Unisys today announced that it has reached agreement to sell its media business to UK-based software and services provider Atex Group.
Unisys said it expects the transaction to close in the first quarter of 2007, subject to meeting specified closing conditions that include compliance in Europe with local country social legislation and works council consultations. The purchase price was not disclosed.
Unisys media business provides IT software to automate news production, wire service management and digital asset management. Its offerings are used by publishing organisations around the world, including more than 225 newspapers in 15 countries.
Unisys media business has more than 150 employees globally.
The sale of the business is part of previously-announced plans by Unisys to divest businesses that are not central to its core strategy.
Unisys sells media business to Atex
By Robert Jaques on Nov 28, 2006 10:01AM