ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has completed its transaction to acquire Paradigm Holdings, Inc. (OTC: PDHO), the parent of Paradigm Solutions Corporation. Paradigm provides cybersecurity and enterprise IT solutions to clients in federal civilian agencies, the Department of Defense, and the Intelligence Community. The acquisition expands the cyberspace solutions CACI offers to help its government clients respond to persistent threats to national security, and continues to increase the company’s strong presence in supporting national security missions.
Paradigm is headquartered in Rockville, Maryland and has approximately 185 highly credentialed employees. The company’s specific offerings range from cybersecurity and software engineering to cyber operations that include network security monitoring, designing and upgrading data centers, and managing security and network operations centers. Major clients include the Federal Aviation Administration, Defense Information Systems Agency, and the Departments of State, Energy, and Treasury. Paradigm’s revenue for calendar year 2011 is projected to be $55 million. CACI paid $61.5 million for Paradigm. The acquisition is expected to be accretive to CACI’s earnings per share during its first 12 months.
According to CACI President of U.S. Operations Bill Fairl, “We welcome the talented Paradigm employees to CACI. With their dedication to employee opportunity, business growth, and the security of our nation, the people of Paradigm are a great match for CACI. They bring new clients, more ways to innovate and serve our current clients, and strong competitive capabilities as we go forward.”
Paul Cofoni, CACI President and Chief Executive Officer, said, “The acquisition of Paradigm expands CACI’s capability to provide cyberspace solutions that our government needs to counter persistent threats to national security. It demonstrates the successful execution of our strategy to create differentiating value for our clients and reflects our strategic focus on solutions that, even in a challenging budgetary environment, are in high demand to support critical national needs.”
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 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 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 13,900 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 Paradigm, actual revenue and earnings realized by Paradigm 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, 2011, Paradigm's Annual Report on Form 10-K for the fiscal year ended December 31, 2010, and other such filings that CACI and Paradigm make 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.