Thursday, January 21, 2016

The Gores Group Sells Unify

Los Angeles-based private equity investor The Gores Group said Wednesday that it has sold Unify, the German joint venture it owned along with Siemens AG, to French IT services company Atos SE. Financial terms of the sale were not announced. Unify--formerly Siemens Enterprise Communications--had been 51 percent owned by The Gores Group, and 49 percent owned by Siemens AG, and develops communications software and services. Gores said Unify has 5,600 employees and generated 1.2 billion euros in revenue.

---