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Science Applications International Corp. has agreed to buy Unisys’ federal business unit for $1.2B in cash, SAIC announced on Thursday. The transaction multiple of approximately 13x LTM 9/30/19 Adjusted EBITDA(5) will add greater value to SAIC and will provide a significant premium to Unisys’ trading multiple.
MoreFour female members of Unisys' board of directors have been included in WomenInc.'s list of influential corporate directors for 2019. The publication will feature Deborah Lee James, Denise Fletcher, Lisa Hook and Regina Paolillo in both the online and print editions of its annual award program.
MoreUnisys CEO Peter Altabef told CRN in an interview published Thursday that the company has made security the core of its information technology platforms and service offerings. Altabef said the company’s non-dedicated security platforms have built-in security features and Unisys aims to build on that as it works to support government agencies, financial services, health care and transportation clients.
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Peter Altabef, chairman and CEO of Unisys, appeared Saturday before CES Government conference attendees in Las Vegas to discuss the need to advance internet security and safety through technology adoption. "To enact the necessary changes, governments and companies will need to actively leverage new technologies, including 5G communications, artificial intelligence and biometrics, to make us safer – not just better connected," Altabef said in a statement published Friday.
MoreDwayne Allen, former global digital strategist at Microsoft, has joined Unisys to serve as chief technology officer and senior vice president of solution innovation and architecture. He will report to Unisys CEO Peter Altabef and lead development of cloud, enterprise computing and user experience technologies that address customer needs, the company said Monday.
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