SAIC plans to purchase Seattle AI company
Reston-based government contractor to acquire Koverse
Reston-based Fortune 500 government and defense contractor Science Applications International Corp. (SAIC) plans to acquire Koverse, a Seattle data management company focused on artificial intelligence, SAIC announced Monday. The companies have entered into a definitive agreement, and financial terms of the deal were not disclosed. Founded in 2012, Koverse develops AI tools for federal and commercial customers, and SAIC will bring its capabilities to its government clients.
“I am excited to welcome Koverse to Team SAIC. Koverse’s impressive track record among its commercial and government customers, coupled with its unique data management platform, makes it a rare gem that enriches our current data modernization offerings,” SAIC CEO Nazzic Keene said in a statement. “We see many opportunities for Koverse across the federal defense, civilian and intelligence communities. Together, we bring a passion for service, innovation and integrity that will further drive digital transformation and innovation.”
SAIC, which provides technology services to customers in the defense, space, civilian and intelligence markets, employs more than 26,000 people and has annual revenues of approximately $7.1 billion.