Vencore

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Vencore, Inc.
FormerlyThe SI Organization, Inc.
TypePrivate
Headquarters,
Revenue1,130,000,000 United States dollar (2017) Edit this on Wikidata
Number of employees
4800
SubsidiariesApplied Communication Sciences
Websitevencore.com

Vencore, Inc. was a private defense contractor that serves the U.S. Intelligence Community, Department of Defense and other agencies.[1] From 2010 to 2014, the company was named The SI Organization, Inc. (the SI).[2] The SI provided full life cycle, mission-focused systems engineering and integration capabilities, according to its corporate website.[3] Major locations include Chantilly (VA), Basking Ridge (NJ), Denver (CO), Laurel (MD), Los Angeles (CA), Red Bank (NJ), St. Louis (MO), and Valley Forge (PA). The company employed approximately 2,000 people.[4] It is now part of Perspecta Inc.

Corporate History[edit]

The SI was founded in 1972 in Valley Forge, Pennsylvania, as part of GE Aerospace, when a team of 60 engineers began providing systems engineering and integration services to the Intelligence Community. The System Integrator construct was conceived by the US Government to help implement a very large, complex, and expensive space-based national security program. Due to the success of the construct, the SI grew throughout the 1980s and 1990s, as part of Martin Marietta and later Lockheed Martin, expanding into Northern Virginia and Maryland.[5] The SI was divested by Lockheed Martin in 2010 and acquired by private equity firm Veritas Capital.[6]

In 2012, the SI acquired PhaseOne Communications, a company that provides strategic communications services.[7] In 2013, the SI acquired Applied Communication Sciences. ACS has capabilities in cybersecurity and information assurance, network and operations, data analytics, advanced software and methodologies, wireless and mobility, application engineering and integration, smart grid, and optical networking and quantum technologies.[8]

In October 2013, the SI was notified by the US Air Force Space & Missile Systems Center (SMC) that it had submitted the winning proposal for SMC's follow-on GPS SE&I contract, supplanting incumbent Leidos (formerly SAIC) on the program it had managed since 2007.

In 2014 the SI acquired QinetiQ North America,[9] and soon thereafter, changed its name to Vencore.

In October 2017 it was announced that Vencore would merge with the U.S. Public Sector business of DXC Technology and with KeyPoint Government Solutions to create a new independent and publicly traded government contractor.[10] The newly formed company will be named Perspecta.[11] The merger completed and Perspecta Inc. began operations on June 1, 2018.[12] On August 1, 2019 Perspecta Inc. acquired Knight Point Systems [13]

References[edit]

  1. ^ "Vencore, Inc.: Private Company Information". Bloomberg. Retrieved 27 January 2017.
  2. ^ "The SI Organization is no more. Meet Vencore". Bizjournals.com. Retrieved 2017-01-27.
  3. ^ "Home". Thesiorg.com. Retrieved 27 January 2017.
  4. ^ "The SI Organization, Inc. becomes a Principal Member of the Open Geospatial Consortium - OGC". Opengeospatial.org. Retrieved 27 January 2017.
  5. ^ "Legacy | The SI Organization, Inc". Archived from the original on 2013-01-09. Retrieved 2013-01-09.
  6. ^ "Lockheed's EIG renamed The SI Organization -- Washington Technology". Washingtontechnology.com. Retrieved 27 January 2017.
  7. ^ "SI Organization buys intell firm -- Washington Technology". Washingtontechnology.com. Retrieved 27 January 2017.
  8. ^ "SI Org makes deal for part of Telcordia -- Washington Technology". Washingtontechnology.com. Retrieved 27 January 2017.
  9. ^ Jill R. Aitoro (2014-08-19). "Three months after acquiring QinetiQ North America unit, Vencore warns of layoffs from contract loss". bizjournals.com.
  10. ^ "DXC plans three-way deal to spin, then merge government business with Vencore and KeyPoint -- Washington Technology". Washington Technology. Retrieved 2017-11-16.
  11. ^ "Perspecta Revealed as Brand Name for Combined DXC USPS, Vencore and KeyPoint Business Following Merger Completion". Business Wire. Retrieved 24 May 2018.
  12. ^ "DXC Completes USPS Spin-Merger Transaction to Form Perspecta". NASDAQ.com. 2018-06-04. Retrieved 2019-08-01.
  13. ^ "Perspecta Completes Acquisition of Knight Point Systems". finance.yahoo.com. Retrieved 2019-08-02.