Unisys venture wins $500m contract extensions
Unisys Corp. of Blue Bell said today that a joint venture of the company was awarded contract extensions worth $500 million from three British banks.
Unisys Corp. of Blue Bell said today that a joint venture of the company was awarded contract extensions worth $500 million from three British banks.
The venture, Intelligent Processing Solutions Ltd., signed the separate five-year deals with Lloyds TSB, Barclays and HSBC. Intelligent Processing was formed in 2000 and provides check and credit clearing services and other processing functions for major banks in the United Kingdom.
Lloyds, Barclays and HSBC are partners with Unisys in the venture but signed the contracts as its customers.
Unisys, an information technology company, is the majority shareholder. -Paul Schweizer