CACI International Inc · 1100 North Glebe Road · Arlington Virginia 22201
CACI Announces Intent to Acquire TechniGraphics, Inc.
Acquisition to Expand CACI Capabilities in Geospatial Intelligence
Arlington, VA, October 18, 2010 - CACI International Inc (NYSE:CACI) announced today that it has signed a definitive agreement to acquire TechniGraphics, Inc., a leading provider of imagery and geospatial services, including digital maps, to the U.S. Intelligence Community. TechniGraphics' products form the basis for intelligence analysis, military operational planning, disaster relief planning, and operations and other mapping requirements. This acquisition solidifies CACI's competency in the mission-critical intelligence space and sustains a long-term commitment to sophisticated intelligence solutions. Closing is anticipated by November 1, 2010.
Founded in 1982, TechniGraphics is a 450-person company headquartered in Wooster, Ohio, with additional locations in Fort Collins, Colorado and Madrid, Spain. TechniGraphics provides mission-essential geospatial data, services and solutions. They have distinguished themselves on long-term contracts through dynamic management, quality production, and introduction of intellectual property to enhance IT solutions. TechniGraphics has a seasoned management team with refined insights into evolving needs and capabilities within government and industry. Their highly developed recruiting and training model attracts exceptional talent that is then trained at "TechniGraphics University." Approximately 85 percent of their employees possess security clearances and the company's principal customers are the U. S. Intelligence Community, Department of Defense, Department of Homeland Security, and allied governments. TechniGraphics' revenue in calendar year 2010 is expected to be $46 million. The acquisition is expected to be solidly accretive to CACI's earnings per share during its first 12 months.
Acquisition of TechniGraphics furthers CACI's strategy to grow and invest in capabilities that serve the intelligence market. Key elements of this strategy are to diversify CACI's work and offerings within the Intelligence Community, focus on core intelligence mission areas with particular emphasis on those that are enduring, and develop capabilities in market segments adjacent to those where CACI has a presence. TechniGraphics increases CACI's already strong presence in this arena and adds an essential geospatial element to its core competencies.
CACI President of U.S. Operations Bill Fairl said, "We are pleased to announce our intent to bring TechniGraphics, Inc into CACI. Their strong revenue growth is a clear demonstration of their quality performance, superb leadership and highly professional workforce. The company's culture and emphasis on their customers' mission success makes them a perfect fit for CACI."
Paul Cofoni, CACI President and Chief Executive Officer, stated, "Acquisition of TechniGraphics makes CACI a prominent provider of geospatial data for the Intelligence Community and those it serves. This move into a core intelligence mission area affirms our commitment to providing and building world-class intelligence capabilities and builds on more than a decade of experience providing end-to-end intelligence solutions for our government customer base. We look forward to integrating TechniGraphics into CACI and optimizing growth opportunities in imagery and geospatial products and services for the Intelligence Community and other customer spaces."
CACI provides professional services and IT solutions needed for 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 services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 12,900 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 following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from a prolonged recession; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; changes in our effective tax rate; valuation of contingent consideration in connection with business combinations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq, or an economic stimulus package; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; the results of government audit and reviews conducted by the Defense Contract Audit Agency or other governmental entities with cognizant oversight; the insourcing of contractor positions by the government; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); market speculation regarding our continued independence; material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; the ability to integrate the operations of our recent acquisitions; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the Company's Securities and Exchange Commission filings.
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