CACI closes Athena acquisition
- By David Hubler
- Nov 01, 2007
CACI International Inc. has completed the purchase of Athena Innovative Solutions Inc., a provider of specialized services to the intelligence community and other national security clients. Terms of the deal were not disclosed.
CACI purchased the business from parent company Veritas Capital, a New York-based private equity firm focused on the defense and federal sectors. The companies first announced the deal in September.
The acquisition complements CACI's core competencies and increases the professional services and solutions the company can offer government clients to help counter global terrorism, said Bill Fairl, president of CACI's U.S. operations.
Athena has expertise in five core areas: human intelligence, counterintelligence, counterterrorism, all-source analysis and strategic policy development, CACI said. More than 90 percent of its services are provided at customer locations throughout the United States and abroad.
Athena of Arlington, Va., has about 600 full-time employees, the majority of whom possess top secret security clearances or higher. The company also has offices in Charlottesville, Va., and Tampa, Fla. Athena's revenue is expected to be about $110 million for calendar year 2007.
CACI, also based in Arlington, Va., ranks No. 22
on Washington Technology's 2007 Top 100 list
of the largest federal government prime contractors.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.