CACI International Inc (NYSE: CACI) announced today that it has completed its transaction to acquire Paradigm Holdings, Inc. (OTC: PDHO), the parent of Paradigm Solutions Corporation. Paradigm provides cybersecurity and enterprise IT solutions to clients in federal civilian agencies, the Department of Defense, and the Intelligence Community. The acquisition expands the cyberspace solutions CACI offers to help its government clients respond to persistent threats to national security, and continues to increase the company's strong presence in supporting national security missions.
Paradigm is headquartered in Rockville, Maryland and has approximately 185 highly credentialed employees. The company's specific offerings range from cybersecurity and software engineering to cyber operations that include network security monitoring, designing and upgrading data centers, and managing security and network operations centers. Major 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.
According to CACI President of U.S. Operations Bill Fairl, "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. 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 Chief Executive Officer, 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."
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