Unisys

Since becoming CEO in 2015, Altabef has moved Unisys away from commoditized hardware and low-margin IT outsourcing toward software-centric services and solutions. The company emphasizes its ClearPath Forward and Stealth platforms, positioning them as high-value alternatives to rip-and-replace modernization. This shift is reflected in the gross margin improvement reported through 2024, as the firm focuses on managed services, cybersecurity, and digital workplace solutions.

Stealth is Unisys's identity-based micro-segmentation software designed to isolate critical systems and data from unauthorized access. It creates encrypted, identity-driven segments within an enterprise network, even in cloud environments, making critical assets invisible to potential attackers. The technology has been deployed by the U.S. Departments of Defense and Justice, where air-gap-level security is a baseline requirement.

Unisys concentrates on government agencies, particularly U.S. federal civilian and defense departments, and the financial services sector. The government practice relies on decades-long integration relationships and cleared personnel, while the financial services work spans digital banking platforms and secure payment processing, areas where Stealth's micro-segmentation has direct application against payment system intrusions.

Unisys is a publicly traded operating company, not an investment firm. Capital allocation decisions — including M&A, R&D investment, and share repurchases — are made by Peter Altabef as CEO, alongside the board of directors and the CFO. No separate investment committee or family-office structure governs the firm's corporate development activity.

The company maintains its headquarters in Blue Bell, Pennsylvania, with major offices in Reston, Virginia, and London. Delivery and support centers operate across India, Latin America, and additional European and Asia-Pacific locations, supporting both commercial accounts and geographically distributed government contracts.

Unisys is a traditional publicly traded corporation listed on the New York Stock Exchange, not a family office or family-backed entity. It is a direct descendant of the 1986 merger between Burroughs and Sperry corporations, both of which were widely held public companies, with no single family or individual holding a controlling interest today.

A significant portion of Unisys's federal revenue comes through long-term contracts won via the General Services Administration schedule and other government-wide acquisition vehicles. The firm's ability to maintain these relationships is tied to its history as a trusted systems integrator, its cleared workforce, and specific certifications such as FedRAMP authorization for cloud services, making the government segment a high-barrier-to-entry sourcing engine that competitors cannot easily replicate.