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  4. Koverse
Koverse logo
Technology & Software

Who Owns Koverse?

Koverse is owned by Science Applications International Corporation (NYSE: SAIC), a publicly traded American government technology company headquartered in Reston, Virginia. SAIC acquired Koverse in 2021 to strengthen its data analytics and AI capabilities. Koverse provides a multi-level security data management platform for U.S. intelligence community and defense customers.

Parent Company

Science Applications International Corporation (SAIC)

Acquired

2021

Status

Publicly Traded

Headquarters

Reston, Virginia, USA

Koverse Timeline

1969
Science Applications International Corporation (SAIC)

Parent company established in Reston, Virginia, USA

Company Founded
2014

Koverse

Founded by Jon Purdy, Paul Schaeffer

Founded
2021
Acquired by Science Applications International Corporation (SAIC)

Science Applications International Corporation (SAIC) acquired Koverse

Acquired
premiumnicheUnited StatesOfficial Website

Who Owns Koverse?

  • Parent Company: Science Applications International Corporation (SAIC)
  • Ownership Type: Wholly owned
  • Acquisition Year: 2021
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: SAIC
BrandParent CompanyOwnership Type
KoverseScience Applications International Corporation (SAIC)Wholly owned

History of Koverse

  • Founded: 2014
  • Founders: Jon Purdy, Paul Schaeffer
  • Acquired by Science Applications International Corporation (SAIC): 2021

Koverse was founded in 2014 as an independent technology company focused on solving a specific problem in government data analytics: enabling analysts to work with data across different security classification levels simultaneously, without violating the strict information security requirements of the U.S. intelligence community.

The core technical challenge Koverse addressed is known as multi-level security (MLS) data management. Intelligence community analysts frequently need to correlate information from classified and unclassified sources, but traditional data platforms were designed for single-classification environments. Koverse developed a platform that could manage data at multiple classification levels within a single analytical environment, subject to appropriate access controls.

From its founding, Koverse focused on the U.S. government and intelligence community market, where the combination of large data volumes, strict security requirements, and the need for advanced analytics created demand for specialized solutions that commercial analytics platforms could not meet. The company built relationships with intelligence agencies and defense customers who required its multi-level security capabilities.

Throughout the late 2010s and early 2020s, Koverse expanded its platform capabilities, incorporating machine learning and artificial intelligence tools designed to operate within classified environments. The company's ability to apply AI and analytics to sensitive government data, while maintaining the security controls required by intelligence community standards, became its primary market differentiator.

On April 26, 2021, SAIC acquired Koverse. SAIC CEO Nazzic Keene described Koverse as "a rare gem" with "a unique data management platform." The acquisition aligned with SAIC's broader focus on delivering advanced technology solutions to the defense, intelligence, and federal civilian markets. Following the acquisition, Koverse continued to operate under its established brand identity within SAIC's portfolio.

The Koverse acquisition was part of SAIC's pattern of targeted acquisitions to add specialized capabilities. SAIC had previously acquired Scitor (2015) for intelligence community expertise, Engility (2018) for systems engineering scale, Unisys US Federal (2020) for federal IT modernization capabilities, and Halfaker and Associates (2021) for health IT and analytics. In 2024, SAIC also acquired SilverEdge Government Solutions for cybersecurity capabilities.

About Science Applications International Corporation (SAIC)

What does SAIC own?
SAIC operates as a single-brand government technology services company. The company does not own separate consumer brands but provides services including IT modernization, cybersecurity, AI and data analytics, engineering services, and space systems support to U.S. government agencies. SAIC's primary asset is its workforce of approximately 24,000 employees, including approximately 18,000 with government security clearances.

Is SAIC publicly traded?
Yes, SAIC is publicly traded on the New York Stock Exchange under the ticker symbol SAIC. The company has been publicly traded since its 2006 IPO. Major institutional holders include Vanguard Group, BlackRock, and State Street Global Advisors. The company's market capitalization was approximately $6.5 billion as of mid-2025.

Who founded SAIC?
SAIC was founded in 1969 by J. Robert Beyster, a physicist who had worked at Los Alamos National Laboratory and General Atomics. Beyster established the company in La Jolla, California, with a vision of a science and technology company owned by its employees. SAIC pioneered the employee-ownership model in the defense contracting industry. Beyster retired as CEO in 2003 and passed away in 2014.

Is SAIC the same as Leidos?
No. SAIC and Leidos were once the same company but split into two separate publicly traded companies in 2013. The government IT services business retained the SAIC name, while the larger technical services and science business was renamed Leidos Holdings. The split was motivated by Federal Acquisition Regulation provisions that prevented the combined company from bidding on certain contracts due to organizational conflicts of interest. Today, Leidos is approximately twice the size of SAIC by revenue.

How much revenue does SAIC generate?
SAIC reported FY2025 (ending January 31, 2025) revenue of $7.4 billion, up 2% year over year, with net income of $337 million and diluted EPS of $6.27. The company's backlog at the end of FY2025 was approximately $12 billion. In Q1 FY2026 (ending May 2, 2025), SAIC reported revenue of $1.9 billion, up 2% year over year.

Who owns SAIC?
SAIC is publicly owned with no controlling shareholder. Major institutional holders include Vanguard Group, BlackRock, and State Street Global Advisors. CEO Toni Townes-Whitley leads the company, having joined in October 2023. The board of directors is chaired by Donna Morea.

  • Founded: 1969
  • Headquarters: Reston, Virginia, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: SAIC
  • Revenue: $7.4 billion (FY2025, ending January 2025)
  • Employees: Approximately 24,000

Visit Science Applications International Corporation (SAIC) website

View full company profile for Science Applications International Corporation (SAIC)

Where Is Koverse Made / Based?

  • Headquarters: Reston, Virginia, USA
  • Manufacturing / Operations: United States

Koverse Categories & Tags

Data AnalyticsGovernment TechnologyMulti Level SecurityIntelligenceSaic

Koverse Sustainability & Ethics

Koverse operates under SAIC's corporate sustainability framework. SAIC has committed to a 20 percent reduction in greenhouse gas emissions by 2030 and a 12 percent reduction in electrical energy use by 2030. Koverse's data center operations and cloud infrastructure are included in SAIC's consolidated environmental reporting.

SAIC has established an Artificial Intelligence Council to oversee responsible AI use across its portfolio, including Koverse's AI and machine learning capabilities. The council ensures that AI applications align with ethical guidelines, particularly for government applications where data sensitivity and security classifications require careful consideration.

Koverse adheres to SAIC's Human Rights Policy and Supplier Code of Conduct, which set expectations for social, ethical, and environmental responsibility throughout the supply chain.

No independently verified sustainability flags from the allowed list (cruelty-free, vegan-certified, b-corp, organic-certified, fair-trade, recycled-materials, palm-oil-free, carbon-neutral) apply to Koverse as a brand.

Koverse Recalls & Controversies

No product safety recalls or regulatory violations have been documented for Koverse. As a software platform provider for government customers, Koverse is not subject to consumer product safety recalls.

As a provider of AI and data analytics capabilities to U.S. government agencies, Koverse operates in an environment of ongoing debate about the appropriate use of artificial intelligence in government surveillance and intelligence gathering. The company's platforms enable advanced analytics on government data, raising questions about privacy, civil liberties, and the balance between security and individual rights. These concerns are industry-wide and not specific to Koverse.

Koverse's business model is heavily dependent on government contracts, particularly with defense and intelligence agencies. This dependence creates vulnerability to changes in government spending priorities, administration changes, and budget uncertainties. The company's reliance on continuing resolutions and government appropriations creates business risk characteristic of government contracting.

The classified nature of much of Koverse's work limits public visibility into the company's business performance and operational details. This lack of transparency is inherent to operating in the classified government technology market.

Frequently Asked Questions About Koverse

Sources & Further Reading

  • SAIC Official Website
  • SAIC FY2024 Annual Report
  • SAIC Corporate Responsibility Report
  • Koverse Official Website
  • Business Wire: SAIC Koverse Acquisition Announcement (April 2021)
  • ExecutiveBiz: SAIC Koverse Acquisition Coverage
  • GovConWire: SAIC Koverse Acquisition Details
  • SEC EDGAR: SAIC Financial Filings
  • NYSE: SAIC Stock Quote
  • Palantir Technologies (Competitor)
  • Booz Allen Hamilton (Competitor)
  • Wikipedia: Science Applications International Corporation

Competitors to Koverse

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
EngilityEngilitySister Brand
Saic
USA
2013
Mass marketUnited statesAll Genders
ScitorScitorSister Brand
Saic
United States
1979
Mass marketUnited statesAll Genders

Learn More About Competitors

EngilityConglomerates Industrial

Engility

Owned by Science Applications International Corporation (SAIC)

Government services contractor providing systems engineering and IT solutions to U.S. defense and intelligence agencies, now a wholly-owned subsidiary of SAIC.

government-servicesdefensesystems-engineering
ScitorConglomerates Industrial

Scitor

Owned by Science Applications International Corporation (SAIC)

Intelligence community solutions provider offering classified contracts, cleared personnel, and security infrastructure for U.S. government agencies.

intelligencegovernment-servicesclassified-contracts

Competitive Analysis

Market Positioning: Koverse competes with 2 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

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FeeldTechnology Software

Feeld

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dating-appalternative-datingopen-relationships
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Feeld is privately owned, unlike Koverse which is under a publicly traded parent company.

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OmniPlan is privately owned, unlike Koverse which is under a publicly traded parent company.

OvertureTechnology Software

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music-notationcompositionmusic-software
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Overture is privately owned, unlike Koverse which is under a publicly traded parent company.

ProcreateTechnology Software

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digital-artillustrationipad-app
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Procreate is privately owned, unlike Koverse which is under a publicly traded parent company.

Shaadi.comTechnology Software

Shaadi.com

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matrimonialmatchmakingindian-dating
Privately Owned

Shaadi.com is privately owned, unlike Koverse which is under a publicly traded parent company.

WrikeTechnology Software

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project-managementcollaborationworkflow-management
Privately Owned

Wrike is privately owned, unlike Koverse which is under a publicly traded parent company.

Science Applications International Corporation (SAIC) Stock Information

Jobs at Science Applications International Corporation (SAIC)

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team