Unisys and Unibanco Expand Outsourcing Relationship
Unisys and Unibanco Expand Outsourcing Relationship in $47 Million Deal to Support Retail Banking IT Infrastructure Sunday, July 23, 2006 Unisys Corporation (NYSE: UIS) today announced that its Brazilian subsidiary will provide IT infrastructure outsourcing services to Brazil’s Unibanco (NYSE: UBB), one of the largest financial institutions in Latin America and the third largest private bank in Brazil. The five-year deal has a total potential value to Unisys of approximately $47 million. The Unisys services are designed to provide Unibanco with higher ATM and infrastructure availability, a more efficient IT infrastructure managed by one service provider, and lower IT costs, all in an effort to provide Unibanco with greater competitive agility.
Under the expanded relationship, which includes a number of agreements, some executed in the fourth quarter of 2005 and some in the first quarter of 2006, Unisys will provide outsourced management and support services for Unibanco’s entire retail banking technology infrastructure. This includes more than 17,390 banking automation devices and 7,576 ATMs deployed across 1,150 branches in Brazil and supporting the bank’s 19.3 million retail banking customers. This contract establishes Unisys as the bank’s single retail banking infrastructure service provider and builds on the relationship Unisys has had with Unibanco since 2003.
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