ADMET

Complete News World in United States

Unisys to acquire Seattle-area startup Unify Square for $152.5M

Unify Sq. CEO John Case. (Unify Sq. Photograph)

Publicly traded IT providers firm Unisys announced that it’s going to purchase Bellevue, Wash.-based startup Unify Square for $152.5 million in money.

Based in 2008, Unify Sq. helps firms handle collaboration and communication software program comparable to Microsoft Groups, Microsoft 365, and Zoom. Prospects embrace REI, Barclays, Financial institution of Eire, Unilever, and others.

Unify Sq. had raised $36 million, in line with PitchBook. Traders embrace Primepulse SE, Microsoft, Bridge Financial institution, and Stanford College.

Unify Sq. is a longtime accomplice of Microsoft, the place founder and former CEO Sonu Aggarwal as soon as labored on the product roadmap and improvement for Dwell Communications Server and Workplace Communications Server. Aggarwal transitioned to CTO and was changed in 2017 by John Case, a former company vice chairman of worldwide advertising and marketing, product administration, and enterprise groups for Workplace and Workplace 365 at Microsoft.

“Unisys and Unify Sq. maintain a shared imaginative and prescient for a way companies can extra simply adapt to the brand new actuality of a hybrid workforce,” Case stated in a press release.

Unify employs round 200 folks at workplaces in Bellevue, the U.Ok., Germany, Switzerland, India, Australia and Lithuania.

Unisys is a world IT big primarily based in Blue Bell, Pa., that posted $509.eight million in income in the latest fiscal quarter, down 1.1% year-over-year.

See also  Ultrapotent, nanoparticle COVID-19 vaccine with Univ. of Wash. roots gets $173M for human trials