CACI announced today that it has completed the acquisition of Paradigm Holdings, Inc, provider of cybersecurity and enterprise IT solutions to federal civilian agencies, the Department of Defense and the Intelligence Community.
The acquisition expands the cyberspace solutions CACI offers. Major Paradigm clients include the Federal Aviation Administration, Defense Information Systems Agency and the Departments of State, Energy and Treasury. Paradigm’s revenue for calendar year 2011 is projected to be $55 million. CACI paid $61.5 million for Paradigm. The acquisition is expected to be accretive to CACI’s earnings per share during its first 12 months.
“We welcome the talented Paradigm employees to CACI. With their dedication to employee opportunity, business growth, and the security of our nation, the people of Paradigm are a great match for CACI,” said Bill Fairl, president of U.S. Operations, CACI. “They bring new clients, more ways to innovate and serve our current clients, and strong competitive capabilities as we go forward.”
Paul Cofoni, CACI President and CEO, said, “the acquisition of Paradigm expands CACI’s capability to provide cyberspace solutions that our government needs to counter persistent threats to national security. It demonstrates the successful execution of our strategy to create differentiating value for our clients and reflects our strategic focus on solutions that, even in a challenging budgetary environment, are in high demand to support critical national needs.”