Unisys Corporation (NYSE:UIS) has announced that it has won a contract to provide cloud services to the Office of the Comptroller of the Currency.

Unisys was chosen by the OCC to move the email communications of all its employees onto a cloud-based platform. The upgrade is expected to boost cost efficiency for the OCC. It will also be a good opportunity for Unisys to offer its cloud services on a wide enterprise scale. The firm will also seek to offer flexibility and numerous other capabilities. The firm reported that it agreed to the five-year contract valued at roughly $11.2 million.

According to the terms of the contract, Unisys will provide its transition planning, designing, and expertise in analysis. The company will also offer its developing services in carrying out the transition of the OCC email services to the cloud. Unisys has its operations on a global scale and it has more than 20,000 employees distributed across the world. The company relied on more than luck to score the contract. It was selected based on its track record. Unisys provided similar services to the General Services Administration in 2010. The GSA was the first Federal agency to a cloud-based email platform.

The services offered to the GSA were a success and Unisys has since then worked towards similar projects related to government agencies. It has previously worked with the Records Administration, the National Archives and the US Department of Energy. The firm focuses on offering cloud services that are cost effective and deliver efficiency to government agencies. The company also aims to maintain its leadership position in offering updated services to its clients in the public sector.

Contracts such as the one offered to Unisys by the OCC are important to the company because it allows it to boost its goodwill in the market. This, in turn, allows it to maintain a higher top-line growth than its rivals. The company was acknowledged by Amazon Web Services (AWS) from, Inc. (NASDAQ:AMZN) as one of the firms that have achieved government competency.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.