CACI president gives overview of federal marketplace
Ken Asbury, president & CEO of CACI, discusses the firm’s outlook on contracting for both civilian and military agencies and how they decide companies to pursue for mergers and acquisitions.
For decades, CACI has been one of the government’s top IT firms. Ken Asbury, President & CEO of CACI says that their position allows them to compete with the Silicon Valley companies that recently entered the federal market.
“The expertise that we have is that we understand the mission space. The generation of technology from Silicon Valley will certainly do a lot to help the federal government. But, it’s going to take people that have the classified personnel, knowledge of the mission and the ability to be systems integrators for many of those technologies,” said Asbury.
Earlier this year, CACI and General Dynamics each wanted to acquire federal IT provider CSRA. Asbury says that a good target for a merger or acquisition is one that fits culturally with the company.
“The best acquisition targets start with a cultural fit, offer something new in terms of strategy related to how we go to market. It could be technical skills, it could be a solution. We look through a lens of all of our markets at all times and something has to fit into our company very well.”