Unisys Corporation announced that it has signed a definitive agreement with ePresence, Inc. to acquire the assets of ePresence's security and identity management services business for approximately $11.5 million in cash. The agreement excludes ePresence's cash and its ownership in Switchboard Incorporated, a provider of online advertising solutions and Internet-based yellow pages.

ePresence consultants design and implement enterprise directory and security solutions that enable identity management within and across organizations. ePresence also brings Unisys a range of new security clients in both the private and public sectors.

Identity management is one of the top security challenges facing business and government. It involves providing clients, employees and partners with secure, consistent access to business resources, including networks, business applications and organizational information, through management of digital identities, such as passwords, digital certificates and biometric identifiers. As a business strategy, identity management can create competitive advantage by fostering an environment where e-business transactions can be conducted with the highest security.

Unisys has proven capabilities in integrating and deploying identity management solutions based on technologies from leading providers - including smart cards, biometrics, public key infrastructure and software tools for identity management, such as Microsoft Active Directory and Microsoft Identity Integration Server (IIS).

The additional highly skilled staff and new-generation security and identity management solutions from the ePresence acquisition will extend Unisys position and enhance Unisys Zero-Gap Security Services, an integrated portfolio of consulting, architecture and planning, design, implementation and management services and solutions that enable clients to address security requirements at all levels of their business.

The acquisition is expected to close in the fourth quarter of 2003. The transaction is subject to approval by ePresence shareholders, as well as customary closing conditions.

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