CACI International Inc. (NYSE: CACI) announced Thursday it has signed a definitive agreement to acquire financial management and business analytics services provider Delta Solutions and Technologies Inc. for an undisclosed amount.
CACI said it expects the deal to increase its earnings per share in the year after the expected July 1 close and open new growth opportunities for its government transformation and business system solutions operations.
“Financial management systems are essential to the business operations of every federal agency and keeping the technology behind these systems up-to-date is critical to mission success, ” said Dan Allen, president of CACI’s U.S. Operations.
President and CEO Paul Cofoni added that CACI aims for the deal to improve his company’s ability to provide solutions that help government clients lower costs, increase transparency and enhance accountability.
Reston, Va.-based Delta Solutions was founded in 1997 and generated $44.8 million in revenue in 2011. It employs around 175 management consultants and IT specialists.
In addition to its business analytics practice, the company designs, develops and integrates federal financial management systems and works with major platforms including Momentum and SAP, according to the announcement.
CACI said it intends the deal to complement its 2011 purchase of Advanced Programs Group, which specializes in Oracle products and services.
Delta Solution’s clients include the Departments of Interior, Justice, Veterans Affairs and Housing and Urban Development.