San Francisco, USA, September 22, 2010 -- CACI International Inc (NYSE:CACI) and Oracle announced today the release of Oracle Contract Lifecycle Management for Public Sector. This new offering helps federal organizations create and manage contracts by standardizing business processes, reducing time-to-contract, and increasing compliance. (See today's corresponding press release from Oracle, "Oracle Unveils Oracle Contract Lifecycle Management for Public Sector.")
This release culminates a two-year co-development effort in which CACI provided subject matter expertise gained from more than 30 years of experience designing and implementing contract management systems for the Department of Defense, Federal Civilian, and Intelligence agencies to help Oracle enhance the functionality of its commercial off-the-shelf (COTS) Oracle E-Business Suite.
As part of this effort, CACI has leveraged its broad implementation experience and unique insights to create a set of pre-built, packaged content and implementation services that are designed to help close the gap to customer-specific requirements without extra effort by customers. These services provide considerable value for customers while allowing them to maximize the full capabilities of Oracle Contract Lifecycle Management for Public Sector.
"In working with our government customers over the years, it became apparent that there was a need to combine functionality for routine and complex contracting into a single system and have it integrated with financial applications for a complete procure-to pay solution that does not require manual interventions," said Mark Johnson, Senior Vice President, Public Sector Sales, Oracle. "With Oracle Contract Lifecycle Management for Public Sector, our customers now have a solution that accomplishes this while helping customers meet federal compliance mandates, especially for the complex contract management needs related to major acquisitions. We look forward to working with CACI, our preferred provider of implementation services for this product, to deliver this solution to our customers."
According to Gil Guarino, Executive Vice President, CACI, "CACI provides federal agencies with information technology solutions that are built on industry best practices and proven expertise in the business of government. Our agreement with Oracle leverages CACI's deep functional domain expertise to produce a best-in-class contract management solution that enables users to reduce cost, improve productivity, and achieve organizational goals with a positive impact on the way an enterprise does business. Oracle Contract Lifecycle Management for Public Sector implemented by CACI really represents a total solution for the customer. By combining a full-featured, enterprise contract management system with a federal integrator that has pre-built content and knows how to implement acquisition systems, we will bring real value and a total solution to our customers."
About Oracle
Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, visit www.oracle.com.
About CACI
CACI International Inc provides professional services and IT solutions needed to prevail in the areas of defense, intelligence, homeland security, and IT modernization and government transformation. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 12,800 employees working in over 120 offices in the U.S. and Europe. Visit CACI on the web at www.caci.com and www.asymmetricthreat.net.
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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 a prolonged recession; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; 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, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; or an economic stimulus package; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, 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; the results of government audit and reviews conducted by the Defense Contract Audit Agency or other government entities with cognizant oversight; 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); market speculation regarding our continued independence; 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, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; 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.
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