CACI Acquires Enterprise Modernization and Secure Communications Provider ID Technologies
26 Gennaio 2022 - 10:17PM
Business Wire
CACI International Inc (NYSE: CACI) announced today it acquired
Ashburn, Virginia-based ID Technologies, an innovative enterprise
IT, Infrastructure-as-a-Service, and network modernization provider
with NSA-compliant Commercial Solutions for Classified (CSfC)
technology. The acquisition of ID Technologies expands CACI’s
secure network modernization capabilities with CSfC software
equipping U.S. Government workers with modern devices to operate
virtually anywhere within essential systems that are vital to
national security. Additionally, CACI will leverage ID
Technologies’ capabilities in product and engineering solutions to
deliver cloud, network, and end-user initiatives to customers.
The combined companies will offer Department of Defense, federal
civilian agencies, and Intelligence Community customers with
complementary software- and Agile-at-scale solutions that support
next generation use cases, including digital transformation, mobile
and tactical solutions at the edge, and space. With ID
Technologies’ CSfC-compliant solutions, customers can support more
dispersed workforces by directly addressing today’s secure network
and remote access challenges while also leveraging scalable,
repeatable technology to deliver the future of network
modernization.
John Mengucci, CACI President and Chief Executive Officer, said,
“The joining of our companies enhances CACI's technology for both
enterprise and mission customers who require CSfC-compliant device
solutions and access to sensitive or classified data from remote
locations. With ID Technologies, CACI can accelerate end-user
mobility and the use of communication outside of secure
government-run facilities using secure software-at-scale. ID
Technologies' innovative offerings include
Infrastructure-as-a-Service business models making it easy for
customers to embrace the technology and positioning CACI to expand
the customer portfolio."
Prior to the acquisition, ID Technologies was part of The Acacia
Group (“Acacia”) portfolio. Gibson, Dunn & Crutcher served as
legal advisors to CACI on the transaction. The acquisition closed
on December 29, 2021 with a total purchase consideration of $225
million.
About CACI
CACI’s approximately 22,000 talented employees are vigilant in
providing the unique expertise and distinctive technology that
address our customers’ greatest enterprise and mission challenges.
Our culture of good character, innovation, and excellence drives
our success and earns us recognition as a Fortune World's Most
Admired Company. As a member of the Fortune 500 Largest Companies,
the Russell 1000 Index, and the S&P MidCap 400 Index, we
consistently deliver strong shareholder value. Visit us at
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 risk factors set forth in CACI’s Annual Report on
Form 10-K for the fiscal year ended June 30, 2021, 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.
CACI-Acquisition
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version on businesswire.com: https://www.businesswire.com/news/home/20220126005842/en/
Corporate Communications and Media: Jody Brown, Executive Vice
President, Public Relations (703) 841-7801, jbrown@caci.com
Investor Relations: Daniel Leckburg, Senior Vice President,
Investor Relations (703) 841-7666, dleckburg@caci.com
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