“The cultural fit of our two companies will enable our mutual success in the future,” said John Mengucci, CEO of CACI.

CACI International has acquired another solutions provider, Applied Insight, in an all-cash deal that is expected to strengthen its capabilities in Amazon Web Services, cloud migration, cybersecurity and customer productivity government agencies.

CACI, No. 19 on CRN’s 2024 Solution Provider 500, purchased Applied Insight from Acacia Group, a specialty investment firm based in Fulton, Maryland. Both solution providers are based in Reston, Virginia. Applied Insight is #174 on the list. Terms of the deal were not disclosed.

“The cultural fit of our two companies will enable our mutual success in the future,” CACI CEO John Mengucci (pictured) said on Tuesday. “I am pleased to welcome Applied Insight’s talented employees to our team and am confident they will thrive at CACI.”

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CACI buys Applied Insight

CRN has contacted CACI, Applied Insight and Acacia Group for additional comment.

The deal with Applied Insight follows another recently announced acquisition by CACI: $1.3 billion in cash for Azure Summit Technology, an engineering company whose offerings include radio frequency (RF) hardware and software technologies.

CACI expects the acquisition of Azure Summit to be completed in the second quarter of its 2025 fiscal year, according to a company statement.

In August, CACI released its results for its fourth quarter of fiscal 2024, ending June 30. The solutions provider reported revenue of $2 billion, up 20% year-over-year, and net income of $135 million, up 25% year-over-year.

For the full financial year, CACI reported revenue of $7.7 billion, up 14 percent year-on-year, and net profit of $420 million, up 9 percent over one year.

CACI executives expect fiscal 2025 revenue of $7.9 billion to $8.1 billion and non-GAAP adjusted net income of $505 million to $525 million, according to the solution provider.

During this quarter’s earnings call, CEO Mengucci called CACI a “serial acquirer” and said the M&A market was improving, according to a transcript of the call. Areas of focus for acquisition at the time included cloud, artificial intelligence and what the US Department of Defense calls C4ISR – command, control, communications, computers, intelligence, surveillance and reconnaissance.

“We don’t buy revenue. We’re buying capabilities, customer relationships that allow us to answer those calls for several years and talk about how that acquisition one, two, three, seven, ten years ago set us up very, very well “, said the CEO.

In July, Applied Insight achieved Amazon Web Services (AWS) Premier Tier Services Partner status, recording more than 200 completed AWS cloud migrations across 16 government and enterprise organizations, according to the solutions provider.

In January, Applied Insight itself purchased data services company Zavda Technologies, according to a statement at the time.

Acacia Group, meanwhile, merged its portfolio company MajorKey Technologies, a member of CRN’s MSP 500 list, with Clagno in June, according to a statement at the time.

Other Acacia portfolio companies include technology consulting firms The Baer Group and Kopius, Atlassian and MSP partner Isos Technology, and cloud transformation platform provider Kion. Acacia previously sold ID Technologies to CACI in 2021, according to Acacia’s website.