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Old 10-12-2005, 05:57 PM   #1
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SAIC Acquires IMAPS

http://biz.yahoo.com/prnews/051010/dcm022.html?.v=26

SAN DIEGO and MCLEAN, Va., Oct. 10 /PRNewswire/ -- Science Applications International Corporation (SAIC) today announced that it has completed the acquisition of substantially all of the assets of IMAPS, LLC, based in Columbia, Ill. IMAPS is a leading provider of Geographic Information Systems and marine navigation, aviation flight planning, and navigation software products to government and commercial customers.


The acquisition enhances SAIC's capability to support key customers in the national security and intelligence community. SAIC also gains the ability to provide navigational aid to both the aeronautical and marine communities by acquiring IMAPS' Web sites, http://www.AeroPlanner.com, and http://www.MarinePlanner.com.

"Joining SAIC provides an opportunity to apply IMAPS' technology and services to a broad customer base while strengthening our services to common customers," said Mark Munsell, former president of IMAPS. "Our customers can still expect an innovative and flexible approach, but now it is combined with the strength, depth, and reputation of SAIC."

In connection with the asset acquisition, 67 former employees of IMAPS have joined SAIC's Mission Integration Business Unit. IMAPS' role in aeronautical and marine navigation has helped make commercial and military travel safer and more efficient, and has provided critical assistance to the intelligence community in waging the global war on terror.

"In its brief history, IMAPS has distinguished itself as a center of innovation for the development and application of geospatial technologies," said Leo Hazlewood, SAIC general manager of the Mission Integration Business Unit. "IMAPS' leadership team and talented workforce augments SAIC's growing business in these areas. The addition of IMAPS' technology and workforce can allow us to strengthen and broaden our offerings in the geospatial information market."

SAIC is the largest employee-owned research and engineering company in the United States, with annual revenues of $7.2 billion and more than 43,000 employees in over 150 cities worldwide. SAIC engineers and scientists solve complex technical problems in national security, homeland security, energy, the environment, space, telecommunications, health care, and logistics. SAIC: FROM SCIENCE TO SOLUTIONS(TM)

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 the Company's Annual Report on Form 10-K for the period ended January 31, 2005, and such other filings that the Company 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.

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Old 10-12-2005, 07:13 PM   #2
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My sister-in-law has a great job at SAIC.

We don't discuss any controversies though.
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Old 10-13-2005, 06:57 PM   #3
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right -- That was my company they bought.
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Old 10-16-2005, 06:33 AM   #4
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I used to work for one company through SAIC, maaan did it suck!
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Old 10-16-2005, 07:02 AM   #5
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I have been doing a bit with GIS at uni this semester.
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