CACI International has completed its acquisition of Azure Summit Technology, a developer of high-performance radio frequency, for approximately $1.28 billion.
The Reston, Virginia-headquartered defense contractor said Wednesday the all-cash transaction expands its portfolio of offerings, particularly into the maritime and airborne markets.
In his statement following the closing of the transaction, John Mengucci, president and CEO of CACI and a Wash100 awardee, welcomed the over 300 employees who will join the company from Azure Summit.
“Azure Summit adds established, complementary technology and expands our customer presence,” he said. “This meaningful addition also brings an exceptionally talented workforce whose commitment, innovation and focus on excellence match our own.”
CACI initiated the purchase of Azure Summit in September aiming to better meet the needs of Department of Defense and national security agency customers. The move is also intended to expand CACI’s U.S. presence as Azure Summit operates facilities in Fairfax, Virginia, and Melbourne, Florida.
Other CACI Acquisition
The purchase of Azure Summit comes just a few weeks after the government and defense IT provider acquired Applied Insight, a Northern Virginia-based company that delivers cloud migration and transformation services to the DOD and the Intelligence Community.
Applied Insight has won several major government contracts in the past, including the General Services Administration’s Multiple Award Schedule and Navy SeaPort-E Next Generation.
