HHS Awards ICF $125 Million in IT Modernization and Technical Assistance Contracts

Rhea-AI Summary

On October 7, 2020, ICF (NASDAQ: ICFI) announced the award of two re-compete contracts from the U.S. Department of Health and Human Services' Children's Bureau, worth up to $125 million. These contracts extend ICF's role in modernizing child welfare IT systems and operating its child welfare clearinghouse. The first contract, valued at $94 million, focuses on managing the Child Welfare Information Gateway and enhancing its digital infrastructure. The second, worth $31 million, involves maintaining federal data systems and transitioning to a cloud-based platform.

Positive

• Awarded two contracts totaling up to $125 million from HHS Children's Bureau.
• First contract valued at $94 million focuses on managing the Child Welfare Information Gateway.
• Digital transformation initiatives to modernize IT systems under both contracts.
• Second contract worth $31 million supports key federal data systems and cloud transition.

Negative

• None.

FAIRFAX, Va., Oct. 7, 2020 /PRNewswire/ -- ICF (NASDAQ: ICFI), a global consulting and digital services provider, was recently awarded two re-compete contracts valued up to $125 million by the U.S. Department of Health and Human Services' (HHS) Children's Bureau (CB) to operate and modernize its child welfare clearinghouse and provide technical assistance to states and tribes in modernizing their child welfare IT systems. The scope of work was expanded from the previous contracts to include $35 million in IT modernization work. Each contract has a term of five years, including a one-year base and four one-year option periods.

Under the first agreement, which is valued at $94 million, ICF will continue to manage the Child Welfare Information Gateway, an important resource for getting essential research, best practices, CB guidance and data into the hands of child welfare and related professionals to aid in their efforts to protect children and strengthen families. The contract was also expanded to include substantial digital transformation work, where ICF will modernize the clearinghouse's aging IT infrastructure and rehost it on a more secure cloud-based platform.

Under the second agreement, which is valued at $31 million, ICF will continue to manage two key federal data reporting systems and will assist with the transition of one of the systems to the new cloud-based National Child Welfare Data Management System, which will be developed and implemented by ICF. Under an expanded portion of the contract, ICF will provide technical assistance and guidance to state and tribal child welfare agencies in developing and implementing modernized IT systems to support their child welfare programs.

"ICF has managed CB's clearinghouses since 1990 and, under the guidance of CB, evolved this much-needed resource into a responsive, innovative service that supports child welfare professionals," said Mark Lee, ICF senior vice president and public sector lead. "We are excited to continue this dynamic partnership and help the agency build a more secure, modernized technology infrastructure designed to serve the needs of a 21st-century child welfare system."

One of the leading providers of cloud-based platform services to the U.S. federal government, ICF combines the best of advanced analytics, industry expertise and enterprise technologies to build agile solutions for clients. The company supports nearly every federal agency and a growing set of state and local clients with a wide variety of services, including strategic consulting, analytics, human capital management, cloud-based platform modernization, enterprise cybersecurity, disaster management, resilience planning and more. ICF was recently named to G2Xchange's NXT UP list of top Federal Emerging Technology and Consulting firms.

Read more about ICF's digital transformation and social programs services.

About ICF
ICF is a global consulting services company with over 7,000 full- and part-time 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 the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. 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

View original content to download multimedia:http://www.prnewswire.com/news-releases/hhs-awards-icf-125-million-in-it-modernization-and-technical-assistance-contracts-301147757.html

SOURCE ICF

FAQ

What contracts were awarded to ICF on October 7, 2020?

ICF was awarded two contracts by the U.S. Department of Health and Human Services' Children's Bureau, valued up to $125 million.

How much are the contracts awarded to ICF worth?

The total worth of the contracts awarded to ICF is up to $125 million.

What is the purpose of the contracts awarded to ICF?

The contracts are aimed at modernizing child welfare IT systems and operating the child welfare clearinghouse.

What is the value of the first contract awarded to ICF?

The first contract awarded to ICF is valued at $94 million.

What services will ICF provide under the second contract?

Under the second contract, ICF will manage key federal data systems and assist in transitioning to a cloud-based platform.