CACI Announces Intent to Acquire Emergint Technologies, Inc.
Acquisition Expands Healthcare IT Capabilities
ARLINGTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE: CACI) announced today that it has signed a definitive agreement to acquire Emergint Technologies, Inc., a premier provider of emerging technology solutions focused on the data-driven needs of national health organizations. This acquisition builds on CACI's healthcare IT capability and expands its presence in the growing healthcare IT market. Closing is anticipated by December 1, 2012.
Founded in 1999, Emergint is headquartered in Louisville, Kentucky. Its 300 professionals deliver a wide range of healthcare-focused IT-related services that support the missions of federal and state customers. The company has extensive experience providing health data integration and analysis solutions, data analytics, management and IT consulting, and data and records management. Emergint's key customers include health-focused federal agencies such as the Centers for Disease Control and Prevention, National Institutes of Health, and U.S. Food and Drug Administration. Its 2012 revenue is expected to be approximately $42 million, and the acquisition is expected to be accretive to CACI's earnings per share during its first 12 months.
John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, said, "We are pleased to announce our intent to bring Emergint Technologies, Inc. into CACI. Their exceptional team, uncompromising commitment to integrity, and first-rate customer accountability make them a great fit for our company. Equally important, Emergint's data analytics capability and long-standing relationships with national health organizations will expand our ability to provide quality healthcare IT solutions in support of our customers' strategic missions."
According to Dan Allen, CACI President and Chief Executive Officer, "The federal government is increasingly requiring high-value solutions to improve healthcare IT practices and systems that will, in turn, contribute to the public health and safety of our nation's citizens. CACI's acquisition of Emergint opens new opportunities in our high-growth healthcare IT market and enables us to serve an even greater share of this market."
Emergint Technologies, Inc. President and Chief Executive Officer Gil Delgado said, "We look forward to bringing our committed team to CACI and growing together as we provide critical healthcare IT solutions that increase information exchange and interoperability and deliver improved results for our clients in the healthcare arena."
CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian clients. A member of the Fortune 1000 Largest Companies and the Russell 2000 Index, CACI provides dynamic careers for approximately 14,900 employees working in over 120 offices worldwide. Visit www.caci.com.
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 closing and integration of our acquisition of Emergint, actual revenue and earnings realized by Emergint and the performance of the financial management and business services 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, 2012, and other such filings that CACI makes 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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