Cyber Security

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Unisys will act as a “cloud broker” through the course of the contract, which will run for 5.5 years with three 12-month option periods following.

Unisys (NYSE:UIS) announced on Tuesday (August 28) that it has signed a contract worth up to US$219 million with Georgia Technology Authority (GTA) that allows state agencies to provide citizen services at low cost.

The company said that its hybrid cloud solution chosen by GTA will be adopted by government agencies in Georgia that will allow the state to deliver on its digital government vision.

According to the company, the solution empowers the state to safeguard all citizen information while streamlining business transactions with the state.

The company noted that the solution, which is guarded by Unisys Stealth, will allow for new services in the future, meaning that GTA would not be locked into older technology.

Further, Unisys will act as a “cloud broker” through the course of the contract, which will run for 5.5 years with three 12-month option periods following.

The company said that it will enable access to popular cloud services from Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) as it helps the state in its transition to a modern environment.

“In our role as a broker and transformation partner to the state, Unisys will work with Georgia’s IT leaders to execute their digital government vision,” Michael Morrison, VP of Unisys, said in a release.

Meanwhile, Dean Johnson, COO of GTA revealed in a press release that Unisys would begin its GTA services in January 2019.

While the state will have the opportunity to acquire additional services from the company, Unisys at this point is responsible for the state’s data storage environment apart from troubleshooting and asset management services.

Tuesday’s announcement from Unisys follows the news from Monday (August 27) when the company announced that it was partnering with Invictus Games Sydney 2018 as a technology and cybersecurity supporter.

On Monday, the company said that it will build technology infrastructure at the game’s venue while providing information security using Unisys Stealth software services.

Following the announcement, Unisys jumped 5.35 percent to close the trading session on Tuesday at US$16.75. The stock has a “Buy” ranking on TradingView with 16 verticals in favor, eight neutral and two against.

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Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

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