American Red Cross Chooses Unisys - Analyst Blog

By Zacks Equity Research,

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Earlier this week, Unisys Corporation ( UIS ) declared the winning of an $80 million contract from the American Red Cross. The contract pertains to providing the latter with the company's IT managed services over a term spanning six years in total (including one option year).

According to the agreement, Unisys shall deploy its support solutions to Red Cross across the U.S. and Puerto Rico. Using an integrated IT services management (ITSM) platform, the company shall deploy its on-site, IT asset management and service desk support management services at Salt Lake City, Utah and Rochester, New York. This shall then effectively allow the Red Cross workers to easily communicate with each other for seeking help using channels such as telephone, internet chat, e-mail etc.

Operating from Eagan, Minnesota, Unisys shall provide its disaster recovery backup services to the Red Cross unit at Salt Lake City. These services include installing remote infrastructure management services which would pervasively integrate with all segments in order to battle IT threats.

Benefits of this venture are two-fold. While the Red Cross shall effectively ameliorate technologies for end users inexpensively, Unisys gains a new prestigious client bolstering global market share expansion for the company.

On May 22, 2012, Amdocs ( DOX ) received a contract to provide its Amdocs Resource Manager platform solution to Tata Communications. Unisys should remain wary of such advances made by peers in the industry it pertains to.

Unisys currently retains a Zacks #1 Rank, which translates into a short-term 'Strong Buy' rating. We also have a 'Neutral' recommendation on the company's stock.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Stocks: DOX , UIS

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