Unisys to Buy PulsePoint for $100 Million in Stock

Unisys Corp., which competes with IBM and others to run corporate computer systems, agreed to buy PulsePoint Communications for about $100 million in stock as Blue Bell, Pa.-based Unisys reshapes itself into an information services company. PulsePoint shareholders would get 0.176 share of Unisys common stock for each share held. The $6.60-a-share offer is a 20% premium to PulsePoint’s closing price Monday. Carpinteria-based PulsePoint, which had 1998 revenue of $25.4 million, develops software that enables users to access voice, fax and e-mail messages by PC or telephone. It employs more than 150 people. The transaction, subject to shareholder and regulatory approval, is expected to close in the third quarter. Shares of PulsePoint rose 41 cents to close at $5.91 on Nasdaq. Unisys closed up 25 cents at $37.69 on the New York Stock Exchange.