SAIC (NYSE: SAI) has completed its acquisition of CloudShield Technologies, Inc., a leading cybersecurity and management solutions provider based in Sunnyvale, Calif.
The acquisition will enhance SAIC’s cybersecurity offering, and help the company bring to market DPI solutions for high speed networks. This will enable SAIC to better meet emerging customer requirements in U.S. federal government and commercial markets. CloudShield’s 115 employees will join SAIC’s Intelligence and Information Solutions Business Unit, led by Larry Cox. The BU is part of SAIC’s Intelligence, Security and Technology Group led by Stu Shea.
“CloudShield’s technology is one that an increasing number of customers in the commercial, international, and telecommunications markets as well as the intelligence and Department of Defense communities are using for a variety of parsing and analytic tasks, ” said Shea. “This acquisition represents new opportunities for growth and expanded cybersecurity offerings to better support customers.”