Who Owns Koverse?
Koverse is owned by Science Applications International Corporation (SAIC), a leading provider of government services and information technology support. Koverse specializes in data analytics and intelligence solutions for government applications. SAIC acquired Koverse in 2024, making it a wholly-owned subsidiary of the publicly traded SAIC (NYSE: SAIC).
Parent Company
Science Applications International Corporation
Acquired
2024
Status
Publicly Traded
Headquarters
United States
Who Owns Koverse?
- Parent Company: Science Applications International Corporation
- Ownership Type: Wholly owned
- Acquisition Year: 2024
- Company Type: Publicly Traded
- Stock Ticker: NYSE: SAIC
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Koverse | Science Applications International Corporation | Wholly owned |
History of Koverse
- Founded: 2014
- Founders: Koverse Inc. (internal development)
- Acquired by Science Applications International Corporation: 2024
Koverse was founded in 2014 as an independent technology company focused on solving a specific and technically demanding 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.
In 2024, SAIC acquired Koverse as part of its strategy to strengthen its data analytics and AI capabilities for government customers. 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, Halfaker and Associates (2021) for health IT and analytics, and SilverEdge Government Solutions (2024) for cybersecurity.
About Science Applications International Corporation
Who owns SAIC?
SAIC is publicly traded on NYSE under ticker SAIC. The company has a broad institutional and retail shareholder base with no controlling shareholder. Toni Townes-Whitley serves as President and CEO.
What does SAIC do?
SAIC provides technical, engineering, and enterprise IT services primarily to the U.S. government, with expertise in IT modernization, cybersecurity, AI, engineering services, and space programs.
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 business was renamed Leidos.
When was SAIC founded?
SAIC was founded in 1969 by J. Robert Beyster in La Jolla, California.
How much revenue does SAIC generate?
SAIC reported revenue of approximately $7.4 billion for fiscal year 2025 (ending January 2025).
- Founded: 1969
- Headquarters: Reston, Virginia, USA
- Company Type: Publicly Traded
- Stock: NYSE: SAIC
Where Is Koverse Made / Based?
- Headquarters: United States
- Manufacturing / Operations: United States
Koverse Ownership: Pros & Cons
Advantages
- +Access to SAIC's established government contract vehicles and customer relationships across defense and intelligence
- +SAIC's cleared workforce providing personnel resources for classified program execution
- +Integration with SAIC's broader technology portfolio enabling comprehensive government solutions
- +SAIC's financial scale providing stability and investment capacity for platform development
- +Strong positioning in the growing government AI and analytics market
- +Multi-level security capability addressing a technically demanding and underserved government requirement
Considerations
- -Integration into a large government services company may reduce the agility of a specialized technology startup
- -Government contract cycles are long and subject to budget uncertainty and continuing resolution risk
- -Dependence on U.S. government spending priorities, which can shift with administration changes
- -Competition from Palantir, Booz Allen Hamilton, and other established government analytics providers
- -Classified nature of operations limits public visibility into business performance
Frequently Asked Questions About Koverse
Competitors to Koverse
No direct competitors found in the same category. This could be because Koverseoperates in a unique market segment or we're still building our competitor database.
Science Applications International Corporation Stock Information
Jobs at Science Applications International Corporation
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