Unisys Stock Price, News & Analysis

Unisys Corporation (NYSE: UIS) has received research funding from the Artificial Intelligence (AI) for Decision Making Initiative to explore AI and Machine Learning (ML) applications for identifying deceitful writing. This initiative is a collaboration with Australia's Office of National Intelligence and Department of Defence, focusing on enhancing AI capabilities relevant to national security. Unisys aims to develop solutions that could potentially assist in forensic analysis and cybersecurity, with expected results to be presented in early 2021.

Unisys Corporation (NYSE: UIS) announced a $280 million agreement with MassMutual to purchase a group annuity contract. This will transfer pension obligations related to certain retirees, resulting in a one-time, non-cash pre-tax settlement charge of approximately $150 million. This action follows a $276 million lump-sum cash-out offer to former U.S. associates. The company aims to reduce global pension liabilities by $1 billion by Q1 2021, affecting about 11,600 retirees with unchanged monthly benefits.

Unisys Corporation (NYSE: UIS) has been recognized by Information Services Group (ISG) as a leader in public-cloud solutions and services across the U.S., UK, and Brazil. In the latest ISG Provider Lens report, Unisys was highlighted for its CloudForte® managed-service offering, which emphasizes secure digital transformation through automation and AI. The report identifies Unisys as a leader in Managed Public Cloud Services and Consulting Services for Mid-market in the U.S. Additionally, Unisys has secured positions as a Product Challenger in various categories, illustrating a strong market presence.

Unisys Corporation (NYSE: UIS) announced the completion of a lump-sum cash-out offer for eligible former associates with deferred vested benefits in U.S. pension plans. Earlier in 2020, Unisys contributed approximately $800 million to its pension plans, aiming to reduce future required contributions. The current initiative is part of a broader strategy to lower global pension liabilities by $1 billion by Q1 2021, with about 3,500 former associates accepting the offer. This will lead to a one-time, non-cash pre-tax settlement charge of $150 million, with no impact on cash position.

Unisys Corporation (NYSE: UIS) announced the launch of Stealth(identity), an advanced biometric identity management software. This scalable solution offers flexible biometric authentication and security for enterprises on-premises or in the cloud. Enhanced features include seamless positive authentication, integration with Network Access Control, and a customizable user experience. The importance of verified identities is underscored due to increasing identity fraud losses, which reached $16.9 billion in 2019. Stealth(identity) aims to provide secure identity verification as businesses adapt to new operational challenges.

Unisys Corporation (NYSE: UIS) has been recognized as a Leader in the NelsonHall vendor evaluation for Cloud Infrastructure Brokerage, Orchestration & Management. This evaluation highlights Unisys's strong capabilities in delivering both immediate client benefits and addressing future needs. The report cites Unisys's automated hybrid cloud security, AI-Ops for cost optimization, and Cloud Experience Centers as key strengths. Unisys's reputation in cloud services has significantly grown, confirming its position as a provider of end-to-end hybrid cloud solutions.

SAS Cargo Group A/S has extended its partnership with Unisys Corporation (NYSE: UIS) to enhance air freight booking services via the Cargo Portal platform. This collaboration aims to simplify online bookings, provide real-time visibility, and expand SAS Cargo's market reach. The integration is expected to support a surge in self-service bookings, addressing customer needs efficiently. Unisys, a long-time supporter of SAS Cargo, emphasizes the opportunity to unlock new revenue streams and improve user experience through this partnership.

On December 3, 2020, Unisys Corporation (NYSE: UIS) announced its membership in The Valuable 500, a global network advocating for disability inclusion in business. CEO Peter A. Altabef emphasized the importance of diversity and integrating people with disabilities into their workforce, stating it aligns with their corporate social responsibility goals. Unisys has established the Ability Innovation Group to enhance workplace culture and has been recognized by the Disability Equality Index as one of the 2020 Best Places to Work for Disability Inclusion.

Unisys Corporation (NYSE: UIS) has been selected by West Bromwich Building Society to implement its Elevate™ omnichannel banking platform. This partnership aims to enhance the digital experience for West Brom members, allowing access to new services such as a mobile app and secure self-service options. The contract includes improved security features and operational tools for efficient product management. Elevate's open API architecture supports innovative service delivery, responding to a growing preference for digital banking, especially among older customers.