Thursday, Science Applications International Corporation or SAIC, (SAI) said it has signed a definitive agreement to acquire CloudShield Technologies, Inc., a cybersecurity and management solutions provider. CloudShield is headquartered in Sunnyvale, Calif.
The company said that 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.
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, SAIC added.
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