WASHINGTON — Government technology and consulting giant SAIC announced today it plans to acquire SilverEdge Government Services for $205 million in cash. The deal should close by the middle of next year, SAIC said.
SilverEdge is a software-as-a-service (SaaS) shop with extensive defense and intelligence contracts. Currently owned by Godspeed Capital, a private equity focused on government and defense, SilverEdge was created in 2022 from Varen Technologies, Exceptional Software Strategies, and Savli Group, and later acquired Gardetto and Counter Threat Solutions.
“This acquisition advances SAIC’s strategy of bringing mission focused, IP-based solutions and commercial products to our customers,” SAIC said in a press release, later adding that layoffs are not expected. “By integrating SilverEdge’s SaaS products and expertise, SAIC will further enhance its ability to deliver real-time mission-based solutions with speed, efficiency, and agility.”
SilverEdge hasn’t published much publicly about clients and revenues, but press releases and news reports suggest it does much of its work in the classified world, including a $164 million contract for unnamed US government agencies. A rare case of actually naming the client came in a subcontract on a Section 508 disability access project at the National Geo-Spatial Intelligence Agency (NGA).
SilverEdge’s biggest recent announcement was its August rollout of MynAI, which it describes as an “agentic” AI — that is, an AI capable not just of generating new text but of performing at least some bureaucratic functions on its own — specifically optimized for US government agencies. MynAI is authorized for Top Secret/Secure Compartmented Information (TS/SCI, the level of classification above the actually quite common “Top Secret”) and already “operational at multiple National Security Agencies,” the company said.
SAIC, short for Science Applications International Corporation, is among the largest defense contractors in the world and has been a DC mainstay for decades, founded in 1969 and spinning off Leidos in 2013.