CACI Acquires Applied Insight

Rhea-AI Summary

CACI International Inc (NYSE: CACI) has acquired Applied Insight, a Northern Virginia-based portfolio company of Acacia Group, in an all-cash transaction. This acquisition aligns with CACI's mission to deliver distinctive expertise and technology for national security challenges. Applied Insight brings proven cloud migration, adoption, and transformation capabilities, along with strong customer relationships in the Department of Defense (DoD) and Intelligence Communities (IC).

CACI's President and CEO, John Mengucci, emphasized that this acquisition further establishes CACI's reputation for modernizing enterprise IT infrastructure. The combined business is expected to enhance enterprise-wide cloud, cyber, and user productivity for secure networks in the IC, accelerating decision-making and optimizing mission outcomes for analysts and warfighters globally.

Positive

• Acquisition of Applied Insight strengthens CACI's capabilities in cloud migration and transformation
• Expands CACI's customer relationships in DoD and Intelligence Communities
• Enhances CACI's enterprise-wide cloud, cyber, and user productivity offerings
• Potential for accelerated decision-making and optimized mission outcomes in the IC

Negative

• None.

Insights

Financial Analyst

CACI International's acquisition of Applied Insight is a strategic move that strengthens its position in the defense and intelligence sectors. This all-cash transaction expands CACI's capabilities in cloud migration, adoption and transformation, particularly within the DoD and IC. The deal aligns with CACI's mission to address national security challenges and should enhance its enterprise-wide cloud, cyber and user productivity offerings. While financial terms weren't disclosed, the acquisition is likely to positively impact CACI's revenue and market share in the government IT modernization space. The complementary expertise and customer relationships of Applied Insight could lead to new contract opportunities and deeper penetration into existing accounts. Investors should watch for potential synergies, integration costs and the impact on CACI's financial metrics in upcoming quarters. The acquisition's success will depend on effective integration and leveraging of Applied Insight's capabilities to drive growth.

Tech Expert

The acquisition of Applied Insight significantly bolsters CACI's technological capabilities in critical areas for national security. Cloud migration and transformation are essential for modernizing legacy systems within the DoD and IC, where secure and efficient data handling is paramount. Applied Insight's expertise in these areas, combined with CACI's existing portfolio, creates a more comprehensive suite of services for government clients. This merger addresses the growing demand for cloud-based solutions that can handle classified information and complex workflows. The emphasis on accelerating decision-making through optimized IT infrastructure is particularly relevant in today's fast-paced security environment. From a technical standpoint, this acquisition positions CACI to offer more advanced, integrated solutions that can streamline operations across various intelligence and defense agencies, potentially leading to improved mission outcomes and operational efficiencies for their government clients.

RESTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE: CACI) announced today that it has acquired Applied Insight, a Northern Virginia-based portfolio company of Acacia Group, in an all-cash transaction.

In alignment with CACI’s mission to deliver distinctive expertise and differentiated technology to meet its customers’ greatest national security challenges, Applied Insight delivers proven cloud migration, adoption, and transformation capabilities, coupled with intimate customer relationships across the Department of Defense (DoD) and Intelligence Communities (IC).

“With the close of this acquisition, CACI further establishes its unparalleled reputation for delivering expertise and technology to modernize our customers’ enterprise IT infrastructure,” said John Mengucci, CACI President and Chief Executive Officer. “The combined business of CACI and Applied Insight will enhance enterprise-wide cloud, cyber, and user productivity for secure networks in the IC, thus accelerating decision-making and optimizing mission outcomes for analysts and warfighters around the globe.”

Both CACI and Applied Insight share strengths in their deep technical expertise, empirical customer knowledge, and employee-centric cultures rooted in national security.

“The cultural fit of our two companies will enable our mutual success going forward,” said Mengucci. “I am pleased to welcome the talented Applied Insight employees to our team and am confident they will thrive at CACI.”

About CACI

At CACI International Inc (NYSE: CACI), our 24,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers’ greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at 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 risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, 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.

CACI-News-Business Wire

View source version on businesswire.com: https://www.businesswire.com/news/home/20241001587481/en/

Corporate Communications and Media:

Lorraine Corcoran

Executive Vice President, Corporate Communications

(703) 434-4165, lorraine.corcoran@caci.com

Investor Relations:

George Price

Senior Vice President, Investor Relations

(703) 841-7818, george.price@caci.com

Source: CACI International Inc

FAQ

What company did CACI International (NYSE: CACI) acquire?

CACI International Inc (NYSE: CACI) acquired Applied Insight, a Northern Virginia-based portfolio company of Acacia Group.

What are the key capabilities that Applied Insight brings to CACI?

Applied Insight brings proven cloud migration, adoption, and transformation capabilities, along with strong customer relationships in the Department of Defense (DoD) and Intelligence Communities (IC).

How will the acquisition of Applied Insight benefit CACI's customers?

The acquisition is expected to enhance enterprise-wide cloud, cyber, and user productivity for secure networks in the Intelligence Community, accelerating decision-making and optimizing mission outcomes for analysts and warfighters globally.

What type of transaction was the CACI acquisition of Applied Insight?

The acquisition of Applied Insight by CACI International Inc was an all-cash transaction.