SAIC buys Information Security Corporation to boost post-quantum cryptography
What's the deal? Science Applications International Corp. (SAIC) has completed its acquisition of Information Security Corporation (ISC)Dealroom has a profile for this one. Try Dealroom →, a US cryptography software maker. Financial terms were not disclosed.
What each company does. SAIC is a Reston, Virginia-based mission integrator serving defense, space, intelligence, and civilian agencies, with roughly 23,000 staff and annual revenues of about $7.3 billion. ISC has spent more than three decades building public key infrastructure (PKI), encryption, and credential management software for security-conscious government and industry clients.
What's the endgame? SAIC wants to fold ISC's cryptographic tools into its zero-trust architecture work for intelligence and defense customers. ISC's suite includes CertAgent, which has sat on the National Security AgencyDealroom has a profile for this one. Try Dealroom →'s Commercial Solutions for Classified Components List for more than a decade.
Why now? ISC's products are built with a focus on crypto-agility and the transition to post-quantum cryptography — a priority as organizations prepare for threats that quantum computing may pose to current encryption.
What the companies say. Chief executive officer Jim Reagan called it a "strategic tuck-in acquisition" that reflects "our disciplined approach to investing in technology and capabilities that address the nation's most critical challenges." ISC's Jonathan Schulze-Hewett said joining SAIC "gives us the opportunity to build on that work and bring ISC's technology to more customers and more missions."
The fine print. ISC's technology is already embedded across the US intelligence community and Department of War, supporting identity, authentication, and data protection. SAIC was advised by KPMGDealroom has a profile for this one. Try Dealroom →; ISC was advised by TideLock Partners.
The signal: The deal shows how government integrators are buying up specialist cryptography firms to prepare federal clients for the post-quantum era. For SAIC, owning the encryption building blocks strengthens its pitch to the most security-conscious buyers in Washington.
Read more: AP News
Image credit: perspec_photo88
