CACI Completes Acquisition of Dragon Development Corporation
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Expands CACI's Services and Solutions for Intelligence Community
ARLINGTON, Va., Nov. 1 - CACI International Inc (NYSE:CAI) announced today that it has completed its transaction to acquire Dragon Development Corporation (DDC). DDC provides professional, technical, and engineering services to the Intelligence Community.
Headquartered in Columbia, Maryland, DDC has more than 75 employees, virtually all of whom hold high-level Top Secret clearances. DDC's core business areas are in systems and software engineering; operations research and systems analysis; advanced research and development support; and program, business, and acquisition management. DDC expects to exceed $32 million in revenue for calendar year 2007.
According to CACI President of U.S. Operations Bill Fairl, "The acquisition of Dragon Development Corporation expands CACI's capabilities as a leading solutions-provider to clients in the Intelligence Community. DDC's professional, technical, and engineering services nicely complement CACI's information technology and professional services solutions to provide additional new ways we can help our clients carry out their critical missions."
Paul Cofoni, CACI President and Chief Executive Officer, stated, "We look forward to welcoming the talented individuals from Dragon Development Corporation. DDC is a good match with our client-centered culture of quality and excellence, and our dedication to our nation's most important missions in defeating terrorism. We intend to continue DDC's rapid growth, and DDC's clients will benefit from a seamless transition to Team CACI. With this transaction, CACI continues to execute on our growth plan to expand the valuable capabilities we provide to our clients while enhancing the returns we deliver to our shareholders."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of national security, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of national security and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 10,700 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world.
Visit CACI on the web at www.caci.com.
Source: CACI International Inc
CONTACT:
Jody Brown, Executive Vice
+President,
Public Relations, +1-703-841-7801, jbrown@caci.com
Web site: www.caci.com/
