CACI to Acquire Federal Oracle Provider; Paul Cofoni Comments

Paul Cofoni, CACI

CACI International Inc. (NYSE: CACI) has signed a definitive agreement to acquire Advanced Programs Group, LLC, a provider of Oracle e-Business services in the federal market.

CACI expects the move to increase its earnings per share during its first 12 months after closing. The company expects to complete the acquisition by Oct. 1.

Reston, Va.-based Advanced Programs has 110 employees and generated 2010 calendar year revenue of $41.9 million. It offers e-Business Suite implementations, IT program management, enterprise architecture and security services.

CACI said the move will expand its business and government transformation offerings.

“Our acquisition of Advanced Programs Group makes CACI one of the largest federal Oracle providers and the only Federal Shared Service Provider in both the financial and contract lifecycle management business areas, ” said Paul Cofoni,  CACI’s president and CEO. “APG’s leading Oracle application experience and diversified client base will help us continue to expand our business system solutions and government transformation offerings and services in the federal sector. We are thrilled to work with them as we provide proven solutions that will help our clients achieve efficiency, accountability, transparency and compliance.”

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it