CACI Completes Acquisition of Athena Innovative Solutions, Inc.
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Expands Services and Solutions to Intelligence Community and National Security Clients
ARLINGTON, Va., Oct. 31 - CACI International Inc (NYSE:CAI) announced today that it has completed its transaction to acquire Athena Innovative Solutions, Inc. from Veritas Capital. Athena provides specialized services and solutions to the Intelligence Community and national security clients.
Athena is headquartered in Arlington, Virginia, with offices in Northern Virginia, Charlottesville, and Tampa, Florida. The company has approximately 600 full-time professionals, the majority of whom possess security clearances at the Top Secret level, or above. The organization brings expertise in five core competencies: human intelligence, counterintelligence, counterterrorism, all-source analysis, and strategic policy development. More than 90 percent of Athena's services are provided on-site at customer locations throughout the U.S. and abroad. Athena's revenue is expected to be approximately $110 million for the calendar year ending December 2007. The transaction is expected to be slightly accretive over the next 12 months.
CACI President of U.S. Operations Bill Fairl said, "Athena Innovative Solutions increases the range of highly specialized professional services and solutions CACI offers to help our government clients counter global terrorism. Athena's offerings complement our CACI core competencies in information technology and professional services, and enable us to provide increasingly comprehensive support for our nation's highest priorities in intelligence and national security."
According to CACI President and Chief Executive Officer Paul Cofoni, "The acquisition of Athena Innovative Solutions demonstrates CACI's continued leadership as a strategic consolidator in the federal government market. Athena is a great fit with our CACI culture and dedicated, client-focused employees. We look forward to a seamless integration into Team CACI and uninterrupted support for Athena's important clients. Athena has a strong growth record that we intend to continue, as we leverage Athena's capabilities into valuable solutions for our clients and high returns for 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 http://www.caci.com/.
Source: CACI International Inc
CONTACT:
Jody Brown, Executive Vice
+President,
Public Relations, +1-703-841-7801, jbrown@caci.com
Web site: http://www.caci.com/
