SAIC Strengthens AI and Analytics Capabilities with Acquisition of Koverse
Science Applications International Corp. (SAIC) has announced a definitive agreement to acquire Koverse, a software company specializing in data management platforms for AI and machine learning. Founded in 2012, Koverse offers scalable solutions essential for government and regulated commercial sectors, addressing challenges in managing complex data. SAIC's CEO, Nazzic Keene, highlighted the transaction's potential to enhance innovative data modernization offerings across defense, civilian, and intelligence communities. Specific transaction details remain undisclosed.
- Acquisition of Koverse enhances SAIC's data modernization capabilities.
- Koverse's secure platform strengthens SAIC's offerings for government and regulated sectors.
- Collaboration expected to drive faster innovation in data handling.
- Details of the transaction remain undisclosed, leaving uncertainty for investors.
Science Applications International Corp. (NYSE: SAIC) announced today that it has entered into a definitive agreement to acquire Koverse, a software company that provides a data management platform enabling artificial intelligence (AI) and machine learning on complex, sensitive data.
Founded in 2012 by former U.S. intelligence community AI and high-volume data processing experts, Koverse is a 16-person, Seattle-based company that delivers scalable, secure, and high-performing solutions to federal and commercial customers. Koverse solves one of the most difficult and time-consuming challenges in developing AI tools: organizing structured and unstructured data from multiple sources based on a user’s individual attributes and permissions. This capability is essential for government and military organizations where data access requires various clearance levels, as well as regulated commercial industries such as healthcare, financial services, and pharmaceuticals.
Koverse’s unique mission expertise and secure platform are already used in the most demanding environments, and SAIC will bring this offering at scale to security-conscious customers across government.
“I am excited to welcome Koverse to team SAIC. Koverse’s impressive track record among its commercial and government customers coupled with its unique data management platform makes it a rare gem that enriches our current data modernization offerings,” said SAIC CEO Nazzic Keene. “We see many opportunities for Koverse across the federal defense, civilian, and intelligence communities. Together, we bring a passion for service, innovation, and integrity that will further drive digital transformation and innovation.”
“This transaction will drive faster innovation and enable organizations to transform how they use complex and sensitive data,” said Jon Matsuo, president and CEO of Koverse. “Joining forces with SAIC creates a direct channel to include Koverse as the underlying data platform in large, important pieces of the emerging defense and national intelligence community mission.”
Details of the transaction were not disclosed.
About SAIC
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 cri
FAQ
What did SAIC announce in its recent press release?
How will the acquisition of Koverse impact SAIC?
What is Koverse's expertise?
When was Koverse founded?
What sectors does Koverse serve?
