RTTNews | Dec 14, 2021 09:24AM EST

09:24 Tuesday, December 14, 2021 (RTTNews.com) - Unisys Corp. (UIS) said it has acquired leading cloud solutions provider CompuGain for $87.3 million on a cash-free, debt-free basis.

CompuGain generated $58 million of revenue for the 12-month period ending September 30, 2021, up 12% year over year, with more than 90% of its revenue from client relationships with an average tenure of greater than nine years. Unisys expects the transaction to be immediately accretive to adjusted EBITDA and free cash flow (FCF).

Read the original article on RTTNews ( https://www.rttnews.com/3249180/unisys-acquires-cloud-solutions-provider-compugain-for-87-3-mln.aspx)

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