The Small Business Administration contributed $50 million of that amount through this private equity firm's participation in a small business investment program.
First launched in 2017, Q-CTRL is looking to further advance its quantum computing software for use in larger-scaled commercial and government deployments.
The all-cash transaction also expands CACI International's presence with defense and national security agencies, plus reunites a pair of former Acacia Group businesses.
The private equity owner of SMX and DMI will continue its approach of backing midsized companies in the government market and other tech-enabled industries.
The government services company is now a publicly-traded one following its merger with Jacobs' federal-facing units. Here is a one-stop shop of our coverage in the buildup to the transaction's closure.
In explaining the acquisition to Wall Street, CACI International CEO John Mengucci pointed to a large Navy software development program as where the company got an early look at the possibilities.
The pending addition of Azure Summit Technology is the newest move by CACI International to expand its electronic warfare and electromagnetic spectrum footprints.