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SAIC keeping ‘options open’ on acquisition front

06 December 2019
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US-based Science Applications International Corporation (SAIC) is keeping its "options open" when it comes to potential purchases of more companies, despite its acquisition of a rival firm about a year ago, according to a top SAIC official.

SAIC will continue its practice of being "very selective" about such transactions and will avoid pursuing a large number of them, said Nazzic Keene, SAIC's chief executive officer.

"We do not look to be a serial, high-volume acquirer but if there was a transaction that brought capabilities, market access or customer access that would support our strategy and support our priority of organic profitable revenue growth, we certainly would look at that," Keene told analysts in a conference call on 5 December.

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