Atos completes acquisition of UC player Unify

Atos has completed the acquisition from Gores Group and Siemens of Unify, which it says is the “world number three” in integrated communication solutions and which generates €1.2 billion of annual revenue.

Atos says the acquisition creates a “unique integrated proposition for unified communications” improving the social collaboration, digital transformation and business performance of its clients.

The transaction has been approved by employee representatives’ bodies and has received the required approvals of the regulatory and antitrust authorities in the European Union, the US, Russia and Brazil.

Cash consideration for Atos was €366 million (adjusted from working capital) to acquire 100 percent of Unify. Net debt was €48 million at closing and the pension deficit was €176 million. This leads to an Enterprise Value of €590 million as disclosed on 3 November 2015 at the signing of the transaction.

In order to generate expected costs savings by 2017 (€130 million on an annual basis), Unify is completing its current €267 million restructuring plan. In addition, Unify is starting, as planned, its €103 million “further restructuring plan” which is “fully provisioned” at closing, said Atos. Both restructuring plans are funded by the sellers.

As of 1 February 2016, the Services activity of Unify (around €0.4 billion of annual revenue) will be integrated into the Managed Services Atos Service Line, said the outsourcer.

Last year, Unify signed an agreement with Virgin Media Business, that would see Virgin sell its OpenScape unified communications software to public sector clients, including central and local government and the health sector.

Unify OpenScape is a UC and collaboration solution which provides a suite of voice, mobility, video, web conferencing, chat, messaging and presence applications, aimed at simplifying the complexity and management of IT systems and improving business performance.

@AntonySavvas

Antony Savvas

York, UK-based Antony Savvas has been a technology journalist for 25 years and has expertise in all major areas of enterprise and consumer IT. He has worked for a number of leading technology magazines and websites and his work is syndicated across the internet. He also undertakes corporate work for some of the world's leading technology companies.

Recent Posts

Flashpoint enters new chapter with global partner programme

Security vendor Flashpoint debuts partner programme following $28m funding

7 years ago

Channel partner “disconnect” hindering growth

Complex buying journeys and sprawling partner networks hampering customer experience, says Accenture

7 years ago

Cyxtera launches global channel partner programme

Datacentre provider Cyxtera says launch is “milestone in our go-to-market strategy”

7 years ago

US IT provider brings mainframe services to UK

Ensono highlights importance of mainframes still to major industries

7 years ago

VASCO and Nuvias expand distribution across EMEA

Security vendor VASCO looks to replicate UK and German set up across EMEA

7 years ago

Splunk says channel investments driving growth

Splunk details investment in Partner+ programme at .conf2017

7 years ago