CACI International Inc. has acquired Ashburn, Virginia-based ID Technologies, an enterprise IT, infrastructure-as-a-service (IaaS) and network modernization provider that offers security services to the U.S. federal government. The purchase price was $225 million.
This is technology M&A deal number 128 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.
In this deal, the combined companies will deliver Agile and software solutions to Department of Defense, intelligence and federal civilian agencies, CACI indicated.
ID Technologies has been a federal IT partner since 1988. The firm supports agencies across the defense, intelligence and civilian communities in the areas of national security, including with NSA-compliant Commercial Solutions for Classified (CSfC) technology. Prior to the acquisition, ID Technologies was part of The Acacia Group portfolio.
CACI Acquires ID Technologies
The acquisition of ID Technologies expands CACI’s secure network modernization capabilities via the CSfC software, CACI said. Additionally, CACI will leverage ID Technologies’ capabilities in product and engineering solutions to deliver cloud, network and end-user initiatives to customers, the buyer indicated.
CACI, founded in 1962, partners with U.S. government agencies. The firm has approximately 22,000 employees.
John Mengucci, CACI president and CEO, commented on the news:
“The joining of our companies enhances CACI's technology for both enterprise and mission customers who require CSfC-compliant device solutions and access to sensitive or classified data from remote locations. With ID Technologies, CACI can accelerate end-user mobility and the use of communication outside of secure government-run facilities using secure software-at-scale. ID Technologies' innovative offerings include Infrastructure-as-a-Service business models making it easy for customers to embrace the technology and positioning CACI to expand the customer portfolio."
Gibson, Dunn & Crutcher served as legal advisors to CACI on the transaction.
Government IT Services: Mergers and Acquisitions
M&A activity among government-focused IT solutions providers, consultants and MSPs has remained steady and strong. Here’s a complete list of government-focused IT consulting M&A deals.