U.S. Markets closed

Unisys Secures Pennsylvania Contract Worth $681 Million

Zacks Equity Research

Leading information technology company Unisys Corporation (UIS) was recently offered a contract worth $681 million by the Commonwealth of Pennsylvania to host and operate on-demand government cloud computing services. Conducted through a competitive bid process, the contract is for an initial term of seven years, with three one-year renewal options.

The contract will involve the consolidation of seven existing data centers into a single secure hybrid cloud. Various state agencies will be able to requisition on-demand IT services. This contract allows the purchase of services as per requirements while providing project and contract management and other additional technical services. Unisys is also continuously introducing innovative products that will facilitate business flexibility, security and centralized management system.

The Commonwealth of Pennsylvania has resorted to this advanced way of delivering IT services with a shared services model in order to reduce costs and operate more efficiently. Unisys intends to team up with premium technology providers and Pennsylvania-based diverse businesses to further render advanced technological services.

Cloud technology is being increasingly adopted across all businesses to innovate and drive growth. With its in-depth technological expertise, Unisys is well poised to provide advanced cloud solutions to the Commonwealth of Pennsylvania.  

Based in Blue Bell, PA, Unisys specializes in helping clients to secure their operations, increase efficiency and utilize their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. The primary market that Unisys serves worldwide includes financial services, communication and transportation, commercial and public sector, including the U.S. federal government.

Unisys currently has a Zacks Rank #3 (Hold).) Other stocks that look promising and are worth a look include Barracuda Networks, Inc. (CUDA), Infosys Ltd (INFY), and Premier Alliance Group Inc. (PIMO), each carrying a Zacks Rank #2 (Buy).

Read the Full Research Report on INFY
Read the Full Research Report on UIS
Read the Full Research Report on CUDA
Read the Full Research Report on PIMO

Zacks Investment Research