Friday, March 29, 2024
HomeHeadlinesScience Applications International Corp Acquires Koverse

Science Applications International Corp Acquires Koverse

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  • Koverse is a software company that provides a data management platform enabling artificial intelligence (AI) and machine learning on complex, sensitive data
  • Koverse solves one of the most difficult and time-consuming challenges in developing AI tools: organising structured and unstructured data from multiple sources based on a user’s individual attributes and permissions

Science Applications International Corp has entered into a definitive agreement to acquire Koverse, a software company that provides a data management platform enabling artificial intelligence (AI) and machine learning on complex, sensitive data. It said that Koverse solves one of the most difficult and time-consuming challenges in developing AI tools: organising structured and unstructured data from multiple sources based on a user’s individual attributes and permissions.

Data access requires various clearance levels

This capability is essential for government and military organisations where data access requires various clearance levels, as well as regulated commercial industries such as healthcare, financial services, and pharmaceuticals. SAIC CEO Nazzic Keene said, “I am excited to welcome Koverse to team SAIC. Koverse’s impressive track record among its commercial and government customers coupled with its unique data management platform makes it a rare gem that enriches our current data modernisation offerings. We see many opportunities for Koverse across the federal defense, civilian, and intelligence communities. Together, we bring a passion for service, innovation, and integrity that will further drive digital transformation and innovation.”

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Jon Matsuo, president and CEO of Koverse said, “This transaction will drive faster innovation and enable organizations to transform how they use complex and sensitive data. Joining forces with SAIC creates a direct channel to include Koverse as the underlying data platform in large, important pieces of the emerging defense and national intelligence community mission.”

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