SAIC To Acquire Cybersecurity Solutions Provider CloudShield Technologies

(McLean, Va. and San Diego, January 14, 2010) -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has signed a definitive agreement to acquire CloudShield Technologies, Inc., a leading cybersecurity and management solutions provider. CloudShield is headquartered in Sunnyvale, Calif.

Founded in 2000, 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 platform consists of computer hardware, secure operating systems, application development environments; and numerous deployed applications.


The acquisition will enhance SAIC's cybersecurity offering, and help the company bring to market DPI solutions for high speed networks, enabling it to meet emerging customer requirements in U.S. federal government and commercial markets. CloudShield will join SAIC's Intelligence and Information Solutions Business Unit, part of SAIC's Intelligence, Security and Technology Group led by Stu Shea.

"We are pleased to welcome CloudShield to SAIC and our cyber team," said Shea. "This acquisition is an integral component of our enterprise cyber strategy and provides us with technology to help build a solid foundation for the development of solution-focused applications."

"As the technological landscape becomes more complex, our customers need to identify new ways to manage high-bandwidth IP-based data services. The increasing demands of file sharing, streaming videos and other services on existing infrastructure are driving the sales of our solutions," said Matt Jones, CEO of CloudShield. "We are pleased to become a part of SAIC, combining technologies, services and expertise that will enable us to develop more robust solutions for current and future customers."

The acquisition is expected to close by mid-February 2010, subject to customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Terms of the acquisition were not disclosed.

Source : Science Applications International Corporation (SAIC) (NYSE: SAI)