Marlin Equity Buys Certain Unisys Assets

(Reuters) – Marlin Equity Partners said it acquired certain segments of information technology company Unisys Corp (UIS.N) and subsequently formed a new company, Burroughs Payment Systems Inc.

Shares of Blue Bell, Pennsylvania-based Unisys, which rose as much as 12 percent to $35.08 Thursday morning on the New York Stock Exchange, were trading up 11 percent at $34.72.

The Los Angeles, California-based private investment firm said in a statement it bought the payment hardware, payment supplies, U.S.-based payment maintenance, and the associated research and development, and sales organization from Unisys.

Terms of the transaction were not disclosed.

Last month, multi-state managed-care organization Molina Healthcare Inc (MOH.N) said it agreed to buy the health information management business of Unisys for about $135 million in cash.

(Reporting by Brenton Cordeiro in Bangalore; Editing by Unnikrishnan Nair)