SAIC finishes Cornerstone purchase
- By Roseanne Gerin
- Aug 07, 2006
Science Applications International Corp. has completed the acquisition of Cornerstone Industry Inc., a company that specializes in joint doctrine development. Terms of the deal were not disclosed.
Joint doctrine development is the guidelines for coordinating the use of U.S. forces. Cornerstone Industry writes, evaluates and supports the process, including training and education. It also offers professional services, e-learning, and computer gaming related to joint doctrine development for the Defense Department, including the U.S. Joint Forces Command Joint Warfighting Center.
The Alexandria, Va., veteran-owned small business has 59 employees who will become part of SAIC's Strategies, Simulation and Training business unit.
Cornerstone Industry is SAIC's fourth acquisition this year. On Aug. 1, SAIC signed a definitive agreement to acquire bd Systems, Inc., of Torrance, Calif., a provider of aerospace engineering and IT services. In July, SAIC completed its purchase of GeoViz.com Inc., a maker of commercial tools for command, control, communications and computers, intelligence, surveillance and reconnaissance. In April, SAIC acquired Geo-Spatial Technologies Inc., which specializes in geospatial technology for advanced 3-D imaging, reconnaissance, remote sensing and mapping systems. SAIC did not disclose the terms for any of the deals.
SAIC of San Diego is a research and engineering company with more than 43,000 employees. It had annual revenue of $7.8 billion for the fiscal year ended Jan. 31. The company ranks No. 3
on Washington Technology's 2006 Top 100
list of the largest federal IT contractors.