URL: http://www.saic.com/corporate/news/news03-15-95.html *** About SAIC *** _________________________________________________________________ SAIC ACQUIRES NETWORK SOLUTIONS, INC. (MCLEAN, VA) March 15, 1995 -- Science Applications International Corporation (SAIC) has acquired Network Solutions, Inc., a world leader in networking technology and applications. Network Solutions, Inc. is headquartered in Herndon, Virginia and will become a wholly owned subsidiary of SAIC. Terms of the acquisition were not disclosed. Network Solutions, Inc. was established in 1979 and has major clients in the federal government market, state and local market, and commercial market. Network Solutions, Inc. manages the worldwide registration services for the Internet and has significant expertise in local and wide area interoperability technologies. Network Solutions, Inc. currently supports two major Network Information Centers: The InterNIC and the Defense Data Network NIC. "The addition of Network Solutions, Inc. to SAIC brings a world-class networking business into our growing complex of communications and computing capability," said Dr. J. Robert Beyster, founder, chairman and chief executive officer of SAIC. "We see growth in this market segment as unlimited for us in the future." "We are extremely pleased to have Network Solutions, Inc. joining one of the most dynamic and successful growth firms in the world," said Emmit J. McHenry, chief executive officer of Network Solutions, Inc. "We anticipate explosive growth as we combine our networking expertise and experience with SAIC, a recognized leader in information technology and systems integration. The size and scope of SAIC will allow us to deliver our recognized excellence to a worldwide market." "The acquisition of Network Solutions, Inc. is the key next step in our strategy of building a full spectrum, full service global information technology business," said Michael A. Daniels, senior vice president and general manager of the Technology Applications Sector of SAIC. "We now work with clients on major engagements in the federal government market, the commercial market, and the state and local government market in both the United States and overseas. With the acquisition of Network Solutions, Inc. we complete the technology offering of our Systems and Network Integration line of business." SAIC is the largest employee-owned, high technology services and products company based in the United States. SAIC has annual revenues of $1.9billion, 20,000 employees and over 300 office locations around the world. High technology services and products are focused in the core lines of business of information technology, systems integration, energy, environment, medical and health care systems and transportation. Founded in 1969, SAIC has completed its 26th consecutive year of record revenue and earnings. _________________________________________________________________ Copyright SAIC Home _________________________________________________________________ Last updated on 07-05-95