Acquisition to shut by stop of calendar year
Fairfax-dependent administration consulting firm ICF Intercontinental Inc. has entered into a definitive arrangement to get McLean-based mostly IT federal contractor Artistic Systems and Consulting, ICF announced Tuesday.
The monetary phrases of the acquisition were being not disclosed.
Founded in 1969, ICF has about 7,500 workers. Imaginative was established in 2010 and has 270 workforce and “a full suite of abilities which include electronic approach, cloud and infrastructure remedies,” in accordance to a news launch.
“This transaction is aligned with our strategy of pairing natural progress with select acquisitions that reinforce ICF’s situation in vital development marketplaces,” stated ICF Chairman and CEO John Wasson stated in a assertion. “Creative’s abilities in cloud development significantly expands our qualifications in the federal IT modernization/electronic transformation arena, and the enterprise has sent flagship function with lots of civilian businesses that have been lengthy-standing consumers of ICF, which include the U.S. Division of Wellness and Human Services, the U.S. Department of Agriculture and the U.S. Office of Treasury. We count on this acquisition to provide sizeable options for income synergies more than time as ICF now will offer you primary tactics supporting the most remarkably adopted very low-code/no-code platforms in the federal governing administration. Importantly, the cultural suit is fantastic, highlighted by a shared commitment to providing worth to shoppers when generating a big difference in the communities we serve.”
Creative CEO Vanitha Khera said, “We are thrilled by the prospect to be a part of ICF and make on their solid digital transformation capabilities and main system partnerships. Jointly, we will supply an unparalleled portfolio of electronic expert services alongside with our globe-course domain expertise — from strategic advisory to analytics to platforms and agile delivery — as federal agencies function to deliver scalable, a lot more productive and charge-effective outcomes.”
The acquisition is envisioned to shut right before the close of the year.