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CACI International Inc. (CACI - Analyst Report) recently completed its previously announced acquisition of Delta Solutions and Technologies Inc.

Delta Solutions generated revenues of $44.8 million in 2011.  CACI International expects the acquisition to be accretive to the bottom line in the first twelve months.

Employing 175 management consultants and IT specialists, Delta Solutions provide specialized solutions with key focus on Federal Financial Management (FFM) systems' design, development, integration and operations and maintenance.

Delta’s key customers include federal civilian agencies, such as the Department of the Interior, Department of Justice, Department of Veterans Affairs, and Department of Housing and Urban Development.

The acquisition also boosts CACI’s strong position in the business system solutions and government transformation arenas. Moreover, it also complements CACI International’s acquisition of the Oracle (ORCL - Analyst Report)-based Advanced Programs Group in 2011.

According to CACI International, financial management systems are quite vital to the business operations of federal agencies and updating the technology behind these systems is critical to mission success.

CACI International expects the acquisition of Delta Solutions to pave new growth opportunities for the company in the high-priority area of government transformation while seizing a larger chunk of this huge market.

CACI International believes the acquisition of Delta Solutions will be vital in the long run as he federal government continually focuses on achieving clean audit opinions while making  better spending decisions.

Meanwhile, earnings estimates for fiscal 2012 have moved up marginally in the last thirty days as thirteen out of the fifteen analysts covering the stock upped their estimates while one reducing the same.

We currently have a Neutral recommendation on the company’s stock.  Nevertheless, we have a Zacks #1 Rank on the company, which translates into a short-term rating of Strong Buy.

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