MCLEAN, Va., Aug. 16 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced that it has completed the acquisition of Reveal Imaging Technologies, Inc., a leading threat detection products and services company. Reveal is headquartered in Bedford, Mass.
Reveal supports the efforts of the Transportation Security Administration (TSA), and other customers in the airport and transportation safety industries as a supplier of Explosive Detection System (EDS) and automated threat detection technologies, including inspection systems that check baggage for explosives, such as the CT-80 EDS. The acquisition will enhance SAIC's homeland security solutions portfolio, adding TSA approved EDS baggage screening systems to SAIC's existing capabilities which include its successful VACIS® passenger and cargo inspection systems. This enhanced offering will enable SAIC to better serve customers including customs agencies, the military and other security organizations worldwide.
Reveal will join SAIC's Security and Transportation Technology Business Unit, part of SAIC's Infrastructure, Energy, Health and Product Solutions Group led by Joe Craver.
"As one of only a few companies with a product that has successfully completed TSA's certification process for automated EDS of checked baggage, Reveal's technology brings a new and valuable capability to SAIC's overall homeland security offering. This acquisition represents new opportunities for growth, and will enable us to better serve customers," said Craver.
"We believe SAIC's acquisition of Reveal will benefit our customers and our employees," said Mike Ellenbogen, chief executive officer and president of Reveal. "SAIC's technical and organizational strengths and resources position us to help address the most demanding security inspection and detection challenges by providing new products and services that we wouldn't be able to achieve as a stand-alone company."
Terms of the acquisition were not disclosed.
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.8 billion for its fiscal year ended January 31, 2010. For more information, visit www.saic.com. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2010, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.