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Atex Agrees to Buy Unisys Media

Tuesday, November 28, 2006

Press release from the issuing company

Reading, UK – Monday, 27th November: Atex Group Limited (Atex) a leading provider of software solutions and services to the global media industry backed by the Norwegian investment company Kistefos AS, has today agreed to acquire the business assets of Unisys Media, a part of Unisys Corporation (NYSE: UIS). Unisys Media provides large-scale news production, wire service management and digital asset management solutions to leading publishing organizations around the world. Its installed base includes more than 225 newspapers in 15 countries. John Hawkins, Atex Group CEO, said, “Atex is delighted to have reached agreement with Unisys on this strategic acquisition. It will strengthen our market penetration, especially in those parts of the world where, to date, we have not been as strong as we would have wished. Both companies share almost identical product road maps and this deal will enable us to accelerate development of solutions for the benefit of all our publisher partners. “We will confidently offer ten-year support contracts, including upgrades for current products, guaranteeing long-term value of all clients’ software investments. “We did not take this decision lightly,” stated Glenn James, president, Unisys Global Communications & Media. “We wanted to make sure that Unisys Media will be going to a safe pair of hands, and it is. Atex has a more than thirty-year history in providing publishers with robust, mission-critical content management, advertising, circulation and business systems. The synergy between the organizations, SOA technologies, skills, and shared vision of the people, will make this agreement beneficial for all concerned. It also provides our clients with the security of knowing that they will be in partnership with the world’s largest publishing software solutions provider. “Under John Hawkins’ leadership, the enlarged Atex will be able to bring to market even more quickly the technologies and services the industry needs in order to meet its many challenges,” added Mr. James. Atex has raised in excess of $50 million US dollars to fund the Unisys Media acquisition, providing adequate working capital to fund the enlarged group and ensuring the effective integration of the two businesses. Going forward, Atex will be looking at further acquisitions that fit its strategy, namely, to be the No. 1 global vendor to the Media Industry. Together with all of the Unisys Media employees set to transfer to Atex, the company will employ nearly 500 people, creating the largest digital content management and multi-media software delivery capability in the world, generating global revenues in excess of $90 million US dollars. Unisys had previously announced plans to divest businesses not central to its core strategy. “As publishing organizations continue to consolidate, Atex has the strength and desire to continue to consolidate the vendor community,” John Hawkins concluded. “Publishing groups worldwide need, more than ever, the benefit of an innovative, truly global and strong cross-media technology partner. Atex is that partner.”

 

 

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