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.
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