By Chelsea Naso (February 6, 2020, 11:12 AM EST) -- SAIC, advised by King & Spalding, on Thursday unveiled an all-cash deal worth $1.2 billion for a unit of Sullivan & Cromwell client Unisys that provides cloud services and enterprise IT-as-a-service to the U.S. government.
The deal will see technology company Scientific Applications International Corp. buy Unisys Corp.'s U.S. federal business, whose clients include a number of U.S. federal civilian agencies and the U.S. Department of Defense.
Virginia-based SAIC said the deal will not only bolster its technology offerings to the federal government but also differentiate its platform from other providers.
"With the addition of Unisys Federal, SAIC will be a...
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