CACI Announces Intent to Acquire Emergint Technologies, Inc.
Acquisition Expands Healthcare IT Capabilities
ARLINGTON, Va.--(BUSINESS WIRE)--
CACI International Inc (NYSE:
CACI) announced today that it has signed a definitive agreement to
acquire Emergint Technologies, Inc., a premier provider of emerging
technology solutions focused on the data-driven needs of national health
organizations. This acquisition builds on CACI's healthcare IT
capability and expands its presence in the growing healthcare IT market.
Closing is anticipated by December 1, 2012.
Founded in 1999, Emergint is headquartered in Louisville, Kentucky. Its
300 professionals deliver a wide range of healthcare-focused IT-related
services that support the missions of federal and state customers. The
company has extensive experience providing health data integration and
analysis solutions, data analytics, management and IT consulting, and
data and records management. Emergint's key customers include
health-focused federal agencies such as the Centers for Disease Control
and Prevention, National Institutes of Health, and U.S. Food and Drug
Administration. Its 2012 revenue is expected to be approximately $42
million, and the acquisition is expected to be accretive to CACI's
earnings per share during its first 12 months.
John Mengucci, CACI Chief Operating Officer and President of U.S.
Operations, said, "We are pleased to announce our intent to bring
Emergint Technologies, Inc. into CACI. Their exceptional team,
uncompromising commitment to integrity, and first-rate customer
accountability make them a great fit for our company. Equally important,
Emergint's data analytics capability and long-standing relationships
with national health organizations will expand our ability to provide
quality healthcare IT solutions in support of our customers' strategic
According to Dan Allen, CACI President and Chief Executive Officer, "The
federal government is increasingly requiring high-value solutions to
improve healthcare IT practices and systems that will, in turn,
contribute to the public health and safety of our nation's citizens.
CACI's acquisition of Emergint opens new opportunities in our
high-growth healthcare IT market and enables us to serve an even greater
share of this market."
Emergint Technologies, Inc. President and Chief Executive Officer Gil
Delgado said, "We look forward to bringing our committed team to CACI
and growing together as we provide critical healthcare IT solutions that
increase information exchange and interoperability and deliver improved
results for our clients in the healthcare arena."
CACI provides information solutions and services in support of national
security missions and government transformation for Intelligence,
Defense, and Federal Civilian clients. A member of the Fortune 1000
Largest Companies and the Russell 2000 Index, CACI provides dynamic
careers for approximately 14,900 employees working in over 120 offices
worldwide. Visit www.caci.com.
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 closing and
integration of our acquisition of Emergint, actual revenue and earnings
realized by Emergint and the performance of the financial management and
business services 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,
2012, and other such filings that CACI makes 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 International Inc
Corporate Communications and Media:
Brown, Executive Vice President, Public Relations
David Dragics, Senior Vice President, Investor Relations
Source: CACI International Inc
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