CACI Completes Acquisition of Paradigm Holdings, Inc.
September 01 2011 - 4:18PM
Business Wire
CACI International Inc (NYSE: CACI) announced today that it has
completed its transaction to acquire Paradigm Holdings, Inc. (OTC:
PDHO), the parent of Paradigm Solutions Corporation. Paradigm
provides cybersecurity and enterprise IT solutions to clients in
federal civilian agencies, the Department of Defense, and the
Intelligence Community. The acquisition expands the cyberspace
solutions CACI offers to help its government clients respond to
persistent threats to national security, and continues to increase
the company’s strong presence in supporting national security
missions.
Paradigm is headquartered in Rockville, Maryland and has
approximately 185 highly credentialed employees. The company’s
specific offerings range from cybersecurity and software
engineering to cyber operations that include network security
monitoring, designing and upgrading data centers, and managing
security and network operations centers. Major clients include the
Federal Aviation Administration, Defense Information Systems
Agency, and the Departments of State, Energy, and Treasury.
Paradigm’s revenue for calendar year 2011 is projected to be $55
million. CACI paid $61.5 million for Paradigm. The acquisition is
expected to be accretive to CACI’s earnings per share during its
first 12 months.
According to CACI President of U.S. Operations Bill Fairl, “We
welcome the talented Paradigm employees to CACI. With their
dedication to employee opportunity, business growth, and the
security of our nation, the people of Paradigm are a great match
for CACI. They bring new clients, more ways to innovate and serve
our current clients, and strong competitive capabilities as we go
forward.”
Paul Cofoni, CACI President and Chief Executive Officer, said,
“The acquisition of Paradigm expands CACI’s capability to provide
cyberspace solutions that our government needs to counter
persistent threats to national security. It demonstrates the
successful execution of our strategy to create differentiating
value for our clients and reflects our strategic focus on solutions
that, even in a challenging budgetary environment, are in high
demand to support critical national needs.”
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 13,900 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
Paradigm, actual revenue and earnings realized by Paradigm and the
performance of the cybersecurity 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, Paradigm's Annual Report on Form
10-K for the fiscal year ended December 31, 2010, and other such
filings that CACI and Paradigm make 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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