CACI International Inc · 1100 North Glebe Road · Arlington Virginia 22201
CACI Announces Intent to Acquire Applied Systems Research, Inc.
Acquisition Diversifies CACI Capabilities in Technical Intelligence
Arlington, VA, October 26, 2010 - CACI International Inc (NYSE:CACI) announced today that it has signed a definitive agreement to acquire Applied Systems Research, Inc. (ASR), a proven provider of technical services and products to the Intelligence Community. This acquisition complements CACI's recently announced intent to acquire TechniGraphics, Inc., furthering its growth in the geospatial and technical intelligence disciplines. Closing is anticipated on November 1, 2010.
Founded in 1999, ASR is a 50-person company headquartered in Fairfax, Virginia. It is expected to generate almost $10 million in revenue in calendar year 2010. The company's Measurements and Signatures Intelligence (MASINT) discipline provides solutions to difficult spatial, spectral, and technical intelligence tasks. By employing complex scientific and mathematical computations, ASR converts data into useable intelligence for policymakers and warfighters. The company's core competencies include radar and infrared imaging and interpretation, passive radio frequency signatures, chemical and biological sensors, acoustic sensors, and asymmetric threat detection methodologies. ASR is also a leading provider of professional services at the National Geospatial-Intelligence Agency (NGA). Its geospatial intelligence (GEOINT) support includes transformational technologies such as advanced geospatial intelligence. ASR has been successful in winning prime positions on two major full-and-open contracts with two different customers. They also recently won a task order that will add over 40 people, including subcontractors, to their workforce. About 90 percent of ASR employees have high-level special security clearances, about two-thirds of the workforce has more than 20 years of experience in their fields, and 40 percent have master's degrees or PhDs.
CACI's acquisition of ASR complements and strengthens its existing capabilities, demonstrated performance, and mission execution in the expanding MASINT and GEOINT arenas. ASR brings the scientific expertise necessary to solve complex problems. Combined with TechniGraphics' imagery services, ASR's technical capabilities will allow CACI to provide end-to-end solutions in the imagery and geospatial realm.
CACI President of U.S. Operations Bill Fairl said, "CACI is very pleased to announce the intent to acquire Applied Systems Research. Their strong growth and ability to win major contracts against intense large business competition is a clear demonstration of their technical competence and the quality of their people. They will be a tremendous addition to CACI's intelligence offerings and strengthen our presence in the technical intelligence area."
Paul Cofoni, CACI President and CEO, stated, "Acquisition of Applied Systems Research is another important step in our phased and orchestrated approach to growing our intelligence business. Combined with our recently announced intent to acquire TechniGraphics, this acquisition makes CACI a key provider of geospatial and technical intelligence to multiple agencies within the national Intelligence Community. ASR's science, technology, and modeling and simulation expertise bolsters our ability to solve difficult problems in support of intelligence missions that are vital to our nation's security."
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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