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FEMA Awards ICF New $17 Million Cloud and Analytics Delivery Contract

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FEMA has awarded ICF (NASDAQ:ICFI) a new $17 million data modernization contract to build a cloud-based data exchange platform, FEMADex. This three-year contract aims to improve the efficiency and cost-effectiveness of disaster response and recovery efforts. ICF will leverage its disaster management expertise along with advanced technologies like cloud computing, generative AI, DevSecOps, and advanced analytics to implement the platform.

The FEMADex platform will enhance FEMA's data sharing and analytics capabilities, allowing leaders to access, analyze, and visualize data from multiple sources. This will facilitate data-driven decision-making and collaboration across the emergency management community. ICF will deliver a modernized Azure Databricks-based solution for FEMADex implementation.

La FEMA ha assegnato a ICF (NASDAQ:ICFI) un nuovo contratto da 17 milioni di dollari per la modernizzazione dei dati per costruire una piattaforma di scambio dati basata sul cloud, FEMADex. Questo contratto triennale mira a migliorare l'efficienza e la convenienza economica degli interventi e delle operazioni di recupero in caso di disaster. ICF sfrutterà la sua esperienza nella gestione delle emergenze insieme a tecnologie avanzate come cloud computing, intelligenza artificiale generativa, DevSecOps e analisi avanzate per implementare la piattaforma.

La piattaforma FEMADex potenzierà le capacità di condivisione e analisi dei dati della FEMA, permettendo ai leader di accedere, analizzare e visualizzare dati provenienti da più fonti. Ciò faciliterà decisioni basate sui dati e collaborazione all'interno della comunità di gestione delle emergenze. ICF fornirà una soluzione modernizzata basata su Azure Databricks per l'implementazione di FEMADex.

FEMA ha otorgado a ICF (NASDAQ:ICFI) un nuevo contrato de modernización de datos por 17 millones de dólares para construir una plataforma de intercambio de datos basada en la nube, FEMADex. Este contrato de tres años tiene como objetivo mejorar la eficiencia y la rentabilidad de los esfuerzos de respuesta y recuperación ante desastres. ICF aprovechará su experiencia en gestión de desastres junto con tecnologías avanzadas como computación en la nube, inteligencia artificial generativa, DevSecOps y análisis avanzados para implementar la plataforma.

La plataforma FEMADex mejorará las capacidades de intercambio de datos y análisis de FEMA, permitiendo a los líderes acceder, analizar y visualizar datos de múltiples fuentes. Esto facilitará la toma de decisiones basada en datos y la colaboración dentro de la comunidad de gestión de emergencias. ICF entregará una solución modernizada basada en Azure Databricks para la implementación de FEMADex.

FEMA는 ICF(NASDAQ:ICFI)에게 1,700만 달러의 데이터 현대화 계약을 체결하여 클라우드 기반 데이터 교환 플랫폼인 FEMADex를 구축합니다. 이 3년 계약은 재난 반응 및 복구 노력을 보다 효율적이고 비용 효과적으로 개선하는 것을 목표로 하고 있습니다. ICF는 재난 관리 전문성과 함께 클라우드 컴퓨팅, 생성 AI, DevSecOps 및 고급 분석과 같은 첨단 기술을 활용하여 플랫폼을 구현할 것입니다.

FEMADex 플랫폼은 FEMA의 데이터 공유 및 분석 능력을 향상시켜 리더들이 여러 출처의 데이터에 접근하고, 분석하고, 시각화할 수 있도록 합니다. 이는 데이터 기반 의사 결정 및 비상 관리 커뮤니티 간의 협업을 촉진할 것입니다. ICF는 FEMADex 구현을 위해 Azure Databricks 기반의 현대화된 솔루션을 제공할 것입니다.

La FEMA a attribué à ICF (NASDAQ:ICFI) un nouveau contrat de modernisation des données de 17 millions de dollars pour créer une plateforme d'échange de données basée sur le cloud, FEMADex. Ce contrat de trois ans vise à améliorer l'efficacité et le rapport coût-efficacité des efforts de réponse et de récupération en cas de catastrophe. ICF s'appuiera sur son expertise en gestion des catastrophes ainsi que sur des technologies avancées comme le cloud computing, l'IA générative, le DevSecOps et l'analyse avancée pour mettre en œuvre la plateforme.

La plateforme FEMADex améliorera les capacités de partage et d'analyse des données de la FEMA, permettant aux dirigeants d'accéder, d'analyser et de visualiser des données provenant de plusieurs sources. Cela facilitera la prise de décision basée sur les données et la collaboration au sein de la communauté de gestion des urgences. ICF fournira une solution modernisée basée sur Azure Databricks pour la mise en œuvre de FEMADex.

Die FEMA hat ICF (NASDAQ:ICFI) einen neuen Datenmodernisierungsauftrag über 17 Millionen US-Dollar erteilt, um eine cloud-basierte Daten-Austauschplattform, FEMADex, zu erstellen. Dieser Dreijahresvertrag zielt darauf ab, die Effizienz und Kosteneffektivität der Reaktion und Wiederherstellung bei Katastrophen zu verbessern. ICF wird seine Expertise im Katastrophenmanagement sowie fortschrittliche Technologien wie Cloud-Computing, generative KI, DevSecOps und fortgeschrittene Analytik nutzen, um die Plattform zu implementieren.

Die FEMADex-Plattform wird die Datenfreigabe- und Analysefähigkeiten der FEMA verbessern und es den Führungskräften ermöglichen, Daten aus mehreren Quellen zuzugreifen, zu analysieren und zu visualisieren. Dies wird datanutzbasierte Entscheidungsfindung und Zusammenarbeit innerhalb der Notfallmanagementgemeinschaft erleichtern. ICF wird eine modernisierte Lösung auf Basis von Azure Databricks zur Implementierung von FEMADex bereitstellen.

Positive
  • New $17 million contract awarded by FEMA
  • Three-year contract term (one-year base with two one-year options)
  • Opportunity to leverage ICF's expertise in disaster management and advanced technologies
  • Potential for improved efficiency and cost-effectiveness in FEMA's disaster response efforts
  • Expansion of ICF's partnership with FEMA
Negative
  • None.

Insights

The $17 million contract awarded to ICF by FEMA for the development of a cloud-based data exchange platform is a notable accomplishment in the tech sector, particularly in data modernization and cloud computing. ICF's choice of an Azure Databricks-based solution is significant because it leverages advanced data analytics, AI and machine learning capabilities, essential for efficient data handling and real-time decision-making. This integration of cutting-edge technologies will not only enhance FEMA's data analysis capabilities but also foster quick, data-driven decisions during disaster response, marking a substantial improvement in current emergency management practices.

From a financial perspective, the new $17 million contract with FEMA is a positive development for ICF. It strengthens the company's revenue stream and solidifies its position as a key player in federal contracts, particularly within the disaster management sector. Given ICF's extensive history with FEMA and its track record of managing large-scale projects, this contract adds a layer of financial stability and potential future opportunities within government projects. Investors might see this as a reinforcing factor for ICF's financial health and long-term growth prospects, particularly in the public sector.

This contract underscores ICF's market position as a leader in disaster management and digital modernization services. The partnership with FEMA showcases ICF's ability to handle complex, large-scale projects involving high-stakes data management and emergency response. The company's substantial experience in managing disaster recovery and mitigation funds, coupled with its advanced technology solutions, positions it favorably in a market that values reliable and innovative disaster response services. This deal could enhance ICF's reputation and attract more government and private sector contracts, further expanding its market reach.

ICF to Build Data Exchange Platform to Improve Disaster Response Efficiency

RESTON, Va., July 22, 2024 /PRNewswire/ -- The Federal Emergency Management Agency (FEMA) recently awarded global consulting and technology services provider ICF (NASDAQ:ICFI) a new $17 million data modernization contract to build a cloud-based data exchange platform to improve the efficiency and cost-effectiveness of their disaster response and recovery efforts. The contract, which was awarded by the Office of Policy and Program Analysis, has a term of three years, including a one-year base and two one-year option periods.

ICF will leverage their industry-leading disaster management expertise along with cloud computing, generative AI/AI, DevSecOps, Agile and advanced analytics capabilities to fully operationalize FEMA's new Data Exchange (FEMADex) platform. The new platform will improve FEMA data sharing and data analytics and allow leaders to access, analyze and rapidly visualize data from multiple sources and stakeholders. This will better facilitate data-driven decision-making and collaboration across the emergency management community.

ICF will implement FEMADex by delivering a modernized Azure Databricks-based solution from inception to execution.

"For over 25 years, ICF has proudly supported FEMA's disaster response efforts, and we are excited to expand our partnership with our leading-edge technology and data management capabilities," said James Morgan ICF chief operating officer. "Improving data quality, timeliness and accessibility will give FEMA leaders access to critical insights that will enable stronger knowledge sharing and better support to local communities as they look to make quicker, more informed decisions to help impacted citizens and improve disaster response efficiency."

A leader in data modernization solutions, ICF has managed and supported over 5,000 cloud instances for over 100 enterprise cloud projects across numerous federal agencies. With hundreds of technology certifications and accreditations, ICF has extensive experience implementing a full range of cloud capabilities from cloud operations, artificial intelligence (AI), machine learning (ML), cloud native development, cloud infrastructure, application modernization and migration, data sharing and more.

For over 20 years, ICF has been on the ground for some of the most significant natural disasters in U.S. history—serving over 150 state and local communities across over 86 disasters and managing over $88 billion in federal disaster recovery and mitigation funds. The company supports communities across the disaster management lifecycle—from assessment to public engagement and planning through implementation.

Read more about ICF's digital modernization and disaster management services and cloud solutions.

About ICF
ICF is a global consulting and technology services company with approximately 9,000 employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and various risks and uncertainties related to health epidemics, pandemics, and similar outbreaks. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fema-awards-icf-new-17-million-cloud-and-analytics-delivery-contract-302203002.html

SOURCE ICF

FAQ

What is the value and duration of ICF's new contract with FEMA?

ICF (NASDAQ:ICFI) has been awarded a new $17 million contract by FEMA with a term of three years, including a one-year base and two one-year option periods.

What is the purpose of the FEMADex platform being developed by ICF?

The FEMADex platform aims to improve FEMA's data sharing and analytics capabilities, allowing leaders to access, analyze, and rapidly visualize data from multiple sources to facilitate data-driven decision-making and collaboration in disaster response efforts.

What technologies will ICF use to implement the FEMADex platform?

ICF will leverage cloud computing, generative AI/AI, DevSecOps, Agile methodologies, and advanced analytics to implement FEMADex. The solution will be based on Azure Databricks.

How long has ICF been supporting FEMA's disaster response efforts?

ICF has been supporting FEMA's disaster response efforts for over 25 years, according to the press release.

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