Global IT solutions company Unisys Corp. has inked an agreement to acquire Unify Square, an 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 will enable Unisys to leverage Unify Square’s Unified Communications-as-a-Service offerings to help advance its experience-focused digital workplace services solution set.
The Unify Square acquisition will bolster Unisys’ digital workplace services business to drive revenue growth and enhanced 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,” he added. “Unify Square’s capabilities will enable Unisys to deliver higher-value solutions to its clients that enhance their productivity and employee satisfaction.”
Unify Square CEO John Case said the two companies share a vision for how businesses can easier adapt to the new reality of a hybrid workforce.
“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,” he added. “Together with Unisys, we will have a unique opportunity to help more enterprises thrive in this new digital workplace environment.”