Science Applications International Corp. (NYSE: SAI) announced Thursday that the company will buy CloudShield Technologies, a cybersecurity and management solutions provider, according to Associated Press.
Financial terms of the deal were not disclosed.
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CloudShield Technologies Inc. will join SAIC's Intelligence and Information Solutions Business Unit, part of SAIC's Intelligence, Security and Technology Group.
The company's deep packet inspection (DPI) and applications technology allow customers to inspect, analyze and control all network traffic. It also helps lower costs, secure infrastructure and generate new revenue streams.
Science Applications works with all branches of the military as well as the Department of Homeland Security and foreign governments.
The acquisition is likely to close by mid-February.
SAIC shares rose 6 cents to $19.00 in midday trading Thursday.
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