CACI Acquires IDL Solutions, Inc.
02 Gennaio 2013 - 2:08PM
Business Wire
CACI International Inc (NYSE: CACI) announced today that it has
acquired IDL Solutions, Inc., a leading provider of information
technology solutions, applications, and mission-critical systems
support to healthcare IT clients and other civilian agencies. This
acquisition expands CACI’s presence in the $33.5 billion
addressable healthcare market and the federal health insurance area
in particular, and complements its November 2012 acquisition of
healthcare IT provider Emergint Technologies, Inc.
Founded in 1993, IDL Solutions has over 100 employees and is
headquartered in Germantown, Wisconsin with federal offices in
Reston, Virginia. The company leverages “big data” analytics to
help healthcare organizations gain new insights from large volumes
of health data, which in turn drives cost-effective business
processes, improves patient care, and increases mission success.
Its workforce has extensive experience in application development,
data analytics, and business automation and IT support. The company
has achieved the Software Engineering Institute’s globally
recognized, independent assessment of CMMI® Level 3.
IDL Solutions has major contract vehicles at the Department of
Health and Human Services (HHS), specifically with the Centers for
Medicare and Medicaid Services, Food and Drug Administration, and
National Institutes of Health. Its 2012 revenue is expected to be
approximately $18.5 million, and the acquisition is expected to be
slightly accretive to CACI’s earnings per share during its first 12
months. Terms of the transaction were not disclosed.
John Mengucci, CACI Chief Operating Officer and President of
U.S. Operations, said, “With our acquisition of IDL Solutions, CACI
has specialized capabilities to address the challenges of clients
in the federal civilian healthcare and health insurance spaces. In
particular, IDL Solutions’ expertise in big data will enable us to
provide the critical data collection, storage, analysis, and
dissemination capabilities that enable healthcare organizations to
improve customer service, minimize fraudulent activities, and
promote better patient care.”
According to Dan Allen, CACI President and Chief Executive
Officer, “CACI’s acquisition of IDL Solutions, coupled with our
recent acquisition of Emergint Technologies, is an important step
in our strategy to build CACI’s healthcare IT business. This
acquisition falls under our newly formed Federal Civilian Solutions
business group, which includes healthcare, and aligns with our
ongoing growth strategy to gain a larger share of the rapidly
growing Healthcare IT market.”
IDL Solutions, Inc. President and Chief Executive Officer Baly
Ambegaoker said, “We look forward to bringing our committed team
and healthcare analytics capabilities to CACI and growing together
as we continue to address mission challenges across the federal
healthcare IT landscape.”
CACI provides information solutions and services in support of
national security missions and government transformation for
Intelligence, Defense, and Federal Civilian clients. A member of
the Fortune 1000 Largest Companies and the Russell 2000 Index, CACI
provides dynamic careers for approximately 14,900 employees working
in over 120 offices worldwide. Visit www.caci.com.
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 IDL Solutions, actual revenue and earnings realized
by IDL Solutions 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, 2012, 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.
CMMI is registered in the U.S. Patent and Trademark Office by
Carnegie Mellon University
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