CACI and ActioNet Joint Venture Awarded $330 Million U.S. Navy Systems Engineering Contract
eVenture Technologies, LLC to Support Navy-wide Information Systems
Arlington, VA, January 30, 2007 - CACI International Inc (NYSE:CAI) and ActioNet, Inc. announced today that a joint venture the companies have formed, called eVenture Technologies, LLC, has been awarded a five-year, estimated $330 million Systems Engineering and Technical Assistance (SETA) services contract to support the U.S. Navy's Space and Naval Warfare Systems Center New Orleans (SSC NOLA). The indefinite delivery/indefinite quantity contract is a small business set-aside. The joint venture is a first for both companies. ActioNet is an 8(a) woman-owned business that is a protégé to CACI under the Small Business Administration's Mentor-Protégé program. The work will be performed mostly at SSC NOLA locations, where eVenture will provide technical support for Navy-wide information systems such as the manpower and human resources systems that serve all Navy personnel.
eVenture solutions will build on CACI's experience as an incumbent subcontractor on the predecessor contract, along with ActioNet's technical expertise. Moreover, eVenture will leverage CACI and ActioNet credentials to exceed the client's critical requirement for software processes rated at CMMI® (Capability Maturity Model Integration) Level 2, which assures quality software development. In this area, CACI and ActioNet have even greater credentials — having not only been rated at the higher CMMI Level 3 but having also achieved ISO 9001:2000 certification for quality management.
For SSC NOLA, eVenture will provide systems engineering and technical support for the development, maintenance, integration, and security of systems that include hundreds of legacy manpower and personnel networks, applications, and databases. Such systems help the Navy determine force allocations for ship and shore locations and provide enlisted personnel with payroll, benefits, promotion, and other work-life information.
According to Ashley W. Chen, ActioNet, Inc. President and CEO, "The CACI-ActioNet eVenture team is structured for quick response and outstanding results. CACI, our mentor company, is a well-known information technology leader with significant experience and reachback to support U.S. Navy needs. ActioNet, the lead small business partner and protégé company, is a dynamic and fast-growing small business with outstanding technical qualifications."
CACI President of U.S. Operations Paul Cofoni said, "The Space and Naval Warfare Systems Center New Orleans is one of the U.S. Navy's premier software development centers, and we are thrilled it has selected our CACI-ActioNet team, eVenture, to continue the center's important work. eVenture is exclusively dedicated to supporting this client, and offers a powerful combination of technical excellence and customer familiarity to ensure that projects are completed effectively and on time. We are proud to help sustain a high quality of life for our Navy personnel around the world."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "CACI continually seeks productive and innovative ways to serve our clients and their vital missions. eVenture Technologies, our joint venture with ActioNet, represents a good example of this dedicated support. ActioNet is an excellent fit with CACI, and shares our own emphasis on client-focused solutions. Together through eVenture, we will help the Navy support the needs of our warfighters' families and careers while improving their ability to serve our nation's defense."
About ActioNet
ActioNet, Inc., headquartered in Fairfax, Virginia, is an SEISM CMMI® Level 3, ISO 9001:2000, 8(a) and woman-owned IT Services Firm with a Top Secret facility clearance. We have strong qualifications and expertise in Process Improvement, Project Management, Enterprise Software Development, Systems Integration, Information Systems Security, and Training. As a process-oriented company, ActioNet also follows the Project Management Institute (PMI) methodology and has developed an internal program to help its project managers achieve the Project Management Professional (PMP) certification. ActioNet has outstanding past performance, as evidenced by our "Exceeds Customer Expectations" rating from Dun & Bradstreet and a 92 out of 100 rating from Open Ratings. ActioNet holds the highest 3A1 Financial Rating from Dun & Bradstreet. ActioNet was just named one of the 2006 Deloitte Technology Fast 50 winners for the fourth year in a row. For more information, please visit our web site at www.actionet.com.
About CACI
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of defense, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of defense and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI has been named to the Fortune 1000 Largest Companies of 2006. A member of the Russell 1000 index, CACI provides dynamic careers for approximately 10,000 employees working in over 130 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at www.caci.com.
There are statements made herein which do not address historical facts and, therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
Media Contacts:
ActioNet
Ashley W. Chen
President and CEO
(703) 204-0090 Ext. 108
achen@actionet.com
CACI
David Dragics
Senior Vice President, Investor Relations
(703) 841-7835
ddragics@caci.com
Jody Brown
Executive Vice President, Public Relations
(703) 841-7801
jbrown@caci.com
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