M&A Deal Summary

Science Applications International Acquires ProcureNet Holdings

On November 29, 2004, Science Applications International acquired information technology company ProcureNet Holdings

Acquisition Highlights
  • This is Science Applications International’s 2nd transaction in the Information Technology sector.
  • This is Science Applications International’s 3rd transaction in the United States.
  • This is Science Applications International’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2004-11-29
Target ProcureNet Holdings
Sector Information Technology
Buyer(s) Science Applications International
Deal Type Add-on Acquisition

Target

ProcureNet Holdings

Fairfield, New Jersey, United States
ProcureNet Holdings, Inc. is a provides which performs electronic procurement, logistics and supply chain management services for the Department of Defense (DoD) and other federal customers.

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Buyer(S) 1

Buyer

Science Applications International

Reston, Virginia, United States
Category Company
Founded 1969
Sector Information Technology
Employees26,000
Revenue 7.4B USD (2024)
DESCRIPTION
SAIC office in Tysons Corner, Virginia.
SAIC office in Tysons Corner, Virginia.

Science Applications International (SSAIC) is a scientific, engineering, and technology applications company that uses its domain knowledge to solve problems in national security, energy and the environment, critical infrastructure, and health. Science Applications International was founded in 1969 and is based in Reston, Virginia.

DEAL STATS #
Overall 3 of 24
Sector (Information Technology) 2 of 11
Type (Add-on Acquisition) 3 of 22
State (New Jersey) 1 of 1
Country (United States) 3 of 23
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-03 Atlantic Coast Telesys

Hanover, Maryland, United States

Atlantic Coast Telesys Corporation offers engineering and information technology services to intelligence, defense, and commercial sectors. The company offers services in the areas of digital signals processing, software and hardware engineering, integration and testing, program management, systems engineering, Web portal development, and very small aperture terminal systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-15 Telcordia Technologies

Piscataway, New Jersey, United States

Telcordia Technologies, Inc. is a provider of telecommunications software and services for IP, wireline, wireless and cable. By delivering on its Elementive strategy of providing flexible, standards-based solutions that optimize complex network and business support systems, Telcordia enables customers to aggressively reduce costs and grow revenues.

Sell $1.4B
Mergr

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