SAIC (Science Applications International Corp) has announced its acquisition of Silveredge Government Solutions from private equity firm Godspeed Capital for $205 million in cash. Silveredge is known for its innovative mission-driven technology solutions, particularly in cybersecurity, software development, engineering, and intelligence analysis.
One of Silveredge's flagship products, Soar, a software-as-a-service (SaaS) suite, offers highly customizable and low-risk software solutions tailored to customer specifications through commercial marketplaces. Additionally, the company recently introduced Mynai, a secure and responsible agentic AI product designed for operation in highly regulated and secured government environments.
SAIC aims to integrate Silveredge’s SaaS products and expertise to enhance its ability to deliver real-time mission-based solutions with speed, efficiency, and agility. This acquisition aligns with SAIC's strategy of bringing mission-focused, IP-based solutions and commercial products to its customers.
The transaction is expected to close in the third quarter of fiscal year 2026, subject to customary closing conditions.
SAIC, a Fortune 500 company, is focused on advancing technology and innovation to serve and protect its customers in the defense, space, civilian, and intelligence sectors. With annual revenues of approximately $7.5 billion, the company has highlighted its commitment to pursuing strategic investments in accretive and complementary tuck-ins, further strengthening its position as a premier mission integrator. As a result of these announcements, the company's shares have moved 1.08% on the market, and are now trading at a price of $102.77. For the full picture, make sure to review Science Applications International Corp's 8-K report.
