CACI completes acquisition of Advanced Programs
Government information technology contractor CACI International Inc. said Monday it has completed its acquisition of Advanced Programs Group LLC, a Reston, Va.-based provider of IT program management, maintenance, and security.
Advanced Programs Group, with revenue last year of $41.9 million, has expertise in upgrading federal government systems to the latest Oracle e-Business services.
Its clients include the National Institutes of Health and the Department of the Interior's National Business Center, which is a service center that provides financial systems for multiple government agencies.
CACI has said the deal is expected to be accretive to its earnings per share in the first 12 months.
CACI, based in Arlington, Va., has worked with defense, intelligence, homeland security agencies to upgrade and modernize computer systems.
Its shares fell $3.13, or 6.3 percent, to close at $46.81.