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CACI acquires Reston-based cybersecurity contractor Applied Insight

Government contractor CACI International has made its second acquisition in the past month, acquiring Reston, Virginia-based cloud, data and cybersecurity company Applied Insight.

Financial terms of the acquisition weren’t disclosed. CACI, which is also based out of Reston, said it was an all-cash acquisition.

Last month, CACI agreed to acquire Fairfax government IT contractor Azure Summit Technology in an all-cash deal worth nearly $1.3 billion. Azure develops hardware and software for the U.S. Department of Defense.

Applied Insight is focused on cloud migration, secure networking and infrastructure modernization. The 20-year-old company has more than 100 certified cloud specialists on its staff and contracts with more than 20 government agencies.

Applied Insight has 650 employees. Its website lists more than 60 current job openings.

The Applied Insight acquisition has closed. CACI acquired it from investment firm The Acacia Group. Meanwhile, CACI’s acquisition of Azure Summit Technology still needs regulatory approval, but is expected to close in the second quarter of its fiscal year 2025.

CACI has more than 24,000 employees, and reported $7.7 billion in fiscal 2024 revenue, up more than 14% from fiscal 2023. It is one of the largest publicly traded companies in the D.C. area.

Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids

BOSTON (AP) — Massachusetts' highest court heard oral arguments Friday in the state's lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2023 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms. “We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways,” said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content. Meta said Friday that it strongly disagrees with the allegations and is “confident the evidence will show our longstanding commitment to supporting young people.” Its attorney, Mark Mosier, argued in court that the lawsuit “would impose liabilities for performing traditional publishing functions” and that its actions are protected by the First Amendment.
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