The Gores Group Completes Sale of Unify
The Gores Group announced today that it has completed the sale of Unify, the number three world leader of integrated communication solutions, to Atos SE (ENXTPA: ATO), a leading French IT Services and Consulting company.
Founded in October 2008 as Siemens Enterprise Communications and headquartered in Munich, Germany, Unify was a joint venture between The Gores Group (51%) and Siemens AG (49%). The Gores Group contributed the businesses of Enterasys Networks and SER Solutions as part of the original transaction. Unify provides end-to-end communications software and services enhancing social collaboration, digital transformation, and business performance, through vertical specialized solutions. With 5,600 employees and active in over 60 countries, Unify today generates €1.2 billion revenue.
Alec Gores, Chairman and CEO of The Gores Group, stated, “Through our partnership with Siemens AG, we embarked on a transformation plan focused on operational excellence and meeting the needs of our global customers. We invested in innovation, rebranded the company, recruited an impressive management team, and transitioned the business to a channel-driven, software-first company. I am proud of what the team achieved while facing headwinds in the telephony market."
With the acquisition of Unify, Atos intends to create a unique integrated proposition for unified communications and real-time capabilities enhancing social collaboration, digital transformation, and business performance of its clients.
About The Gores Group
The Gores Group, founded in 1987 by Alec Gores, is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. Over its 25+ year history, The Gores Group has become a leading investor having demonstrated a reliable track record of creating value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London. For more information, please visit www.gores.com .
The Gores Group
Jennifer Kwon Chou, (310) 209-3010
Sitrick And Company
Terry Fahn, (310) 788-2850
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