ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has signed a definitive agreement to acquire Advanced Programs Group, LLC, an Oracle Platinum Partner and leading provider of Oracle e-Business services in the federal market. This acquisition expands CACI’s already strong presence in the business and government transformation arenas. Closing is anticipated by October 1, 2011.
Founded in 2004, Advanced Programs Group (APG) has 110 employees and is headquartered in Reston, Virginia. The company’s services include Oracle e-Business Suite (EBS) implementations, IT program management, enterprise architecture, and security services. APG manages the entire lifecycle of an Oracle implementation – including the design, configuration, testing, deployment, maintenance, and enhancement phases – and is one of the only companies to successfully upgrade federal clients to the latest Oracle EBS release. APG’s Oracle solutions are critical to their clients’ mission success and provide benefits such as transparency into financials and efficiency in managing taxpayer dollars. Ultimately, Oracle’s EBS systems allow federal agencies to make good spending decisions, ensuring a better use of funds in this limited budget environment.
APG has contract vehicles with several key civilian and Department of Defense clients, including the National Institutes of Health (NIH) and the Department of the Interior’s (DOI) National Business Center (NBC), a shared service center that provides financial systems for multiple government agencies. APG’s revenue in calendar year 2010 was $41.9 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, “We are pleased to bring Advanced Programs Group into the CACI team. Their deep pool of functional and technical talent and access to large, integrated programs will greatly enhance our business transformation capabilities. APG is also a good fit for the CACI culture because, like us, they are trusted advisors in providing thought leadership and high-value solutions for their clients.”
Paul Cofoni, CACI President and Chief Executive Officer, stated, “Our acquisition of Advanced Programs Group makes CACI one of the largest federal Oracle providers and the only Federal Shared Service Provider in both the financial and contract lifecycle management business areas. APG’s leading Oracle application experience and diversified client base will help us continue to expand our business system solutions and government transformation offerings and services in the federal sector. We are thrilled to work with them as we provide proven solutions that will help our clients achieve efficiency, accountability, transparency, and compliance.”
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 14,100 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 closing and integration of our acquisition of Advanced Programs Group, actual revenue and earnings realized by Advanced Programs Group and the performance of business transformation services in the federal sector 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, 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.
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