SAIC Completes Acquisition of Innovative SilverEdge Solutions
SAIC Acquires SilverEdge Government Solutions
Science Applications International Corp. (NASDAQ: SAIC), a key player in the mission integration realm, has made a significant move by officially securing an agreement to purchase SilverEdge Government Solutions. This acquisition, valued at $205 million in cash, strategically aligns with SAIC's commitment to enhancing its technological solutions aimed at defense and security operations.
SilverEdge: A Leader in Mission-Driven Technology
SilverEdge stands out as a provider of advanced technology solutions designed specifically for mission-driven challenges. The team at SilverEdge comprises seasoned professionals including cybersecurity experts and intelligence analysts, all dedicated to supporting national security. Their innovative approaches to software development and data analytics have positioned them as an essential asset within the intelligence community.
Innovative Products
Among its major offerings, SilverEdge’s Software-as-a-Service (SaaS) product suite, known as SOAR, presents a flexible solution for customers looking for secure and customizable options. This model allows for low-risk adoption through commercial marketplaces, significantly assisting governmental operations. Notably, SilverEdge has also introduced MynAI, a cutting-edge AI product crafted specifically for stringent and secure government environments.
Enhancing SAIC's Mission Focus
The acquisition of SilverEdge is a strategic advancement for SAIC, reinforcing its mission to deliver integrated, IP-based solutions and commercial products. By bringing SilverEdge’s expertise and innovative solutions into its portfolio, SAIC aims to provide faster and more efficient services that respond to the critical needs of national security missions.
Quotes from Leadership
Toni Townes-Whitley, CEO of SAIC, expressed enthusiasm about the merger, stating that SilverEdge's innovative culture and growth trajectory will help in delivering rapid, low-risk solutions tailored for national security objectives. “Together, we will provide integrated digital solutions aligned with our clients' core missions,” said Townes-Whitley.
Robert J. Miller III, CEO of SilverEdge, shared his excitement about the partnership, noting that their vision closely aligns with SAIC's focus on innovation and national security. He emphasized that this collaboration will further propel their efforts in delivering valuable solutions to customers.
Strategic Investment and Future Plans
This acquisition not only strengthens SAIC's position as a premier Mission Integrator but also demonstrates its intent to pursue strategic investments that enhance its offerings. With a robust focus on integrating innovative technologies, SAIC aims to remain a leader in fostering national security agendas.
Looking Ahead
The successful completion of this transaction is expected to materialize under standard closing conditions and is anticipated in the third fiscal quarter of 2026. SAIC has enlisted the expertise of KPMG and Arnold & Porter Kaye Scholer LLP for this endeavor, while SilverEdge received guidance from KippsDeSanto & Co. and Latham & Watkins LLP.
About SAIC
SAIC® is a leading Fortune 500 mission integrator, focused on leveraging technology and innovation to serve and protect communities. With an impressive service portfolio catering to defense, space, and intelligence sectors, SAIC emphasizes delivering secure, high-end solutions across mission-critical operations. Boasting a workforce of approximately 24,000, SAIC generates about $7.5 billion in annual revenues, reflecting its commitment to national imperatives.
Frequently Asked Questions
What is the primary purpose of SAIC's acquisition of SilverEdge?
The acquisition aims to enhance SAIC's technology solutions for national security and provide agile mission-driven products.
Who is leading SAIC?
Toni Townes-Whitley serves as the Chief Executive Officer of SAIC, driving its growth strategy.
What innovative products does SilverEdge offer?
SilverEdge offers products like SOAR and MynAI, focused on cybersecurity and software solutions for government environments.
When is the acquisition expected to finalize?
The transaction is anticipated to close in the third quarter of fiscal year 2026, pending customary conditions.
How does SAIC plan to integrate SilverEdge's capabilities?
By combining SilverEdge’s expertise with its own resources, SAIC aims to deliver comprehensive solutions that address critical national security missions.
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