Leading information technology company, Unisys Corporation (UIS - Free Report) , was recently selected by TravelSky, an information technology solution provider for China's air travel services, to provide cargo services to all the airlines of the country. The services will be operated and provided as software-as-a-service (SaaS) to Chinese airlines by InfoSky, a division of TravelSky.
Air China will be the first Chinese carrier to switch to the Unisys cargo system. China’s domestic air cargo market is the second largest in the world with the Asia-Pacific region being the largest airfreight market worldwide. With this contract, Unisys will be licensing its Logistics Management System (LMS), In-transit Service Manager (ISM) and Cargo Portal Services (CPS) to Travel Sky. Air China expects to transition from its current cargo enterprise system to the hosted LMS within the next six months.
With its in-depth technological expertise, Unisys is well poised to provide advanced, mission-critical IT solutions to the aviation industry. Unisys already has a business relationship with Travel Sky and this contract further strengthens its relationship with the latter. The Unisys Cargo Portal (CPS) and InfoSky portals will interconnect so that users can seamlessly work with ease. Unisys’ cloud-based cargo solutions are used by leading cargo carriers globally who collaborate via the Unisys Cargo User Group (UCUG) .There is a robust demand for advanced cargo services in China and this contract would further enable Unisys to capitalize on the market potential.
Based in Blue Bell, Pa., Unisys specializes in helping clients to secure their operations, increase efficiency and utilize their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. The primary market that Unisys serves worldwide includes financial services, communication and transportation, commercial and public sector, including the U.S. federal government.
Unisys currently has a Zacks Rank #2 (Buy).) Other stocks that look promising and are worth a look are PDF Solutions Inc. (PDFS - Free Report) , Syntel Inc. (SYNT - Free Report) , and Forrester Research Inc. (FORR - Free Report) , each carrying a Zacks Rank #2 (Buy).