Security consulting company, Unisys, will purchase the identity management business of Massachusetts company ePresence Inc. for $US11.5 million in cash.
The purchase will transfer ePresence's identity management services business, including employees and customers, to Unisys and will bolster Unisys' position as an identity management consulting company.
The sale will also mean the end for ePresence.
The company's Board of Directors had announced a plan to liquidate the company's remaining assets in the wake of the sale, ePresence said.
The company provides consulting and systems integration services to companies, with a specialty in enterprise directory technologies such as Microsoft's Active Directory and Lightweight Directory Access Protocol (LDAP), user single sign-on technology and user provisioning.
The company partners with larger industry players such as Microsoft and Sun, designing services and tools that allow customers to take advantage of identity management technology such as Microsoft's Identity Integration Server 2003 and Sun's Open Net Environment (ONE) Directory Server.
Unisys will absorb ePresence's technical staff as well as its clients. However, ePresence's assets, including cash and a majority share of Switchboard which provides Internet-based yellow pages, were not part of the deal, the companies said.
Unisys said it would use the ePresence purchase to become a "market leader" in the identity management consulting business, rolling the ePresence identity management consulting business into its Zero-Gap Security Services offerings.
In a related announcement, ePresence said that its board of directors unanimously agreed to sell the company's remaining assets, including more than 9.8 million shares of Switchboard, following the sale of the company's services business to Unisys.
The transaction was expected to close in the fourth quarter of 2003 and still must be approved by ePresence shareholders, Unisys said.