Oct 6 (Reuters) - Defense contractor Science
Applications International Corp ( SAIC ) said on Monday it had
agreed to buy peer SilverEdge Government Solutions from private
equity firm Godspeed Capital for $205 million in cash.
The transaction is expected to close in the third quarter of
fiscal year 2026.
Reston, Virginia-based SAIC provides government technical
and enterprise IT services. In June, the company was awarded a
$928 million five-year contract by the Department of Defense to
provide engineering services in support of the U.S. Air Force's
TENCAP programme.
Through its acquisition of cybersecurity, software and
intelligence solutions provider SilverEdge Government Solutions,
SAIC looks to expand its product portfolio with the integration
of SilverEdge's products, including its flagship
software-as-a-service product suite, SOAR.
"SOAR delivers agile, low-risk and rapid prototyping
products that align with our enterprise growth strategy to
provide integrated digital solutions to our customers that
tackle national priorities," said Toni Townes-Whitley, CEO of
SAIC.
For the deal, SAIC was supported by KPMG as its financial
adviser and SilverEdge was advised by KippsDeSanto & Co.