SAIC Agrees to Acquire Md. Consulting Firm
Science Applications International Corporation has agreed to buy SM Consulting, a Linthicum provider of foreign language and information technology services to government and private sector clients. Financial terms of the transaction were not disclosed.
Founded in 1996 by president and chief executive Sheila Courtney Heinze, SMC has grown steadily into one of the largest woman-owned businesses in the Baltimore region. The firm, which also operates offices in Reston and other U.S. locations, has more than 460 employees.
SAIC, based in San Diego, has more than 16,000 employees in the Washington area. It is one of the federal government's biggest contractors, performing engineering work and providing technical services to a range of military and civilian agencies. Last year, the firm recorded revenue of $8.3 billion.
SMC's largest and fastest-growing business line is its federal services division, which focuses on providing foreign language translation and training to a number of government agencies. It also provides information technology and services.
"By combining SMC's expertise with that of SAIC, we will offer enhanced capabilities, particularly in language and analytical services, to support the mission-critical programs in the markets we serve," John P. Hynes, Jr., SAIC senior vice president and business unit general manager, said in a statement. "SMC's customer focus and commitment to innovation align well with our mission and heritage."
The deal is expected to close by the end of next month. SMC will become part of SAIC's Mission Integration Business Unit, which is based in Reston.
"We have established an ideal relationship with SAIC -- a firm whose corporate values, commitment to the customer, and focus on employees mirror our business philosophies," Heinze said in a statement. "This transaction will allow us to provide a broader range of capabilities to support our customer's critical missions. In addition, we believe SAIC will provide our employees greater opportunities for further personal and professional development."
Please email us to report offensive comments.
The comments to this entry are closed.