CACI completes cybersecurity acquisition
CACI International Inc., which provides IT services to the government, said Monday it has completed its acquisition of cybersecurity company SystemWare Inc. for an undisclosed sum.
The acquisition comes as the federal government steps up its focus on cybersecurity. President Barack Obama declared cybersecurity a priority early last year, and appointed a national cybersecurity coordinator in late December to help manage the nation's vulnerable digital networks.
SystemWare's clientele includes the Department of Defense, federal agencies and members of the intelligence community. The company, based in Camarillo, Calif., makes systems that help users monitor and detect cybersecurity and physical security issues. It recorded $16 million in revenue during 2009.
More than half of the company's employees hold Secret-level security clearances and above.
CACI President and CEO Paul Cofoni said in a statement that the acquisition "is particularly important to our ongoing focus on meeting the strong demand for solutions in counterintelligence and cybersecurity."
The deal is expected to add to CACI's earnings during the next 12 months. CACI has forecast fiscal 2010 profit of $3.30 to $3.50 per share on full-year revenue of $3.05 billion to $3.13 billion.
CACI shares rose 4 cents to close earlier at $48.01.