Unisys Corporation (NYSE: UIS), headquartered in Blue Bell, Pennsylvania, United States, and incorporated in Delaware, is a global provider of information technology services and programs.
Unisys has a deep heritage in the technology industry. The company traces its roots back to the founding of American Arithmometer Company (later Burroughs Corporation) in 1886 and the Sperry Gyroscope Company in 1910. Unisys predecessor companies also include the Eckert–Mauchly Computer Corporation, which invented the world's first large-scale digital computer, the ENIAC, at the University of Pennsylvania.
In September 1986 Unisys was formed through the merger of the mainframe corporations Sperry and Burroughs, with Burroughs buying Sperry for $4.8 billion. The name was chosen in an internal competition when an intern, Charles Ayoub, came up with the UNISYS acronym from United Information Systems. The merger was the largest in the computer industry at the time and made Unisys the second largest computer company with annual revenue of $10.5 billion.[6] At the time of the merger, Unisys had approximately 120,000 employees.
In addition to hardware, both Burroughs and Sperry had a history of working on U.S. government contracts. Unisys continues to provide hardware, software, and services to various government agencies.[citation needed]
Soon after the merger, the market for proprietary mainframe-class systems—the mainstream product of Unisys and its competitors such as IBM—began a long-term decline that continues, at a lesser rate, today. In response, Unisys made the strategic decision to shift into high end servers (e.g., 32 processor Windows Servers), as well as information technology (IT) services such as systems integration, outsourcing, and related technical services, while holding onto the profitable revenue stream from maintaining its installed base of proprietary mainframe hardware and applications.
Important events in the company's history include the development of the 2200 series in 1986, including the UNISYS 2200/500 CMOS mainframe, and the Micro A in 1989, the first desktop mainframe, the UNISYS ES7000 servers in 2000, and the Unisys blueprinting method of visualizing business rules and workflow in 2004.
In 1988 the company acquired Convergent Technologies, makers of CTOS.
On October 7, 2008, J. Edward Coleman replaced J. McGrath as CEO and Chairman.
On November 11, 2008, the company was removed from the Standard & Poor's 500 index as the market capitalization of the company had fallen below the S&P 500 minimum of $4 billion.
Unisys Corporation is a major provider of computer-related services and technologies to customers in the financial services, communications, transportation, publishing, commercial, and government sectors, in more than 100 countries. The company offers an integrated suite of products and services known as Unisys e-@ction Solutions designed to help its customers meet the challenges and seize upon the opportunities of the Internet economy. Unisys provides consulting, systems integration, and outsourcing services; designs, implements, and maintains computer networks and multivendor information systems; and manufactures high-end, mission-critical servers for such organizations as the NASDAQ and the New York Clearinghouse.
Information systems of the world, unite! Unisys is among the top global players in the IT consulting business. Its operations are split into two main segments: Services and Technology. The company's Services unit handles outsourcing, systems integration and consulting, infrastructure services, and core maintenance. Its Technology division develops enterprise-class servers and related operating systems and middleware. Unisys is among the largest government IT contractors, serving local, state, and federal agencies, as well as foreign governments. Other key sectors include communications, financial services, and transportation. Customers have included Air Canada, BT, and the US Department of Agriculture.
Unisys Corporation (Unisys) is a worldwide information technology (IT) company. The Company provides a portfolio of IT services, software and technology. It specializes in helping clients secure their operations, increase the efficiency and utilization of their data centers, improve support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, the Company brings together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services and high-end server technology. Unisys serves commercial organizations and government agencies worldwide. The Company operates in two segments: Services and Technology. In February 2010, the Company sold its check and cash automation equipment and related United States maintenance, printer and direct supply business to Burroughs Payment Systems, Inc., a company formed by Marlin Equity Partners. In April 2010, Molina Healthcare, Inc. acquired the Health Information Management (HIM) business of the Company. In September 2010, the Company sold Unisys Insurance Services Limited to Diligenta Limited, a subsidiary of Tata Consultancy Services Limited.
Services
In the Services segment, Unisys provides services to help its clients improve their competitiveness, security and cost efficiency. Its services include outsourcing, systems integration and consulting, infrastructure services and core maintenance. In outsourcing, the Company manages customer’s data centers, computer servers and end-user computing environments, as well as specific business processes, such as check processing, mortgage administration, citizen registry and cargo management. In systems integration and consulting, Unisys consults with clients to assess the security and cost effectiveness of their IT systems and help them design, integrate and modernize their mission-critical applications. In infrastructure services, it provides design, warranty and support services for its customer’s IT infrastructure, including their networks, desktops, servers, and mobile and wireless systems. In core maintenance, the Company provides maintenance of Unisys systems and products.
Technology
In the Technology segment, Unisys designs and develops servers and related products to help clients reduce costs and improve the efficiency of their data center environments. Unisys offers experience and technological capabilities in transaction-intensive, mission-critical environments. The Company provides a range of data center, infrastructure management and cloud computing offerings to help clients virtualize and automate their data-center environments. Product offerings include enterprise-class servers, such as the ClearPath family of servers and the ES7000 family of Intel-based servers, as well as operating system software and middleware. Unisys is focusing its resources and investments in four targeted market areas: security; data center transformation, including the Company’s server business; end user outsourcing, and applications modernization. The primary vertical markets Unisys serves worldwide include the public sector (including the United States federal government), financial services and other commercial markets, including communications and transportation.
Financial Highlights
Fiscal Year End: December
Revenue (2010): 4019.60 M
Revenue Growth (1 yr): (-12.60%)
Employees (2010): 22,900
Employee Growth (1 yr): (-10.50%)
Statistics:
Public Company
Incorporated: 1886 as American Arithmometer Company
Employees: 35,800
Sales: $7.54 billion (1999)
Stock Exchanges: New York Amsterdam Brussels London Switzerland
Ticker Symbol: UIS
NAIC: 334111 Electronic Computer Manufacturing; 334112 Computer Storage Device Manufacturing; 334113 Computer Terminal Manufacturing; 334119 Other Computer Peripheral Equipment Manufacturing; 511210 Software Publishers; 541512 Computer Systems Design Services; 541519 Other Computer Related Services
Key Dates:
1873: E. Remington & Sons, forerunner of Remington Typewriter Co., introduces the first commercially successful typewriter.
1885: William Seward Burroughs invents the first recording adding machine, the arithmometer.
1886: Burroughs and partners found the American Arithmometer Company.
1905: American Arithmometer is renamed the Burroughs Adding Machine Company.
1910: Sperry Gyroscope Co. is formed as a maker of aircraft instruments.
1925: Remington introduces the first electric typewriter in the United States.
1927: Remington merges with Rand Kardex to form Remington Rand.
1933: Sperry Corporation is formed.
1946: J. Presper Eckert and John W. Mauchly invent ENIAC, the first electronic computer.
1949: Remington Rand introduces the world's first business computer, the 409.
1950: Eckert and Mauchly found Eckert-Mauchly Corporation, which is acquired later in the year by Remington Rand.
1953: Burroughs Adding Machine is renamed Burroughs Corporation.
1955: Sperry merges with Remington Rand to form Sperry Rand.
1956: Burroughs introduces its first commercial electronic computer and acquires high-speed computer maker ElectroData.
1961: Burroughs introduces the B5000 computer.
1986: Burroughs and Sperry merge to form Unisys Corporation.
1987: Unisys acquires Convergent Technologies, maker of office workstations.
1991: Company settles its role in a Pentagon procurement scandal by pleading guilty to fraud and bribery and agreeing to pay $190 million in damages, penalties, and fines.
1992: Company forms a unit dedicated to providing information technology services.
1996: ClearPath line of computers is introduced.
1999: The Unisys e-@ction Solutions suite of integrated hardware and services is unveiled.
Key People
• Chairman and CEO: J. Edward (Ed) Coleman
• SVP and CFO: Janet Brutschea Haugen
• SVP and CIO: Suresh V. Mathews
Address:
Unisys Way
Blue Bell, Pennsylvania 19424
U.S.A.
Unisys has a deep heritage in the technology industry. The company traces its roots back to the founding of American Arithmometer Company (later Burroughs Corporation) in 1886 and the Sperry Gyroscope Company in 1910. Unisys predecessor companies also include the Eckert–Mauchly Computer Corporation, which invented the world's first large-scale digital computer, the ENIAC, at the University of Pennsylvania.
In September 1986 Unisys was formed through the merger of the mainframe corporations Sperry and Burroughs, with Burroughs buying Sperry for $4.8 billion. The name was chosen in an internal competition when an intern, Charles Ayoub, came up with the UNISYS acronym from United Information Systems. The merger was the largest in the computer industry at the time and made Unisys the second largest computer company with annual revenue of $10.5 billion.[6] At the time of the merger, Unisys had approximately 120,000 employees.
In addition to hardware, both Burroughs and Sperry had a history of working on U.S. government contracts. Unisys continues to provide hardware, software, and services to various government agencies.[citation needed]
Soon after the merger, the market for proprietary mainframe-class systems—the mainstream product of Unisys and its competitors such as IBM—began a long-term decline that continues, at a lesser rate, today. In response, Unisys made the strategic decision to shift into high end servers (e.g., 32 processor Windows Servers), as well as information technology (IT) services such as systems integration, outsourcing, and related technical services, while holding onto the profitable revenue stream from maintaining its installed base of proprietary mainframe hardware and applications.
Important events in the company's history include the development of the 2200 series in 1986, including the UNISYS 2200/500 CMOS mainframe, and the Micro A in 1989, the first desktop mainframe, the UNISYS ES7000 servers in 2000, and the Unisys blueprinting method of visualizing business rules and workflow in 2004.
In 1988 the company acquired Convergent Technologies, makers of CTOS.
On October 7, 2008, J. Edward Coleman replaced J. McGrath as CEO and Chairman.
On November 11, 2008, the company was removed from the Standard & Poor's 500 index as the market capitalization of the company had fallen below the S&P 500 minimum of $4 billion.
Unisys Corporation is a major provider of computer-related services and technologies to customers in the financial services, communications, transportation, publishing, commercial, and government sectors, in more than 100 countries. The company offers an integrated suite of products and services known as Unisys e-@ction Solutions designed to help its customers meet the challenges and seize upon the opportunities of the Internet economy. Unisys provides consulting, systems integration, and outsourcing services; designs, implements, and maintains computer networks and multivendor information systems; and manufactures high-end, mission-critical servers for such organizations as the NASDAQ and the New York Clearinghouse.
Information systems of the world, unite! Unisys is among the top global players in the IT consulting business. Its operations are split into two main segments: Services and Technology. The company's Services unit handles outsourcing, systems integration and consulting, infrastructure services, and core maintenance. Its Technology division develops enterprise-class servers and related operating systems and middleware. Unisys is among the largest government IT contractors, serving local, state, and federal agencies, as well as foreign governments. Other key sectors include communications, financial services, and transportation. Customers have included Air Canada, BT, and the US Department of Agriculture.
Unisys Corporation (Unisys) is a worldwide information technology (IT) company. The Company provides a portfolio of IT services, software and technology. It specializes in helping clients secure their operations, increase the efficiency and utilization of their data centers, improve support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, the Company brings together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services and high-end server technology. Unisys serves commercial organizations and government agencies worldwide. The Company operates in two segments: Services and Technology. In February 2010, the Company sold its check and cash automation equipment and related United States maintenance, printer and direct supply business to Burroughs Payment Systems, Inc., a company formed by Marlin Equity Partners. In April 2010, Molina Healthcare, Inc. acquired the Health Information Management (HIM) business of the Company. In September 2010, the Company sold Unisys Insurance Services Limited to Diligenta Limited, a subsidiary of Tata Consultancy Services Limited.
Services
In the Services segment, Unisys provides services to help its clients improve their competitiveness, security and cost efficiency. Its services include outsourcing, systems integration and consulting, infrastructure services and core maintenance. In outsourcing, the Company manages customer’s data centers, computer servers and end-user computing environments, as well as specific business processes, such as check processing, mortgage administration, citizen registry and cargo management. In systems integration and consulting, Unisys consults with clients to assess the security and cost effectiveness of their IT systems and help them design, integrate and modernize their mission-critical applications. In infrastructure services, it provides design, warranty and support services for its customer’s IT infrastructure, including their networks, desktops, servers, and mobile and wireless systems. In core maintenance, the Company provides maintenance of Unisys systems and products.
Technology
In the Technology segment, Unisys designs and develops servers and related products to help clients reduce costs and improve the efficiency of their data center environments. Unisys offers experience and technological capabilities in transaction-intensive, mission-critical environments. The Company provides a range of data center, infrastructure management and cloud computing offerings to help clients virtualize and automate their data-center environments. Product offerings include enterprise-class servers, such as the ClearPath family of servers and the ES7000 family of Intel-based servers, as well as operating system software and middleware. Unisys is focusing its resources and investments in four targeted market areas: security; data center transformation, including the Company’s server business; end user outsourcing, and applications modernization. The primary vertical markets Unisys serves worldwide include the public sector (including the United States federal government), financial services and other commercial markets, including communications and transportation.
Financial Highlights
Fiscal Year End: December
Revenue (2010): 4019.60 M
Revenue Growth (1 yr): (-12.60%)
Employees (2010): 22,900
Employee Growth (1 yr): (-10.50%)
Statistics:
Public Company
Incorporated: 1886 as American Arithmometer Company
Employees: 35,800
Sales: $7.54 billion (1999)
Stock Exchanges: New York Amsterdam Brussels London Switzerland
Ticker Symbol: UIS
NAIC: 334111 Electronic Computer Manufacturing; 334112 Computer Storage Device Manufacturing; 334113 Computer Terminal Manufacturing; 334119 Other Computer Peripheral Equipment Manufacturing; 511210 Software Publishers; 541512 Computer Systems Design Services; 541519 Other Computer Related Services
Key Dates:
1873: E. Remington & Sons, forerunner of Remington Typewriter Co., introduces the first commercially successful typewriter.
1885: William Seward Burroughs invents the first recording adding machine, the arithmometer.
1886: Burroughs and partners found the American Arithmometer Company.
1905: American Arithmometer is renamed the Burroughs Adding Machine Company.
1910: Sperry Gyroscope Co. is formed as a maker of aircraft instruments.
1925: Remington introduces the first electric typewriter in the United States.
1927: Remington merges with Rand Kardex to form Remington Rand.
1933: Sperry Corporation is formed.
1946: J. Presper Eckert and John W. Mauchly invent ENIAC, the first electronic computer.
1949: Remington Rand introduces the world's first business computer, the 409.
1950: Eckert and Mauchly found Eckert-Mauchly Corporation, which is acquired later in the year by Remington Rand.
1953: Burroughs Adding Machine is renamed Burroughs Corporation.
1955: Sperry merges with Remington Rand to form Sperry Rand.
1956: Burroughs introduces its first commercial electronic computer and acquires high-speed computer maker ElectroData.
1961: Burroughs introduces the B5000 computer.
1986: Burroughs and Sperry merge to form Unisys Corporation.
1987: Unisys acquires Convergent Technologies, maker of office workstations.
1991: Company settles its role in a Pentagon procurement scandal by pleading guilty to fraud and bribery and agreeing to pay $190 million in damages, penalties, and fines.
1992: Company forms a unit dedicated to providing information technology services.
1996: ClearPath line of computers is introduced.
1999: The Unisys e-@ction Solutions suite of integrated hardware and services is unveiled.
Key People
• Chairman and CEO: J. Edward (Ed) Coleman
• SVP and CFO: Janet Brutschea Haugen
• SVP and CIO: Suresh V. Mathews
Address:
Unisys Way
Blue Bell, Pennsylvania 19424
U.S.A.