CACI Acquires Emergint - Analyst Blog
04 Dicembre 2012 - 11:30AM
Zacks
CACI International
Inc. (CACI) recently completed its previously announced
acquisition of Emergint Technologies, Inc.
Employing about 300 people with
headquarters in Louisville, Kentucky, Emergint provides emerging
technology solutions focused on the data-driven needs of national
health organizations.
The solution provided by Emergint
offers a wide range health data integration and analysis solutions,
management and IT consulting, and data and records management.
These healthcare-focused IT related services support the missions
of federal and state customers.
Founded in 1999, the company has
contract vehicles with key health-focused federal agencies,
including the Centers for Disease Control and Prevention, National
Institutes of Health, and U.S. Food and Drug Administration.
Emergint is expected to generate
revenues of $42 million in 2012 and CACI is hopeful about the
acquisition being accretive to the bottom line in the first twelve
months.
This acquisition builds on CACI’s
healthcare IT capability and expands its presence in the growing
healthcare IT market.
The acquisition appears to be
quite a profitable one for CACI International as it will strengthen
the company’s potential in the healthcare IT industry. Management
stated that with the support of Emergint’s data analytics services
and its strong associations with national health organizations, the
company is likely to fortify its foothold in the growing healthcare
IT arena. The acquisition of Emergint will thus pave the way for
new growth opportunities for the company in the critical healthcare
IT market.
Previously, CACI International
acquired Delta Solutions and Technologies Inc. for expanding its
business system solutions and government transformation arenas. The
company believes the acquisition of Delta Solutions will be vital
in the long run as the federal government continually focuses on
achieving clean audit opinions while making better spending
decisions.
Meanwhile, earnings estimates for
2013 have been more or less static in the last few days after the
company reported in line results for the first quarter.
Hence, we maintain our Neutral
recommendation on CACI International which competes with bigwigs
like CGI Group, Inc. (GIB) and ManTech
International Corporation (MANT).
Our recommendation is supported
by a Zacks #3 Rank, which translates into a short-term ‘Hold’
rating.
CACI INTL A (CACI): Free Stock Analysis Report
CGI GRP INC -A (GIB): Free Stock Analysis Report
MANTECH INTL -A (MANT): Free Stock Analysis Report
To read this article on Zacks.com click here.
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