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Monday, September 27, 2021
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Unisys Acquires Unified Communications Specialist Unify Square

Unisys Corporation has entered into an agreement to acquire Unify Square for $152.5 million on a cash-free, debt-free basis. Unisys is funding the transaction with cash on hand.

The transaction will enable Unisys to leverage Unify Square’s Unified Communications as a Service (UCaaS) offerings to help advance its experience-focused digital workplace services solution set.

“The acquisition of Unify Square will enhance Unisys’ digital workplace services business to drive increased revenue growth and improved profitability and cash flow,” said Peter Altabef, chair and CEO of Unisys. “The UCaaS market, in which Unify Square operates, is expected to be among the fastest-growing segments of the digital workplace services market. Unify Square’s capabilities will enable Unisys to deliver higher-value solutions to its clients that enhance their productivity and employee satisfaction. The acquisition is expected to be accretive to adjusted EBITDA margin and adjusted free cash flow by 2023, with a de minimis impact initially.”

“Unisys and Unify Square hold a shared vision for how businesses can more easily adapt to the new reality of a hybrid workforce,” said John Case, CEO, Unify Square. “Unify Square’s goal is to empower our enterprise clients with a complete set of software and services that allows them to provide seamless, secure experiences to employees.”

The acquisition will enable companies to accelerate their digital workplace journeys, moving from legacy on-prem communications platforms to modern cloud-based collaboration applications with less disruption and with more benefits. Companies will be able to actively assess, analyze and improve employee experience across multiple platforms while enhancing IT operational performance with real-time analytics.

Read more at Unisys

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