SAIC to acquire Presearch

Science Applications International Corp. has acquired Presearch Inc., a provider of information technology and systems engineering services, the company confirmed today. Terms of the deal were not disclosed.

The acquisition of Presearch of Fairfax, Va., brings the company capabilities ranging from signal processing and software and hardware engineering to intelligence analysis and antisubmarine warfare and mine countermeasures. Nearly all of the company's employees hold active, high-level security clearances.

Presearch customers include the Navy, Army Intelligence and Security Command, National Security Agency and Homeland Security Department.

"This transaction places a deep technical and program heritage in the hands of an employee-owned, financially strong, committed defense technology company," said Anita Antenucci, co-head the Aerospace Defense Government Group at Houlihan Lokey Howard and Zukin of McLean, Va., the investment banking firm that represented Presearch.

SAIC of San Diego has more than 44,000 employees and annual revenue of $6.7 billion. The company ranked No. 5 on Washington Technology's 2004 Top 100 list, which measures federal contracting revenue.