SAIC completes acquisition
- February 10, 2010
Science Applications International Corp. (SAIC) has completed the acquisition of CloudShield Technologies Inc., a cyber security and management solutions provider in Sunnyvale, Calif.
SAIC, a Fortune 500 company with its headquarters in McLean, said the deal will enhance cyber security offerings, helping it meet emerging customer requirements. “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,” Stu Shea of SAIC’s Intelligence, Security and Technology group said in a statement. Terms of the deal were not disclosed. The statement did say that CloudShield’s 115 employees will join SAIC’s Intelligence and Information Solutions Business Unit.