UNICOM Global acquires iET Solutions from Platinum Equity

Acquisition includes U.S., German and U.K. entities

Mission Hills, CA, September 30, 2011 - UNICOM® Global, a worldwide leader in IBM mainframe, IBM i, Unix and Open Systems management solutions today announced that it has acquired the Boston-based international software company, iET Solutions, LLC from Platinum Equity, LLC. The acquisition underlines UNICOM's commitment to the IT Service Management (ITSM) and Software Asset Management market space for midsize and large enterprises, enabling the Company to offer innovative, state-of-the-art technology and services which complement its existing ITPOWERPAC® solutions which maximizes the potential of the Open Systems and Enterprise platform for its customers.

"iET's ITSM solutions are the best-of-breed in part because of their certification by the U.K. OGC, the founder of ITIL, as well as their smartphone capabilities," said Corry Hong, UNICOM's Founder, President and CEO. "This is a strategic move for UNICOM, and good news for our existing Eden ITPOWERPAC®  customers, and the ITSM community, as UNICOM is expanding its depth of offerings with highly configurable SaaS and On-Premise ITSM solutions and adding an experienced ITIL Professional Services team to customers worldwide."

The acquisition enables UNICOM to integrate technology from iET's ITSM software suite into its current Eden ITPOWERPAC® software suite resulting in new state-of-the-art interfaces for current UNICOM customers. iET Solutions also brings an impressive team of people who provide comprehensive ITSM consulting services to customers around the world, and UNICOM plans to extend these services offerings further.

"The merger of UNICOM with iET provides significant software domain expertise to iET," said Walter Elliot, President and CEO, iET Solutions. "UNICOM has significant resources and assets to support iET's growth strategies and opportunities. The worldwide development team resource, potential acquisition of new products, technologies, and companies all will support our future growth and provide additional value to our customers and partners."

"UNICOM's impressive thirty years of history of providing IBM systems software solutions to Fortune 500 customers and their unyielding commitment to technology and integration is what made them the right candidate for Platinum Equity," said Aaron Mazzolini, Vice President, M&A, Platinum Equity. "We are impressed with UNICOM's leadership, ability to master plan, consummate a deal without delay, and integrate a global organization."


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Mr. Russ Guzzo

About iET Solutions

iET Solutions, a division of UNICOM Global, helps large and midsize enterprises to increase the efficiency and security of their IT operations and infrastructure. Organizations around the world use software from iET Solutions for IT service management (ITSM), software asset management (SAM) and enterprise service management (ESM). The company has more than three decades of experience in service management and works with organizations across all industry sectors.

About UNICOM® Global

UNICOM Global consists of more than fifty (50) corporate entities encompassing a wide range of businesses across all geographic regions. With its corporate headquarters in Los Angeles, California, to offices in Illinois, Kentucky, Florida, Massachusetts, Maryland, Minnesota, New Hampshire, North Carolina, New Jersey, Texas and Virginia, throughout EMEA in the UK, Ireland, Germany, France, Italy, Spain, Denmark, Belgium, Switzerland and the UAE, and across Asia/Pacific with locations in Japan, China, India, Australia, Korea, Thailand, Taiwan and the Philippines.

UNICOM Global offers deep in-house resources and flexible IT solutions to our partners worldwide. UNICOM Global focuses on acquiring and integrating mature and growing mid-cap NASDAQ, London Stock Exchange AIM and German publicly-traded companies in technology, financing, IT, real estate, and business services. Please visit our websites for additional information about the services, products and solutions that UNICOM Global offers:

UNICOM Global - Assets, capital and investment management

UNICOM Systems - IBM Mainframe software products

UNICOM Government (formerly NASDAQ: GTSI) - Government IT solutions

UNICOM Engineering (formerly NASDAQ: NEI) Appliance platform

UNICOM Science and Technology Parks

UNICOM Technology Park – Innovation Labs in Virginia

UNICOM Science and Technology Park – Innovation Labs in New Jersey

UNICOM Capital - Business and Financial Services

USRobotics - Data communications products

Memeo - Enterprise-grade Secure File Sharing for the Cloud

Firetide - Wireless technology solutions for security and transportation

DETEC - Document composition products

SoftLanding Systems - IBM i software products

Macro 4 (formerly LONDON: MAO) - Document Management products

illustro - z/OS and z/VSE software products

iET Solutions - ITSM software products

Eden - Mergers & Acquisitions, Business & Financial Services, and Real Estate - Hardware, Software, Outsourcing and Professional Services

All trademarks referenced herein are trademarks of their respective companies.