Press Releases
CACI Completes Acquisition Of Advanced Programs Group, LLC
Stock quotes in this article:CACI
CACI International Inc ( NYSE: CACI) announced today that it has completed its transaction to acquire Advanced Programs Group, LLC, an Oracle Platinum Partner and leading provider of Oracle e-Business services in the federal market. This acquisition expands CACI’s already strong presence in the business and government transformation arenas and aids CACI in providing solutions that are critical to the mission success of federal agencies.
Founded in 2004, Advanced Programs Group (APG) has 110 employees and is headquartered in Reston, Virginia. The company’s services include Oracle e-Business Suite (EBS) implementations, IT program management, enterprise architecture, and security services. APG manages the entire lifecycle of an Oracle implementation – including design, configuration, testing, deployment, maintenance, and enhancement phases – and is one of the only companies to successfully upgrade federal clients to the latest Oracle EBS release. APG has contract vehicles with several key civilian and Department of Defense clients, including the Department of the Interior’s (DOI) National Business Center (NBC), a shared service center that provides financial systems for multiple government agencies. APG’s revenue in calendar year 2010 was $41.9 million. The acquisition is expected to be accretive to CACI’s earnings per share during its first 12 months. CACI President of U.S. Operations Bill Fairl said, “Advanced Programs Group is a wonderful addition to the CACI team, and their specialized knowledge of the Oracle e-Business Suite will greatly enhance our business transformation capabilities. We look forward to working with APG’s talented employees as we continue to provide solutions that will help our clients achieve mission-critical benefits and make better spending decisions.” Paul Cofoni, CACI President and Chief Executive Officer, stated, “The acquisition of Advanced Programs Group enables CACI to lead the way in providing a joint contract lifecycle management and financial solution that is unique within our industry. Our clients already know us as a trusted integrator; as a Federal Shared Service Provider, we can now offer the functionality and ease of use federal agencies need to meet their business transformation and financial needs.”TheStreet Premium Services
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