CACI Completes Acquisition of Paradigm Holdings, Inc.
Expands Cyberspace Solutions to Help Government Meet Persistent
Threats to National Security
ARLINGTON, Va.--(BUSINESS WIRE)--
CACI International Inc (NYSE:
CACI) announced today that it has completed its transaction to
acquire Paradigm Holdings, Inc. (OTC: PDHO), the parent of Paradigm
Solutions Corporation. Paradigm provides cybersecurity and enterprise IT
solutions to clients in federal civilian agencies, the Department of
Defense, and the Intelligence Community. The acquisition expands the
cyberspace solutions CACI offers to help its government clients respond
to persistent threats to national security, and continues to increase
the company's strong presence in supporting national security missions.
Paradigm is headquartered in Rockville, Maryland and has approximately
185 highly credentialed employees. The company's specific offerings
range from cybersecurity and software engineering to cyber operations
that include network security monitoring, designing and upgrading data
centers, and managing security and network operations centers. Major
clients include the Federal Aviation Administration, Defense Information
Systems Agency, and the Departments of State, Energy, and Treasury.
Paradigm's revenue for calendar year 2011 is projected to be $55
million. CACI paid $61.5 million for Paradigm. The acquisition is
expected to be accretive to CACI's earnings per share during its first
12 months.
According to CACI President of U.S. Operations Bill Fairl, "We welcome
the talented Paradigm employees to CACI. With their dedication to
employee opportunity, business growth, and the security of our nation,
the people of Paradigm are a great match for CACI. They bring new
clients, more ways to innovate and serve our current clients, and strong
competitive capabilities as we go forward."
Paul Cofoni, CACI President and Chief Executive Officer, said, "The
acquisition of Paradigm expands CACI's capability to provide cyberspace
solutions that our government needs to counter persistent threats to
national security. It demonstrates the successful execution of our
strategy to create differentiating value for our clients and reflects
our strategic focus on solutions that, even in a challenging budgetary
environment, are in high demand to support critical national needs."
Celebrating our 50th year in business, CACI sustains an exceptional
record of success by providing professional services and IT solutions
needed to prevail in the areas of defense, intelligence, homeland
security, and IT modernization and government transformation. We deliver
enterprise IT and network services; data, information, and knowledge
management services; business system solutions; logistics and material
readiness; C4ISR solutions; cyber solutions; integrated security and
intelligence solutions; and program management and SETA support
services. CACI solutions help federal clients provide for national
security, improve communications and collaboration, secure information
systems and networks, enhance data collection and analysis, and increase
efficiency and mission effectiveness. A member of the Fortune 1000
Largest Companies and the Russell 2000 index, CACI provides dynamic
careers for approximately 13,900 employees working in over 120 offices
in the U.S. and Europe. Visit CACI on the web at www.caci.com
and www.asymmetricthreat.net.
There are statements made herein which do not address historical
facts, and therefore could be interpreted to be forward-looking
statements as that term is defined in the Private Securities Litigation
Reform Act of 1995. Such statements are subject to factors that could
cause actual results to differ materially from anticipated results. The
factors that could cause actual results to differ materially from those
anticipated include, but are not limited to, the successful integration
of our acquisition of Paradigm, actual revenue and earnings realized by
Paradigm and the performance of the cybersecurity business as well as
the risk factors set forth in CACI's Annual Report on Form 10-K for the
fiscal year ended June 30, 2011, Paradigm's Annual Report on Form 10-K
for the fiscal year ended December 31, 2010, and other such filings that
CACI and Paradigm make with the Securities and Exchange Commission from
time to time. Any forward-looking statements should not be unduly relied
upon and only speak as of the date hereof.
CACI-Acquisition
CACI International Inc
Corporate Communications and Media:
Jody
Brown, Executive Vice President, Public Relations
703-841-7801
jbrown@caci.com
or
Investor
Relations:
David Dragics, Senior Vice President, Investor Relations
866-606-3471
ddragics@caci.com
Source: CACI International Inc
News Provided by Acquire Media
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