Incorrect Reporting of Maximus Inc. (NYSE: MMS)

Rhea-AI Summary

Maximus (NYSE: MMS) clarifies confusion surrounding its identity, as some media outlets mistakenly report it as a privately-held Canadian agriculture technology firm. This error follows Ingersoll Rand's (NYSE: IR) announcement of an acquisition involving the Canadian company. Maximus has been delivering government services globally since 1975, focusing on enhancing citizen engagement with government agencies. It operates with over 34,000 employees across multiple countries, aiming to improve government program outcomes.

Positive

• Maximus has a long-standing history since 1975, which may instill investor confidence.
• The company operates in multiple countries, indicating diversified revenue streams.
• Presence of a robust workforce with over 34,000 employees highlights operational capacity.

Negative

• Confusion with a similarly named Canadian firm may impact brand reputation.
• Public relations issues could arise from misleading media coverage.

Maximus (NYSE: MMS), a leading provider of government services worldwide, is aware of incorrect reporting circulating among certain news outlets. Maximus, Inc., a Virginia corporation with the ticker symbol MMS, has been mistaken for a privately-held Canadian firm in the agriculture technology business bearing a similar name. Earlier today, Ingersoll Rand (NYSE:IR) announced an agreement to acquire the Canadian firm.

About Maximus

Since 1975, Maximus has operated under its founding mission of Helping Government Serve the People^®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. Maximus delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability, and efficiency of government-sponsored programs. With more than 34,000 employees worldwide, Maximus is a proud partner to government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden, and the United Kingdom. For more information, visit maximus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005614/en/

FAQ

What is the recent clarification made by Maximus (MMS)?

Maximus clarified that it is not the privately-held Canadian agriculture firm mistakenly reported by some media.

What triggered the clarification from Maximus (MMS)?

The clarification follows Ingersoll Rand's announcement to acquire the Canadian firm with a similar name.

How long has Maximus (MMS) been in business?

Maximus has been operating since 1975, focusing on government services.

In how many countries does Maximus (MMS) operate?

Maximus operates in several countries, including the United States, Canada, Italy, and the UK.

How many employees does Maximus (MMS) have?

Maximus employs over 34,000 people worldwide.