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CACI Completes Acquisition of Pangia Technologies; Cofoni Comments

Paul Cofoni, CACI

CACI International Inc (NYSE: CACI) has completed its acquisition of Pangia Technologies, LLC. The move is expected to increase CACI’s earnings per share over the upcoming 12 months.

CACI will use the acquisition to increase its cybersecurity offerings and intelligence community presence.

Maryland-based Pangia specializes in computer network operations, mission systems, software and systems engineering and IT infrastructure support.

Among other offerings, it develops applications and designs and develops broadly-based software and system security architecture. The company generated calendar year 2010 revenue of $18.7 million and has 110 employees.

“The acquisition of Pangia Technologies is particularly important to CACI’s focus on building our business in the vitally important area of cybersecurity, ” said CACI President and CEO Paul Cofoni. “Pangia’s technology and demonstrated success in solving difficult intelligence problems will help us continue to meet the strong demand for high-value cybersecurity solutions that are essential to our nation’s security.”

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