Monday, CACI International Inc (CACI), a provider of IT service to the government, announced the completion of its acquisition of Camarillo, California-based SystemWare, Inc., a provider of signals acquisition and analysis systems to detect vulnerabilities to cyber security and physical security.
SystemWare has the Department of Defense and other intelligence organizations as its clients with revenues of $16 million in 2009. The acquisition is expected to be accretive to CACI's earnings during its first 12 months.
Bill Fairl, CACI's president of U.S. Operations, said, "We're pleased to bring SystemWare, Inc. into the CACI family. SystemWare's products and services complement CACI's information technology solutions and professional services to give us innovative new ways to help our clients solve their greatest challenges."
Paul Cofoni, chief executive officer of CACI, said, "CACI continues to lead as a strategic IT consolidator, enhancing shareholder value with our strategy of leveraging mergers and acquisitions to gain new capabilities and clients. Our acquisition of SystemWare is particularly important to our ongoing focus on meeting the strong demand for solutions in counterintelligence and cybersecurity, where we look forward to offering SystemWare's proven high-value solutions."
CACI closed Monday's regular trading at $48.01, up $0.04 or 0.08%, on a volume of 266 thousand shares on the New York Stock Exchange.
| || |
| To receive FREE breaking news email alerts for CACI International Inc. and others in your portfolio|
by RTT Staff Writer
For comments and feedback: email@example.com