Unisys Acquires CompuGain, Deepens Cloud Expertise
Unisys Corporation has acquired CompuGain, a cloud solutions provider, for USD 87.3 million on a cash-free, debt-free basis. CompuGain’s cloud and hybrid cloud data management, capabilities in application modernization, and cloud-native agile application development will deepen Unisys’ cloud offerings. CompuGain is also designated as an Amazon Web Services (AWS) Advanced Consulting Partner. The company employs 400 engineers, cloud solution developers and architects. “Acquiring CompuGain will enable Unisys to enhance the delivery of rapid and agile cloud migration, application modernization and data value realization to our clients,” said Peter Altabef, Chair and CEO, Unisys, adding, “CompuGain has a strong presence in financial services, which will add to our established position in that industry. It will also create cross-selling opportunities with both Unisys clients and CompuGain clients across multiple industries.” CompuGain generated a revenue of USD 58 million for the 12-month period that ended September 30, 2021. CompuGain is growing at 12% year over year, and over 90% of its revenue is from client relationships, where an average tenure of a client is more than nine years. Information Services Group (ISG), a global technology research and advisory firm, in September 2021, in a Provider Lens report, recognized Unisys as a global leader for its cloud and infrastructure solutions. Unisys expects the transaction to be immediately accretive to adjusted EBITDA and free cash flow (FCF). “CompuGain’s innovative solutions, talent and agility, combined with Unisys’ cloud expertise and global reach, will allow us to deliver desired business outcomes at a much larger scale,” informed Debasish Hota, founder and CEO, CompuGain. CompuGain has an agile development process and customizable frameworks for both applications and Infrastructure as a Service (IaaS), which will help Unisys Deliver rapid and agile cloud migration. Unisys and CompuGain together will be able to address the need for cloud-native capabilities like micro-services and micro-application deployment. This will give clients the power to develop new software-based tools and services, which will help in automating processes and reducing operational costs. CompuGain is an AWS Advanced Consulting Partner, which means its competencies across public cloud platforms include data lakes, containers, serverless technologies, ML, DevSecOps, and application & data architecture for cloud environments.
With the acquisition of CompuGain, a designated AWS Advanced Consulting Partner, Unisys has expanded and deepened its cloud expertise.
With the acquisition of CompuGain, a designated AWS Advanced Consulting Partner, Unisys has expanded and deepened its cloud expertise.
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