BankWest has sold its 49 per cent interest in the IT joint venture company Unisys West to Unisys Australia for an undisclosed sum.
In a statement today, Unisys Corp said the WA division will continue to provide services to BankWest, which last year transferred some IT services that had been outsourced to the joint venture back in-house.
Unisys Corp said the transaction will not impact customer arrangements.
Unisys West will be owned by Unisys Australia Pty Ltd, which is a wholly owned subsidiary of New York-listed Unisys Corp.
The announcement is pasted below:
Unisys Corporation (NYSE: UIS) announced today that its wholly owned subsidiary, Unisys Australia Pty Ltd., has purchased from HBOS Australia subsidiary BankWest a 49% ownership interest in the joint venture Unisys West.
The value of the transaction was not disclosed.
Unisys West will now be a wholly owned subsidiary of Unisys Australia. Customer arrangements will not be impacted by the ownership change. Unisys West will market its products and services under the Unisys brand.
Unisys West was created in 2002 to offer IT services and solutions in Western Australia, including to BankWest.
Unisys will continue to provide a number of other services and solutions to BankWest including hardware maintenance services, application software and maintenance support, and business process outsourcing for cheque processing. In 2007, BankWest transitioned some IT services that had been outsourced to the joint venture back in-house.
"Unisys will continue to operate and serve clients in Western Australia in the same manner as it does in other states, leveraging Unisys high quality delivery services using resources from within the state, Australia and internationally. This includes our work for the Western Australian Department of Child Protection, the Australian Department of Defence and Australia Post," said Tony Henshaw, Vice President Outsourcing and Infrastructure Services, Unisys, Asia Pacific.
