SAIC Completes Acquisition of Halfaker and Associates
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RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) completed its acquisition of Halfaker and Associates LLC, on July 2, 2021 for $250 million in cash. The acquisition was first announced June 3, 2021 and will grow the company’s digital transformation portfolio while expanding its ability to support the government’s healthcare mission.
With this acquisition, Halfaker and Associates brings to SAIC a proven ability to create, modernize, integrate, and secure mission-critical systems for federal government customers. Halfaker has a strong culture of service, rooted in the desire to make a difference in the lives of its community, veterans, and wounded warriors.
“We are excited to welcome the employees of Halfaker and Associates to SAIC as we continue to establish our company as a leading provider of innovative technology solutions in support of government digital transformation,” said SAIC CEO Nazzic Keene. “Together, we will reinforce SAIC’s commitment to helping our customers achieve their healthcare objectives through a more diverse talent base and greater access to strategic customers and contracts for the Department of Defense and other federal government agencies.”
Halfaker has established a reputation as a provider of digital services, data analytics, cybersecurity, and cloud solutions to the Department of Veterans Affairs, Department of Defense, Department of Health and Human Services, and the Centers for Medicare and Medicaid services. Halfaker is also a top 5 IT provider by awarded task orders on the VA’s Transformation Twenty-One Total Technology Next Generation (T4NG) acquisition program.
“Halfaker brings new customers and solutions to SAIC as well as a proven track of record of delivering advanced end-to-end digital solutions that transform and empower customer decision-making through modernization and optimization,” said Bob Genter, president of SAIC Defense and Civilian Sector. “Following our acquisition of Unisys Federal last year and our acquisition of Koverse earlier this year, SAIC is continuing to increase its leadership position in fast-growing segments of government.”
SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving our customers' missions.
We are more than 26,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $7.1 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
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Source: Science Applications International Corp.
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