ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has completed its transaction to acquire Pangia Technologies, LLC. Pangia is a software engineering company that provides technical solutions in the areas of computer network operations, information assurance, mission systems, software and systems engineering, and IT infrastructure support. This acquisition furthers CACI’s growth in cybersecurity solutions and increases its already strong presence in the Intelligence Community.
Founded in 1999, Pangia has 110 employees and is headquartered in Fulton, Maryland. Pangia’s work has high technical content and includes application development, systems vulnerability auditing and threat analysis, intrusion detection engineering, system security architecture design and development, broadly based software development, and design, development, and support for key systems through their lifecycle. Pangia has contract vehicles with key members of the Intelligence Community, the Department of Homeland Security, the United States Air Force, and the United States Navy. In calendar year 2010, the company’s revenue was $18.7 million. The acquisition is expected to be accretive to CACI’s earnings per share during its first 12 months.
CACI President of U.S. Operations Bill Fairl said, “Pangia Technologies is a terrific addition to CACI’s cybersecurity and software engineering practice. We are very pleased to welcome their innovative and highly experienced workforce into CACI, and we look forward to their contributions as we expand our presence in the Intelligence Community.”
According to Paul Cofoni, CACI President and Chief Executive Officer, “The acquisition of Pangia Technologies is particularly important to CACI’s focus on building our business in the vitally important area of cybersecurity. Pangia’s technology and demonstrated success in solving difficult intelligence problems will help us continue to meet the strong demand for high-value cybersecurity solutions that are essential to our nation’s security.”
CACI provides professional services and IT solutions needed to prevail in the areas of defense, intelligence, homeland security, and IT modernization and government transformation. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR solutions; cyber solutions; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 13,700 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 integration of our acquisition of Pangia Technologies, actual revenue and earnings realized by Pangia and the performance of the cybersecurity 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, 2010, 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.