SAIC concludes divestiture of energy IT services companies

Sale will transfer 1,450 employees to India-based ownership

Science Applications International Corp. has completed the sale of its operations focused on providing specialized IT services to oil and gas companies to Wipro Ltd., the company announced June 13.

Financial terms of the deal, which was announced on April 1, were not disclosed.

The operations sold include SAIC's U.S.-based oil and gas IT services business, along with subsidiaries located in the United Kingdom (SAIC Ltd.), France (Science Applications International, Europe S.A.R.L.), and India (SAIC India Private Ltd).

It is expected that SAIC's subsidiary in the Middle East (SAIC Gulf LLC) will transfer to Wipro when certain regulatory approvals have been received, the announcement said.

As part of the sale, approximately 1,450 employees will join India-based Wipro from SAIC's Health, Energy, and Civil Solutions Group led by Joe Craver.

"With Wipro, the operations sold will have an owner with a strategic focus in multinational commercial oil and gas IT services and a significant off-shore footprint, which will enable them to maximize the value of this profitable business," Craver said in the announcement.

SAIC, of McLean, Va., ranks No. 6 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More


    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.