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IT Consulting Company Profile: SAIC

Founded in 1969 by physicist J. Robert Beyster, SAIC (originally Science Applications International Corp.) provides government agencies and commercial enterprises with technical support and project management services. The company, which relies on the U.S. government for almost 90 percent of its revenues, provides products and services in areas including data security, eprocurement, and telemedicine.

It also provides outsourcing and IT services to energy companies, and makes investments in smaller companies through its SAIC Venture Capital Corporation subsidiary. The company is gearing up to meet increasing demand for IT consulting and offshoring services.

In 2007, it acquired Benham Investment Holdings, an engineering and consulting firm, and in 2008 it snatched up SM Consulting, which provides similar services. Consultants working at SIAC should expect to work closely with government agencies, especially its most scientific ones—the Department of Defense, Department of Energy, and NASA.

10260 Campus Point Drive

San Diego, CA 92121

Phone: 858-826-6000

Website: www.saic.com

Ticker Symbol: SAI

FINANCIAL AND PERSONNEL HIGHLIGHTS

  • 2008 revenue ($M): $8,935
  • 1-year growth rate: 7.7 percent
  • Number of employees, 2008: 43,800
  • 1-year growth rate: –0.7 percent

KEY FACTS

  • Contracts with the military account for close to a third of SAIC’s business.

Recent Hi ghlights

  • 2008 Acquires SM Consulting, a tech consulting company, and Icon Systems, a laser engineering firm.
  • 2008 Found guilty of failing to disclose conflicts of interest that could have biased work it did for the U.S. Nuclear Regulatory Commission.
  • 2007 Larry Prior becomes COO.

2007 Acquires Scicom, a hydrocarbon exploration product designer.

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