Unisys to Provide Secure Cloud Access for U.S. Treasury Department's Office of the Comptroller of the Currency
RESTON, Va., March 28, 2019 – Unisys Corporation (NYSE: UIS) today announced it has been selected by the Office of the Comptroller of the Currency (OCC), an independent bureau within the U.S. Department of the Treasury, to provide secure cloud services for the bureau's employees.
Under a new blanket purchasing agreement (BPA) valued at up to $69 million and awarded in the fourth quarter of 2018, Unisys will implement and validate identity and access management and cloud access broker services so the OCC can securely operate four of its critical applications in the cloud. The new agreement includes one base year followed by four one-year option periods, and builds upon separate work Unisys has performed to move all OCC employees to cloud-based email services.
The OCC's mission is to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly and comply with applicable laws and regulations. The bureau's award to Unisys represents an important step in its overall objective to move to the cloud while consolidating and enhancing security for cloud-based applications through strengthened identity and access management services.
An initial task order awarded under the BPA will provide a foundation for the bureau's cloud migration by centralizing identify management and authentication for OCC and enhancing its overall security posture.
"We are pleased to continue our work in support of OCC as it transitions to enterprise-wide, cloud-based services, enhancing security as well as providing a foundation to deliver the flexibility and cost savings of the cloud," said Melissa Carson, group vice president for civilian agencies at Unisys Federal. "Through this project, we will help OCC consolidate disparate systems and applications, facilitating the management of the bureau's operations while cutting costs to taxpayers."
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Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Risks include without limitation the possibility that no additional task orders will be issued to the Company under the vehicle and that option periods, which are at the government's sole discretion, may not be exercised. Agreements with government agencies are terminable before the end of their terms and are subject to the availability of appropriated funds. Additional discussion of factors that could affect Unisys future results is contained in our periodic filings with the Securities and Exchange Commission.
Unisys is a global information technology company that builds high-performance, security-centric solutions for the most demanding businesses and governments on Earth. Unisys offerings include security software and services; digital transformation and workplace services; industry applications and services; and innovative software operating environments for high-intensity enterprise computing. For more information on how Unisys builds better outcomes securely for its clients across the Government, Financial Services and Commercial markets, visit www.unisys.com.
RELEASE NO.: 0328/9656
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Hannah Ruark, Bospar for Unisys, 540-599-7887