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IT services player CACI has added Microsoft and more managed services skills through the acquisition of Spargonet marking its first move to expand through buying in talent this year.
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Spargonet Consulting Limited has been around for two decades, based in Surrey, and has built up a reputation in application management, mobile computing and business intelligence, selling into public and private sector customers. The timing of the deal coincides with the firm's founder and CEO Tony Spargo decision to retire.
“The acquisition of Spargonet strengthens our capabilities by adding greater Microsoft, business intelligence and mobile computing skills which ensures we can provide a full range of IT services to the largest and most complex organisations in the UK, including the Spargonet customer base of highly valued brands," said Greg Bradford, chief executive of CACI.
In response Spargo said the fit with CACI was attractive because the firm also delivered IT services into a similar customer base. The terms of the deal were not disclosed.
"Joining the company is a great opportunity to enhance the services offered to clients, with complementary service offerings which will better solve crucial challenges for customers in managing information and improving performance. The strong cultural fit between CACI and Spargonet became apparent from the very beginning of the deal process and we have no doubt that this will translate into a successful integration and future as part of CACI," he said.
The deal will also add more muscle to CACI's UK and European operation, which employs 850 staff, and extends the footprint for the subsidiary of US player CACI International.