Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Analytics

1/15/2010
05:51 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

SAIC To Acquire CloudShield

CloudShield provides services management and infrastructure security solutions to service providers and national governments

MCLEAN, Va. and SAN DIEGO, Jan 14, 2010 /PRNewswire via COMTEX News Network/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has signed a definitive agreement to acquire CloudShield Technologies, Inc., a leading cybersecurity and management solutions provider. CloudShield is headquartered in Sunnyvale, Calif.

Founded in 2000, CloudShield provides services management and infrastructure security solutions to service providers and national governments worldwide. The company's deep packet inspection (DPI) platform and applications enable customers to inspect, analyze and control all network traffic, helping lower costs, secure infrastructure and generate new revenue streams. The platform consists of computer hardware, secure operating systems, application development environments; and numerous deployed applications.

The acquisition will enhance SAIC's cybersecurity offering, and help the company bring to market DPI solutions for high speed networks, enabling it to meet emerging customer requirements in U.S. federal government and commercial markets. CloudShield will join SAIC's Intelligence and Information Solutions Business Unit, part of SAIC's Intelligence, Security and Technology Group led by Stu Shea.

"We are pleased to welcome CloudShield to SAIC and our cyber team," said Shea. "This acquisition is an integral component of our enterprise cyber strategy and provides us with technology to help build a solid foundation for the development of solution-focused applications."

"As the technological landscape becomes more complex, our customers need to identify new ways to manage high-bandwidth IP-based data services. The increasing demands of file sharing, streaming videos and other services on existing infrastructure are driving the sales of our solutions," said Matt Jones, CEO of CloudShield. "We are pleased to become a part of SAIC, combining technologies, services and expertise that will enable us to develop more robust solutions for current and future customers."

The acquisition is expected to close by mid-February 2010, subject to customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Terms of the acquisition were not disclosed.

About SAIC

SAIC is a FORTUNE 500' scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009. For more information, visit www.saic.com. SAIC: From Science to Solutions'

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2009, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
US Capitol Attack a Wake-up Call for the Integration of Physical & IT Security
Seth Rosenblatt, Contributing Writer,  1/11/2021
IoT Vendor Ubiquiti Suffers Data Breach
Dark Reading Staff 1/11/2021
The Data-Centric Path to Zero Trust
Altaz Valani, Director of Insights Research, Security Compass,  1/13/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2020: The Year in Security
Download this Tech Digest for a look at the biggest security stories that - so far - have shaped a very strange and stressful year.
Flash Poll
Assessing Cybersecurity Risk in Today's Enterprises
Assessing Cybersecurity Risk in Today's Enterprises
COVID-19 has created a new IT paradigm in the enterprise -- and a new level of cybersecurity risk. This report offers a look at how enterprises are assessing and managing cyber-risk under the new normal.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-7343
PUBLISHED: 2021-01-18
Missing Authorization vulnerability in McAfee Agent (MA) for Windows prior to 5.7.1 allows local users to block McAfee product updates by manipulating a directory used by MA for temporary files. The product would continue to function with out-of-date detection files.
CVE-2020-28476
PUBLISHED: 2021-01-18
All versions of package tornado are vulnerable to Web Cache Poisoning by using a vector called parameter cloaking. When the attacker can separate query parameters using a semicolon (;), they can cause a difference in the interpretation of the request between the proxy (running with default configura...
CVE-2020-28473
PUBLISHED: 2021-01-18
The package bottle from 0 and before 0.12.19 are vulnerable to Web Cache Poisoning by using a vector called parameter cloaking. When the attacker can separate query parameters using a semicolon (;), they can cause a difference in the interpretation of the request between the proxy (running with defa...
CVE-2021-25173
PUBLISHED: 2021-01-18
An issue was discovered in Open Design Alliance Drawings SDK before 2021.12. A memory allocation with excessive size vulnerability exists when reading malformed DGN files, which allows attackers to cause a crash, potentially enabling denial of service (crash, exit, or restart).
CVE-2021-25174
PUBLISHED: 2021-01-18
An issue was discovered in Open Design Alliance Drawings SDK before 2021.12. A memory corruption vulnerability exists when reading malformed DGN files. It can allow attackers to cause a crash, potentially enabling denial of service (Crash, Exit, or Restart).