1882-1971. American anatomist who isolated four pituitary hormones and discovered vitamin E (1922). , corporate senior vice president and president, global outsourcing, for Unisys Corporation. "This new business momentum validates our corporate strategy to concentrate on developing annuity-revenue opportunities through our various outsourcing service offerings." Unisys strategic focus to expand client assignments in infrastructure, IT and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in aligns with analysts' predicted near-term growth for the outsourcing sector. Gartner and IDC have predicted spending of more than $150 billion in global IT outsourcing alone by 2005. Unisys continues to build its outsourcing practice with tailored services and solutions that address specific customers' needs and business and IT demands. The company's service offerings consist of managing computers, networks, desktops and data centers in addition to application support. Specific business process outsourcing (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) services involve managing transaction-intensive functions and processes, allowing customers to focus on core business activities. Signed in recent months, the agreements will increase the company's presence in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , IT and government industries: -- Unisys was awarded a one-year, approximately $34 million contract renewal from Caixa Economica Federal for service delivery to the Brazilian Ministry of Labor, through Datamec, a wholly owned Unisys subsidiary. Caixa is both the largest S&L in Brazil and the administrator of the Brazilian government home mortgage system. Under the agreement, Datamec will provide IT operations and development for the administration of federal unemployment programs in Brazil. The extension of the contract follows national recommendation and recognition of Ministry of Labor for its quality public service. -- In addition, Unisys was awarded an approximately $11.75 million, 4 3/4 year extension to an existing nine-year agreement with CSL Group Ltd. in the U.K. to deliver IT outsourcing services to the Lord Chancellor's Department. Unisys will manage and support desktop and network systems and applications, including the operation and application support for existing Data General legacy systems. -- In Australia, Unisys has won an estimated $17.5 million, three-year contract with the New South Wales Department of Education and Training to provide and host Internet and e-mail access for up to 1.2 million students, as well as 130,000 teachers and administrative staff. When the integration of this project is completed, Unisys will be managing the largest network of e-mail accounts and Internet services in Australia. -- Unisys was recently awarded an estimated $20 million outsourcing contract by CANTV, the largest communications carrier in Venezuela. Under the three-year agreement, Unisys will provide call center operations. The contract is the result of CANTV's customer satisfaction with the services rendered by Unisys during a nine months competitive pilot assessment which yielded significant financial savings and service level improvements. -- In design and media, Unisys received a three-year contract, valued at approximately $5.3 million, from a leading design and digital media creation, management, and distribution company. Unisys will provide a wide range of information technology outsourcing services worldwide, including a single-point-of-contact help desk, a technology refresh program, asset tracking, and remedial maintenance for the client's 4,800 seat distributed computing infrastructure. -- Unisys has won a three-year contract from a leading management consulting firm for a range of infrastructure outsourcing services for desktop systems to support professionals in North America. About Unisys Unisys is a worldwide information technology services and solutions company whose 37,000 people help clients in more than 100 countries utilize technology to seize seize v. To exhibit symptoms of seizure activity, usually with convulsions. opportunities, overcome challenges and succeed in the global economy. The company offers a rich portfolio of business solutions led by its expertise in consulting and systems integration, outsourcing, network services and security, coupled with leading enterprise-class server and related technologies. Primary vertical markets for Unisys worldwide are the financial services, transportation, communications, media, commercial and public sectors, including U.S. federal government customers. Unisys is headquartered in Blue Bell, Pennsylvania Blue Bell is a census-designated place (CDP) in Whitpain Township in Montgomery County, Pennsylvania, in the United States. As of the 2000 census, its population was 6,395. , in the Greater Philadelphia area. For more information on the company, access the Unisys home page on the World Wide Web at www.unisys.com. Investor information can be found at www.unisys.com/investor. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 regarding the anticipated value of engagements with governmental agencies are subject to the availability of appropriated funds and are terminable ter·mi·na·ble adj. 1. Possible to terminate: terminable activities; terminable employees. 2. Terminating after a designated date: a terminable annuity. by such agencies before the end of their terms. In addition, statements in this release regarding anticipated values of contracts are based upon assumptions regarding future volumes of business, which are subject to change, and, because certain of the agreements are terminable before the end of their terms, the estimated value of such engagements are not guaranteed. Additional discussion of factors that could affect Unisys future results is contained in its periodic filings with the Securities and and Exchange Commission. RELEASE NO.: 0402/8135 http://www.unisys.com/news/releases/2002/apr/04258135.asp Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders. |
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