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ICF Completes Acquisition of Creative Systems and Consulting

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On January 3, 2022, ICF (NASDAQ: ICFI) announced the completion of its acquisition of Creative Systems and Consulting, a provider of IT modernization solutions for U.S. federal agencies. This acquisition enhances ICF's digital transformation service offerings and leverages Creative's expertise in cloud solutions, data analytics, and customer experience, particularly within Salesforce and ServiceNow platforms. The integration aims to strengthen ICF's position in the federal market, benefiting from Creative's skilled 270-person team.

Positive
  • Acquisition expands ICF's digital transformation capabilities.
  • Creative's expertise in cloud and data analytics will enhance service offerings.
  • Integration expected to strengthen ICF's position in the federal sector.
Negative
  • None.

FAIRFAX, Va., Jan. 3, 2022 /PRNewswire/ -- ICF (NASDAQ: ICFI), a global consulting and digital services provider, announced today that it has completed the acquisition of Creative Systems and Consulting (Creative), a premier provider of IT modernization and digital transformation solutions to U.S. federal agencies. The company announced its intent to acquire Creative last month.

Founded in 2010, Creative provides federal agencies with a full suite of capabilities including digital strategy, cloud and infrastructure solutions, customer experience and data analytics. Their 270-person team brings substantial expertise in Salesforce as well as the Microsoft and ServiceNow platforms, complementing ICF's leading ServiceNow and Appian capabilities.

Read more about the acquisition and ICF's digital transformation services.

About ICF
ICF is a global consulting services company with approximately 7,500 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

 

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SOURCE ICF

FAQ

What is the significance of ICF's acquisition of Creative Systems and Consulting?

The acquisition enhances ICF's digital transformation capabilities and strengthens its service offerings to U.S. federal agencies.

How many employees does Creative Systems and Consulting have?

Creative Systems and Consulting has a team of 270 employees.

What services does Creative provide to federal agencies?

Creative offers IT modernization, digital strategy, cloud solutions, customer experience, and data analytics.

What platforms does Creative specialize in?

Creative specializes in Salesforce, Microsoft, and ServiceNow platforms.

When did ICF announce the acquisition?

ICF announced the acquisition on January 3, 2022.

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