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Science Applications International Corporation (SAIC) has acquired SilverEdge for an undisclosed amount, marking a significant corporate acquisition in the financial technology sector. SilverEdge, known for its advanced payments technology and comprehensive financial solutions, will join SAIC's portfolio, enhancing the acquiring company's capabilities in digital transformation and business automation.
For over two decades, SilverEdge has provided secure, efficient, and connected financial solutions designed to simplify operations and fuel growth for its clients. Its platform offers a suite of services including payments and processing, accounts receivable and accounts payable automation, and payroll management, all supported by 24/7 live assistance. The company specializes in integrated systems that drive efficiency and accuracy, particularly catering to small and medium-sized businesses seeking transparent and streamlined payment processing.
This acquisition is strategically aligned with SAIC's focus on delivering cutting-edge technology and digital services. SilverEdge's expertise in financial automation and secure payment solutions complements SAIC's extensive experience in complex IT integration and digital transformation. The addition of SilverEdge's proven platform allows SAIC to broaden its offerings in financial operations, potentially extending these specialized capabilities to new and existing client bases and enhancing its value proposition in automated financial systems.
Expected synergies include leveraging SAIC’s scale and resources to further develop and deploy SilverEdge’s innovative financial technology. The combined entity aims to deliver more robust and integrated digital solutions that simplify financial complexities and accelerate growth for a wider range of organizations. This move positions SAIC to provide an even more comprehensive suite of digital and operational services, anticipating streamlined financial processes and improved efficiency across its expanded client base.