Unisys to Acquire Unify Square for $152.5 Million, Creating the Most Advanced and Flexible Enterprise-wide Solution to
Optimize the Collaboration Experience
Unisys Corporation (NYSE: UIS), a global IT solutions company, today announced that it has entered into an agreement to acquire Unify
Square, the leading experience management provider for secure collaboration and communications platforms, for $152.5
million on a cash-free, debt-free basis. Unisys is funding the transaction with cash on hand.
The transaction, which is expected to close today, 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. Together with
Unisys, we will have a unique opportunity to help more enterprises thrive in this new digital workplace environment.”A Powerful Solution for Seamless, Rapid, Enterprise-wide Collaboration
The integration of Unisys’ and Unify Square’s digital workplace services capabilities will help clients achieve seamless
collaboration and experience parity through excellent employee experiences and agile ways of working that enable
innovation any time, anywhere and on any device. Unisys and Unify Square will now be able to help clients achieve
outcomes through:Accelerating transformation. Companies can now accelerate their digital workplace journeys, quickly and seamlessly
moving from legacy on-prem communications platforms to modern cloud-based collaboration applications with less
disruption and with immediate benefits.Proactively assessing experience through real-time analytics. Companies can now actively assess, analyze and improve
employee experience across multiple platforms while enhancing IT operational performance with real-time analytics.Enabling comprehensive governance and management. Through built-in compliance and security capabilities, Unify Square
solutions provide a policy framework and robust functionality to create policies to simultaneously cover all
collaboration platform security and lifecycle management scenarios.
“As we continue to navigate through uncertain times and new ways of working, the most successful organizations will be
the ones that cultivate agile, dynamic worker experiences and work environments,” said Amy Loomis, research director for
IDC’s Future of Work Agenda practice. “Leaders must work across functions to develop the workplace infrastructure,
support, policies and procedures that will enable employees to securely access the people, tools and data they need any
time, anywhere and from any device. The acquisition of Unify Square by Unisys provides the software, services and
support leaders will need to support hybrid work models of the future.”Unisys Digital Workplace Services
Unisys Digital Workplace Services deliver advanced workplace solutions to help clients transform their digital workplaces and create exceptional end-user
experiences. Unisys InteliServe™ incorporates change-management capabilities and a user-centric design to deliver a
frictionless employee experience that easily plugs into human resources, finance and business applications. In February
2021, for the third consecutive year, Gartner positioned Unisys as a Leader in its Magic Quadrant for Managed Workplace Services, North America report.
The purchase price is subject to customary adjustments based on closing cash, indebtedness and working capital. For
disclosures and definitions related to any Unisys financial metrics referenced in the attached, including adjusted
EBITDA and adjusted free cash flow, please see the Unisys 1Q21 earnings release, available on the company’s website.
Clearsight Advisors, Inc. acted as an exclusive financial advisor to Unify Square.
About Unisys
Unisys is a global IT solutions company that delivers successful outcomes for the most demanding businesses and
governments. Unisys offerings include digital workplace services, cloud and infrastructure services, software operating
environments for high-intensity enterprise computing, business process solutions and application development services.
Unisys integrates security into all of its solutions. For more information on how Unisys delivers for its clients across
the government, financial services and commercial markets, visit www.unisys.co.nz
Unify Square’s software and services optimize and enhance the world’s largest collaboration and communication
deployments, helping businesses manage and secure their meetings, chats and calls. The company’s PowerSuite™ software
creates a unified dashboard to surface actionable insights and help manage collaboration platforms — optimizing and
transforming performance health and user effectiveness. Unify Square is a global elite partner for Microsoft and Zoom.
Unify Square’s solutions have delivered value to more than 6 million collaboration seats, in over 275 enterprises across
more than 50 countries, and in most major industry verticals.
Headquartered in Bellevue, Wash., Unify Square also has offices in the United Kingdom, Germany, Switzerland, India,
Australia and Lithuania.Forward-Looking Statements
Any statements contained in this release that are not historical facts are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identified by or are associated
with such words as “intend,” “plan,” “believe,” “estimate,” “expect,” “anticipate” and similar terminology. Such
forward-looking statements include those that address activities, events or developments that Unisys or its management
believes or anticipates may occur in the future, including earnings enhancements, synergies and other benefits from the
Unify Square acquisition. All forward-looking statements are based upon Unisys’ current expectations, various
assumptions and data available from third parties. Unisys’ expectations and assumptions are expressed in good faith, and
Unisys believes there is a reasonable basis for them. However, there can be no assurance that such forward-looking
statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and
unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to
differ materially from the future results, performance or achievements expressed in or implied by such forward-looking
statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set
out in the forward-looking statements, including: the risk that Unisys may be unable to successfully integrate Unify
Square or that integration costs exceed Unisys’ expectations; the risk that Unisys may not realize the benefits expected
from the acquisition, including earnings enhancements and synergies; potential adverse reactions or changes to business
or employee relationships, including those resulting from the announcement of the acquisition; the risk that Unisys may
not attract, motivate and retain experienced personnel in key positions; the risk that Unisys may not effectively
anticipate and respond to volatility and rapid technological innovation; the risk of adverse developments on Unisys’
ability to grow revenue and expand margin in its Digital Workplace Services and Cloud and Infrastructure businesses; the
risks of doing business internationally, particularly when a significant portion of Unisys’ revenue is derived from
international operations; the risk of cybersecurity breaches, which could result in significant costs and harm Unisys’
business and reputation; and the other factors discussed in the Item 1A, “Risk Factors” sections in Unisys’ Annual
Report on Form 10-K for the fiscal year ended December 31, 2020 and in Unisys’ Quarterly Report on Form 10-Q for the
quarter ended March 31, 2021, and in Unisys’ other filings with the Securities and Exchange Commission which are
available at http://sec.gov. For any forward-looking statements contained in this or any other document, Unisys claims the protection of the safe
harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Unisys assumes
no obligation to update or revise any forward-looking statements in light of new information or future events except as
required by law.