CACI to Buy Advanced Programs LLC - Analyst Blog
26 Settembre 2011 - 7:35PM
Zacks
CACI International Inc (CACI) recently
announced that it has signed a definitive agreement to acquire
Advanced Programs Group, LLC.
Headquartered in Reston, Virginia and founded in 2004, Advanced Programs Group (APG) currently
employs 110 people.
APG’s services include Oracle e-Business Suite (EBS)
implementations, IT program management, enterprise architecture,
and security services.
Advanced Programs Group (APG) provided Oracle e-business
services in the federal market. APG manages the entire lifecycle of
an Oracle implementation – including the design, configuration,
testing, deployment, maintenance, and enhancement phases and has
successfully upgraded federal clients to the latest Oracle EBS
release.
Management expects the acquisition of APG will expand the
company’s presence in the business and government transformation
arenas. APG has contract vehicles with several key civilian and
Department of Defense clients, including the National Institutes of
Health (NIH) and the Department of the Interior’s (DOI) National
Business Center (NBC).
The transaction, expected to be completed by October 1, 2011, is
expected to be accretive to CACI’s bottom-line during its first 12
months.
Earlier in the month, CACI International completed the
acquisition of Paradigm Holdings, Inc., the parent of Paradigm
Solutions Corporation. Headquartered in Rockville, Maryland,
Paradigm Holdings provides cybersecurity and enterprise IT
solutions to federal civilian agencies, the Defense Department and
the intelligence community.
The acquisition is expected to expand the cyberspace solutions
CACI offers to help its government clients respond to persistent
threats to national security and increase its strong presence in
supporting national security missions.
Having 185 employees with strong credentials, Paradigm generated
revenues of $55 million for calendar year 2011. Paradigm clients
include the Federal Aviation Administration, Defense Information
Systems Agency, and the Departments of State, Energy and
Treasury.
Paradigm will support CACI’s strategy of providing integrated
solutions for cyber operations and enterprise IT/security
engineering. Furthermore, CACI would increase its support for
national security missions.
The acquisition will be completed in the fall of 2011.
Management stated that the acquisition will be accretive to CACI’s
earnings per share during its first 12
months.
We continue to have an Outperform recommendation on CACI
International (CACI). Our recommendation is supported by a Zacks #1
Rank which translates into a short-term rating of
Buy.
CACI INTL A (CACI): Free Stock Analysis Report
Zacks Investment Research
Grafico Azioni CACI (NYSE:CACI)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni CACI (NYSE:CACI)
Storico
Da Lug 2023 a Lug 2024