CACI Announces Intent to Acquire Delta Solutions
21 Giugno 2012 - 2:30PM
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
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