CACI International Inc.
) recently completed its previously announced acquisition of
Emergint Technologies, Inc.
Employing about 300 people with headquarters in Louisville,
Kentucky, Emergint provides emerging technology solutions focused
on the data-driven needs of national health
The solution provided by Emergint offers a wide range health
data integration and analysis solutions, management and IT
consulting, and data and records management. These
healthcare-focused IT related services support the missions of
federal and state customers.
Founded in 1999, the company has contract vehicles with key
health-focused federal agencies, including the Centers for
Disease Control and Prevention, National Institutes of Health,
and U.S. Food and Drug Administration.
Emergint is expected to generate revenues of $42 million in
2012 and CACI is hopeful about the acquisition being accretive to
the bottom line in the first twelve months.
This acquisition builds on CACI's healthcare IT capability and
expands its presence in the growing healthcare IT market.
The acquisition appears to be quite a profitable one for CACI
International as it will strengthen the company's potential in
the healthcare IT industry. Management stated that with the
support of Emergint's data analytics services and its strong
associations with national health organizations, the company is
likely to fortify its foothold in the growing healthcare IT
arena. The acquisition of Emergint will thus pave the way for new
growth opportunities for the company in the critical healthcare
Previously, CACI International acquired Delta Solutions and
Technologies Inc. for expanding its business system solutions and
government transformation arenas. The company believes the
acquisition of Delta Solutions will be vital in the long run as
the federal government continually focuses on achieving clean
audit opinions while making better spending decisions.
Meanwhile, earnings estimates for 2013 have been more or less
static in the last few days after the company reported in line
results for the first quarter.
Hence, we maintain our Neutral recommendation on CACI
International which competes with bigwigs like
CGI Group, Inc.
ManTech International Corporation
Our recommendation is supported by a Zacks #3 Rank, which
translates into a short-term 'Hold' rating.
CACI INTL A (CACI): Free Stock Analysis
CGI GRP INC -A (GIB): Free Stock Analysis
MANTECH INTL -A (MANT): Free Stock Analysis
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