SAIC Completes Acquisition of Cybersecurity Solutions Provider CloudShield Technologies, Inc.
10 February 2010 - 8:05AM
PR Newswire (US)
MCLEAN, Va. and SAN DIEGO, Feb. 9 /PRNewswire-FirstCall/ -- Science
Applications International Corporation (SAIC) (NYSE:SAI) today
announced it has completed the acquisition of CloudShield
Technologies, Inc., a leading cybersecurity and management
solutions provider headquartered in Sunnyvale, Calif. CloudShield
provides services management and infrastructure security solutions
to service providers and national governments worldwide. The
company's deep packet inspection (DPI) platform and applications
enable customers to inspect, analyze and control all network
traffic, helping lower costs, secure infrastructure and generate
new revenue streams. The acquisition will enhance SAIC's
cybersecurity offering, and help the company bring to market DPI
solutions for high speed networks. This will enable SAIC to better
meet emerging customer requirements in U.S. federal government and
commercial markets. CloudShield's 115 employees will join SAIC's
Intelligence and Information Solutions Business Unit, led by Larry
Cox. The BU is part of SAIC's Intelligence, Security and Technology
Group led by Stu Shea. "CloudShield's technology is one that an
increasing number of customers in the commercial, international,
and telecommunications markets as well as the intelligence and
Department of Defense communities are using for a variety of
parsing and analytic tasks," said Shea. "This acquisition
represents new opportunities for growth and expanded cybersecurity
offerings to better support customers." Terms of the acquisition
were not disclosed. About SAIC SAIC is a FORTUNE 500® scientific,
engineering, and technology applications company that uses its deep
domain knowledge to solve problems of vital importance to the
nation and the world, in national security, energy and the
environment, critical infrastructure, and health. The company's
approximately 45,000 employees serve customers in the U.S.
Department of Defense, the intelligence community, the U.S.
Department of Homeland Security, other U.S. Government civil
agencies and selected commercial markets. Headquartered in McLean,
Va., SAIC had annual revenues of $10.1 billion for its fiscal year
ended January 31, 2009. For more information, visit
http://www.saic.com/. SAIC: From Science to Solutions® Statements
in this announcement, other than historical data and information,
constitute forward-looking statements that involve risks and
uncertainties. A number of factors could cause our actual results,
performance, achievements, or industry results to be very different
from the results, performance, or achievements expressed or implied
by such forward-looking statements. Some of these factors include,
but are not limited to, the risk factors set forth in SAIC's Annual
Report on Form 10-K for the period ended January 31, 2009, and
other such filings that SAIC makes with the SEC from time to time.
Due to such uncertainties and risks, readers are cautioned not to
place undue reliance on such forward-looking statements, which
speak only as of the date hereof. Contact: Melissa Koskovich Laura
Luke (703) 676-6762 (703) 676-6533 DATASOURCE: SAIC CONTACT:
Melissa Koskovich, +1-703-676-6762, , or Laura Luke,
+1-703-676-6533, , both of SAIC Web Site: http://www.saic.com/
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