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Unisys ClearPath Software Selected by Malaysia's ANGKASA

Zacks Equity Research

Information technology firm,Unisys Corporation UIS was recently selected by Angkatan Koperasi Kebangsaan Malaysia (ANGKASA) to provide its ClearPath Forward software technology. It will enable ANGKASA to deliver and expand its payment services.

As a leading company in Malaysia, ANGKASA offers salary deduction services for salaried employees, credit co-operatives, financial institutions and other business organizations. Using Unisys’s ClearPath Forward software, the company will be able to deliver fast, efficient salary-deduction and payment services. This would help it live up to customers’ expectations.

Per the contract, Unisys will help ANGKASA create new development and disaster recovery environments, and replace manual backup processes with automated data replication between the sites to reduce recovery time significantly.  Unisys will enable ANGKASA retain and expand its member base and provide best-in-class user experience for their customers.

Unisys will also offer AB Suite and Data Exchange along with Enterprise Output Manager and ePortal to develop new channels for serving customers through the web and mobile devices and deliver continuous availability for the salary-deduction service. These solutions will offer high level of security.

According to a survey conducted by Zion Market Research, the global cyber security market valued at $105.45 billion in 2015, is expected to reach $181.77 billion in 2021 and is anticipated to witness a CAGR of 9.5% between 2016 and 2021. Based on this report we can conclude that Unisys can expect a boost in its revenues in the upcoming years.

On Mar 29, 2017, the company extended its service contract with Coopercitrus – a Brazilian agriculture cooperative – for an undisclosed amount. The contract extension entails Coopercitrus to use Unisys’ ClearPath Forward technology and IT services for organic growth.

Successive contract wins are likely to translate into incremental revenues for Unisys. This Zacks Rank #3 (Hold) stock has witnessed an average gain of 9.1% compared with 0.1% rally for the Zacks categorized Computers - IT Services industry in the last one month.  

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