ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has completed its transaction to acquire Delta Solutions and Technologies, Inc., a premier provider of financial management and business services to the federal government. This acquisition expands CACI’s already strong presence in the business system solutions and government transformation arenas and complements its 2011 acquisition of the Oracle®-based Advanced Programs Group.
Founded in 1997, Delta Solutions is headquartered in Reston, Virginia. Its 175 management consultants and IT specialists provide specialized solutions with a focus in Federal Financial Management (FFM) systems design, development, integration, and operations and maintenance. The company has extensive experience implementing, integrating, and enhancing major platforms, including Momentum® and SAP®, and it sustains an active business analytics practice. Delta Solutions’ key customers include federal civilian agencies such as the Department of the Interior, Department of Justice, Department of Veterans Affairs, and Department of Housing and Urban Development. Its revenue for fiscal year 2011 was $44.8 million. The acquisition is expected to be accretive to CACI’s earnings per share during its first 12 months.
CACI Chief Operating Officer and President of U.S. Operations John S. Mengucci said, “We are proud to welcome the highly skilled Delta Solutions employees to CACI. Their expertise, commitment, and entrepreneurial spirit make them a great fit for our company and culture. We look forward to working with them as we provide business system solutions that bring measurable benefits to government agencies.”
According to Dan Allen, CACI President and Chief Executive Officer, “As the federal government increasingly focuses on achieving clean audit opinions and making better spending decisions, Delta Solutions is an excellent addition to the CACI team. Their deep financial management domain knowledge and established relationships with federal civilian agencies will help us to win even more work in the multi-billion-dollar government transformation market.”
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 business system solutions; C2 solutions; cyberspace solutions; enterprise IT solutions; geospatial solutions; healthcare IT solutions; identity management solutions; integrated security solutions; investigation and litigation support; ISR solutions; knowledge management solutions; logistics and material readiness; mobility solutions; and program management and SETA support. 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 14,600 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 Delta Solutions and Technologies, actual revenue and earnings realized by Delta Solutions and Technologies 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, 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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