CACI Announces Intent to Acquire Delta Solutions
Acquisition Expands Government Transformation Solutions to Help
Federal Agencies Achieve Mission-Critical Benefits
ARLINGTON, Va.--(BUSINESS WIRE)--
CACI International Inc (NYSE:
CACI) announced today that it has signed a definitive agreement to
acquire Delta Solutions and Technologies, Inc., a premier provider of
financial management and business analytics services to the federal
government. This acquisition expands CACI's already strong presence in
the business system solutions and government transformation arenas and
complements its 2011 acquisition of the Oracle®-based Advanced Programs
Group. Closing is anticipated by July 1, 2012.
Founded in 1997, Delta Solutions is headquartered in Reston, Virginia.
Its 175 management consultants and IT specialists provide specialized
solutions with a focus in Federal Financial Management (FFM) systems
design, development, integration, and operations and maintenance. The
company has extensive experience implementing, integrating, and
enhancing major platforms, including Momentum® and SAP®, and it sustains
an active business analytics practice. Delta's key customers include
federal civilian agencies such as the Department of the Interior,
Department of Justice, Department of Veterans Affairs, and Department of
Housing and Urban Development. Its revenue for fiscal year 2011 was
$44.8 million. The acquisition is expected to be accretive to CACI's
earnings per share during its first 12 months.
Dan Allen, CACI President of U.S. Operations, said, "Financial
management systems are essential to the business operations of every
federal agency, and keeping the technology behind these systems
up-to-date is critical to mission success. CACI's acquisition of Delta
Solutions opens new growth opportunities in the high-priority area of
government transformation and enables us to serve an even greater share
of this multi-billion-dollar addressable market."
According to Paul Cofoni, CACI President and Chief Executive Officer,
"We are pleased to announce our intent to bring Delta Solutions into
CACI. Their solid growth, employee-centric culture, and first-rate
customer service make them an excellent fit for our company. Equally
important, Delta's client relationships in the federal civilian market
will reinforce our ability to win work that helps government agencies
reduce costs, increase transparency, and enhance accountability."
Delta Solutions and Technologies, Inc. President and Chief Executive
Officer Tim Matlack said, "We believe Delta Solutions is a great fit for
CACI because our cultures are similar and our core capabilities are both
focused on key federal priorities. We look forward to bringing our
experienced and committed team to CACI and growing together as we
provide high-value financial management services to federal customers."
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
business system solutions; C2 solutions; cyberspace solutions;
enterprise IT solutions; geospatial solutions; healthcare IT solutions;
identity management solutions; integrated security solutions;
investigation and litigation support; ISR solutions; knowledge
management solutions; logistics and material readiness; mobility
solutions; and program management and SETA support. 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
14,600 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 closing and
integration of our acquisition of Delta Solutions and Technologies,
actual revenue and earnings realized by Delta Solutions and Technologies
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, 2011, 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.
Oracle, Momentum, and SAP are registered trademarks of their respective
owners
CACI-Acquisition
CACI
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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