A consortium led by
) has been given the responsibility to modernize the
mission-critical communications network used by European Union
member states to share customs and tax information. The estimated
€63-million framework contract was announced by Unisys' Belgian
subsidiary and Steria, a provider of IT-enabled business
The contract was awarded by European Commission's Directorate
General for Taxation and Customs (DG Taxud). DG Taxud's Common
Communication Network (CCN) supports areas of taxation between
member states, including VAT, excise duties, transit and
Under this contract, the existing legacy communications
infrastructure of DG Taxud will be replaced with a
cost-effective, flexible platform. The new network, named as
Common Communication Network 2 (CCN2), will provide
communications links between 28 European member states' customs
and tax operations and the multiple systems in operations.
With this contract, Unisys aims to help the European Commission
modernize its infrastructure, fasten the flow of communications
and reduce overall costs. This project will further strengthen
the collaboration and transparency among European member states
by facilitating critical data exchanges.
Based in Blue Bell, PA, Unisys specializes in helping clients to
secure their operations, increase efficiency and utilize their
data centers, enhance support to their end users and
constituents, and modernize their enterprise applications. The
primary markets that Unisys serves worldwide include financial
services, communication and transportation, commercial and public
sector, including the U.S. federal government.
Unisys currently has a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth a look include
EPAM Systems, Inc.
CoStar Group Inc
), each carrying a Zacks Rank #2 (Buy).
COSTAR GRP INC (CSGP): Free Stock Analysis
AMDOCS LTD (DOX): Free Stock Analysis Report
EPAM SYSTEMS (EPAM): Free Stock Analysis
To read this article on Zacks.com click here.