TYSONS CORNER, VA May 6, 2015 — Executive Mosaic — Science Applications International Corp. has finalized its $790 million acquisition of Scitor Holdings, a deal SAIC CEO Tony Moraco sees as further building the company’s customer base in the defense and intelligence fields, GovCon Wire reported Tuesday.
“This transaction expands the markets we serve and we are dedicated to ensuring continuity of the mission to our customers,” Moraco, an inductee into Executive Mosaic‘s Wash100 for 2015, said Monday.
“Together, we are redefining ingenuity in the technology integration marketplace by leveraging the capabilities from both companies to increase revenues and earnings.”
Scitor provides national security products and services for the U.S. Air Force and other clients from the intelligence community.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com
Contact:
David Smith
(703) 226-7002
david.smith@executivemosaic.com