Science Applications International Corp. (NYSE: SAIC) announced today
that it has entered into a strategic partnership with Franklin Venture
Partners to broaden its access and exposure to emerging technologies
developed by startup companies across the United States. Through this
new alliance, SAIC will have unique investment opportunities and access
to commercial technologies that may directly benefit the company or
could be delivered to its government customers.
“Through this new strategic partnership with Franklin Venture Partners,
SAIC can deliver complex technical solutions quicker and leverage
emerging technologies to solve specific problems for our customers,”
said Josh Jackson, executive vice president and general manager of
SAIC’s Solutions and Technology Group. “By tapping into the startup
ecosystem, SAIC broadens its pool of alliances and resources while
enabling government to be more agile in its ability to implement new
As a technology integrator, SAIC’s formal relationship with Franklin
Venture Partners, a specialized investment team within Franklin
Templeton that invests in private investment opportunities, offers
additional resources and increased visibility to a network of smaller,
innovative companies to bring new technologies to government customers.
SAIC’s agreement with Franklin Venture Partners is the latest among
several initiatives to increase its involvement with startup companies
and accelerator programs. Recently, SAIC opened a new
office space in Austin, Texas as part of the Capital Factory, and
Starburst Space Accelerator, a space-focused accelerator program
with a U.S. Government and corporate participants. The company also
participates in Catalyst Campus, a Colorado-based technology and
innovation ecosystem where industry small business, workforce training,
entrepreneurs, startups and venture capital intersect with the aerospace
and defense industry.
SAIC® is a premier technology integrator solving our nation’s most
complex modernization and readiness challenges. Our robust portfolio of
offerings across the defense, space, civilian, and intelligence markets
includes high-end solutions in engineering, IT, and mission solutions.
Using our expertise and understanding of existing and emerging
technologies, we integrate the best components from our own portfolio
and our partner ecosystem to deliver innovative, effective, and
We are 23,000 strong; driven by mission, united by purpose, and inspired
by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma
annual revenues of approximately $6.5 billion. For more information,
visit saic.com. For
ongoing news, please visit our newsroom.
About Franklin Venture Partners
Franklin Venture Partners is a specialized investment team within
Franklin Templeton, one of the world’s leading asset managers, based in
San Mateo, California. Leveraging its Silicon Valley proximity and
Franklin Templeton’s 70 years of experience evaluating and managing
equity investments of all sizes, Franklin Venture Partners identifies
and invests in mid-stage companies it believes are poised for
transformative impacts across multiple industries.
Certain statements in this release contain or are based on
“forward-looking” information within the meaning of the Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify forward-looking statements by words such as “expects,”
“intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,”
and similar words or phrases. Forward-looking statements in this release
may include, among others, estimates of future revenues, operating
income, earnings, earnings per share, charges, total contract value,
backlog, outstanding shares and cash flows, as well as statements about
future dividends, share repurchases and other capital deployment plans.
Such statements are not guarantees of future performance and involve
risk, uncertainties and assumptions, and actual results may differ
materially from the guidance and other forward-looking statements made
in this release as a result of various factors. Risks, uncertainties and
assumptions that could cause or contribute to these material differences
include those discussed in the “Risk Factors,” “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and
“Legal Proceedings” sections of our Annual Report on Form 10-K, as
updated in any subsequent Quarterly Reports on Form 10-Q and other
filings with the SEC, which may be viewed or obtained through the
Investor Relations section of our website at saic.com
or on the SEC’s website at sec.gov.
Due to such risks, uncertainties and assumptions you are cautioned not
to place undue reliance on such forward-looking statements, which speak
only as of the date hereof. SAIC expressly disclaims any duty to update
any forward-looking statement provided in this release to reflect
subsequent events, actual results or changes in SAIC’s expectations.
SAIC also disclaims any duty to comment upon or correct information that
may be contained in reports published by investment analysts or others.