Discover how we help clients achieve success. ICF to Acquire SemanticBits. Strategic agency for engagement and transformation. Approximately $115 million of that is expected to be recurring in 2023 . About ICFICF (NASDAQ:ICFI) is a global consulting services company with approximately 8,000 full- and part-time employees, but we are not your typical consultants. Grain, Ukraine, and the coming price hike at home 4 hours ago Today SemanticBits designs and develops health IT software and data management solutions for federal health agencies, including the Centers for Medicare and Medicaid Services. Please enter a search term. To participate in the call, please dial 1-877-270-2148. Discover how we help clients achieve success. We've acquired SemanticBits, a premiere partner to U.S. federal health agencies for mission-critical digital modernization solutions. Learn more at icf.com. Conference Call to be Held Today at 5pm Eastern Time. Approximately $115 million of that is expected . News. Read more about ICF and SemanticBits. KNWA; FOX24; Around Arkansas; Russia and Ukraine Conflict FAIRFAX, Va., July 14, 2022 /PRNewswire/ -- ICF (NASDAQ: ICFI), a global consulting and digital services provider, announced today that it has completed the acquisition of SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions. Primary Menu. Such statements may concern our current expectations about SemanticBits' revenue and post-acquisition revenue rate, the expected closing date, our expectations regarding future opportunities for synergies, 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; and our ability to acquire and successfully integrate businesses, including the SemanticBitsbusiness. View 5 change management tips for government leaders. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Strategic agency for engagement and transformation. The company announced its intent to acquire SemanticBits last month. Learn more at icf.com. Notify me of follow-up comments by email. The company announced its intent to acquire SemanticBits last month. In 2021, ICF acquired two companies: "This latest acquisition is in keeping with our strategy to complement organic growth with acquisitions that strengthen ICF's position in key growth markets and provide meaningful revenue synergies over time," said John Wasson, ICF chair and chief executive officer. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Jackie Gilbert is a Content Analyst for FedHealthIT and Author of 'Anything but COVID-19' on the Daily Take Newsletter for G2Xchange Health and FedCiv. Find out how our purpose shapes our culture, people, and mission-driven work. ICF (NASDAQ: ICFI), a global consulting and digital services provider, announced today that it has completed the acquisition of SemanticBits, a premier partner to U.S. federal health agencies for . See how we help fast-changing industries succeed. News. Learn more at icf.com. Approximately $115 million of that is expected to be recurring in 2023, reflecting the completion of several small business contracts. Top Stories Summer camps giving students a look into future careers Video. Broadens ICF's Digital Modernization Capabilities with Leading Open-Source Solutions for U.S. Federal Agencies, Health IT Capabilities Significantly Expand ICF's Addressable Market, Transaction Expected to be Accretive to ICF's EPS Upon Closing, Conference Call to be Held Today at 5pm Eastern Time. Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577. Local; Your Local Election HQ; Road to Recovery; Alabama manhunt ICF plans to provide updated financial guidance for full-year 2022 that includes the expected contribution from the SemanticBits acquisition when it issues its second quarter results in early August. Discover our insights for a sustainable, low-emissions future. SC man hopes to break own golf-cart speed record 18 mins ago Founded in 2005, SemanticBits' team of 450 technologists and practitioners bring demonstrated success with large federal health IT projects and expertise across 30 technology platforms, using a fully agile approach that complements ICF's deep federal health domain expertise and digital modernization capabilities. Coronavirus; Connecticut; Live Traffic Map; Health; Back to School Please enter a search term. ICF plans to provide updated financial guidance for full-year 2022 that includes the expected contribution from the SemanticBits acquisition when it issues its second quarter results in early August. Primary Menu. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Please enter a search term. 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. The transaction is subject to regulatory and customary conditions and is expected to close in mid-July. "We're excited to join ICF where together we'll be able to support federal agencies with a combination of deep domain expertise and advanced technology solutions that . Primary Menu. FAIRFAX, Va., June 8, 2022 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and digital services provider, today announced that it has entered into a definitive agreement to acquire SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions. Primary Menu. Local News; Kansas; National; Russia and Ukraine Conflict Please enter a search term. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Write CSS OR LESS and hit save. Tower Bridge, Delta King among the landmarks people 10 hours ago ICF to Acquire SemanticBits Mergers & Acquisitions June 12, 2022 ICF has entered into a definitive agreement to acquire SemanticBits, a partner to U.S. federal health agencies for mission-critical digital See how we support our people, protect the planet, and give back to communities. Primary Menu. Please enter a search term. Please enter a search term. ICF's corporate development team managed a proprietary acquisition process with SemanticBits'exclusive financial advisor, G Squared Capital Partners. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. News. We completed the acquisition of SemanticBits, which . CRM 2. Investor information contact:Lynn Morgen, AdvisIRy Partners,lynn.morgen@advisiry.com, +1.212.750.5800, David Gold, AdvisIRy Partners,david.gold@advisiry.com, +1.212.750.5800, Company information contact:Lauren Dyke, ICF,lauren.dyke@icf.com, +1.571.373.5577. See how we help fast-changing industries succeed. ", "SemanticBits' strong position at CMS also significantly expands ICF's addressable market to include this large agency, which is committed to strengthening and modernizing the country's healthcare system to provide access to high-quality care," Wasson continued. The live webcast . We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. ICF's corporate development team managed a proprietary acquisition process with SemanticBits' exclusive financial advisor, G Squared Capital Partners. ICF has entered into a definitive agreement to acquire SemanticBits, a partner to U.S. federal health agencies for mission-critical digital modernization solutions. ICF (NASDAQ: ICFI), a global consulting and digital services provider, announced today that it has completed the acquisition of SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions.The company announced its intent to acquire SemanticBits last month. Please enter a search term. As one of the industry's leading digital service and platform providers using open-source, SemanticBits scales our rapidly growing set of digital modernization capabilities and, together with our deep federal health expertise, will enable ICF to support larger, more complex projects across federal civilian agencies. Local News; Local Crime; NE Regional News; Science & Technology ICF, a global consulting and digital services provider, today announced that it has entered into a definitive agreement to acquire SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions., SemanticBits is expected to generate approximately $135 million in annual revenue in 2022. "Together, we can scale our ability to support federal agencies and help unlock new health insights and critical opportunities.". These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. News. ", "SemanticBits' strong position at CMS also significantly expands ICF's addressable market to include this large agency, which is committed to strengthening and modernizing the country's healthcare system to provide access to high-quality care," Wasson continued. News. SemanticBits is expected to generate approximately $135 million in annual revenue in 2022. News. ICF Jun 08, 2022, 4:05 PM ET Broadens ICF's Digital Modernization Capabilities with Leading Open-Source Solutions for U.S. Federal Agencies ; Health . SemanticBits is expected to generate approximately $135 million in annual revenue in 2022. As one of the industrys leading digital service and platform providers using open-source, SemanticBits scales our rapidly growing set of digital modernization capabilities and, together with our deep federal health expertise, will enable ICF to support larger, more complex projects across federal civilian agencies' Read the full press release here. ICF (NASDAQ: ICFI), a global consulting and digital services provider, announced today that it has completed the acquisition of SemanticBits, a premier partner to U.S. federal health agencies for . Commercial revenue was $107.8 million, compared to $107.4 million in the year-ago quarter. These statements may 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; and our ability to successfully integrate businesses, including the SemanticBits business. Founded more than 15 years ago as a life sciences and bioinformatics firm, SemanticBits supported healthcare research organizations and academic medical institutions, like the National Cancer Institute and Duke University. The company announced its intent to acquire SemanticBits last month. Founded in 2005, SemanticBits provides a full suite of scalable digital modernization services using cloud and open-source frameworks, including end-to-end agile at-scale development capabilities, cloud-native solutions, data analytics and human-centered design. The largest internet software and services acquisition in 2022 was VMware - which was acquired by Broadcom for $61.0B. News. https://event.choruscall.com/mediaframe/webcast.html?webcastid=kWj61mtk, Defense Health Agency Selects ICF for $30 Million Contract. The $220 million transaction will be funded by ICFs existing credit facility. Find out how our purpose shapes our culture, people, and mission-driven work. Their 450-person team of technologists and practitioners bring a history of demonstrated success with large federal health IT projects and expertise across 30 technology platforms. Join Mergr to view all 648 acquisitions of internet software and services companies in 2022, including 36 acquisitions by private equity firms, and 612 by strategics. Local News. Savannah News; Local News; Crime & Safety; Back To School FAIRFAX, Va., June 8, 2022 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and digital services provider, today announced that it has entered into a definitive agreement to acquire SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions. To participate in the call, please dial 1-877-270-2148. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Please enter a search term. CTRL + SPACE for auto-complete. AMZN 4. Department of Labor Selects ICF for New $14 Million Workforce Development Contract. June 8, 2022. ICF to Acquire SemanticBits PR Newswire FAIRFAX, Va., June 8, 2022 Broadens ICF's Digital Modernization Capabilities with Leading Open-Source Solutions for U.S. Federal AgenciesHealth IT Capabiliti. Live Streams; On-Demand Video; Live Stream Schedule Conference Call DetailsICF's management will further discuss its definitive agreement to acquire SemanticBits at 5:00 p.m. Conference Call DetailsICF's management will further discuss its definitive agreement to acquire SemanticBits at 5:00 p.m. Broadens ICF's Digital Modernization Capabilities with Leading Open-Source Solutions for U.S. Federal Agencies Health IT Capabilities Significantly Expand. ICF to Acquire SemanticBits Investor information contact:Lynn Morgen, AdvisIRy Partners,lynn.morgen@advisiry.com, +1.212.750.5800, David Gold, AdvisIRy Partners,david.gold@advisiry.com, +1.212.750.5800, Company information contact:Lauren Dyke, ICF,lauren.dyke@icf.com, +1.571.373.5577, View original content to download multimedia:https://www.prnewswire.com/news-releases/icf-to-acquire-semanticbits-301564282.html, https://event.choruscall.com/mediaframe/webcast.html?webcastid=kWj61mtk, https://www.prnewswire.com/news-releases/icf-to-acquire-semanticbits-301564282.html, Ireland sells 5% of AIB for 397 million euros, Oil Edges Lower as China Covid Cases Swell, Dollar Strengthens, ECB's de Guindos: Quantitative tightening to start for sure in 2023, Bayer Profit Boosted by Demand for Seeds and Weed Killer, Ukraine Latest: Power Supply Curbs; EU Discusses Help. Strengthening health outcomes with digital modernization capabilities, Our top 5 change management best practices. 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. We've acquired SemanticBits, a premiere partner to U.S. federal health agencies for mission-critical digital modernization solutions. ICF to Acquire SemanticBits. This latest acquisition is in keeping with our strategy to complement organic growth with acquisitions that strengthen ICFs position in key growth markets and provide meaningful revenue synergies over time, said John Wasson, ICF chair and chief executive officer. New studies connect Covid-19 and long-term cognitive 7 hours ago The transaction is expected to be accretive to ICF's EPS upon closing. To participate in the call, please dial 1-877-270-2148. Please enter a search term. Please enter a search term. News. Please enter a search term. SemanticBits supports U.S. federal health agencies, primarily the Centers for Medicare & Medicaid Services (CMS).. "This latest acquisition is in keeping with our strategy to complement organic growth with acquisitions that strengthen ICF's position in key growth markets and provide meaningful revenue synergies over time," said John Wasson, ICF chair and chief executive officer. Top Stories; Local News; Watch; West Virginia; Ohio; Pennsylvania Founded more than 15 years ago as a life sciences and bioinformatics firm, SemanticBits supported healthcare research organizations and academic medical institutions, like the National Cancer Institute and Duke . The transaction is expected to be accretive to ICFs EPS upon closing., SemanticBits provides a full suite of scalable digital modernization services using open-source frameworks, including end-to-end agile at scale development capabilities, cloud-native solutions, data analytics and human-centered design. View 5 change management tips for government leaders. ICF acquires leading health IT company, SemanticBits. To listen to the live webcast, please register at least 15 minutes prior to the live event and download and install any necessary software. Wildfire Watch 2022; Coronavirus; Eye on NW Politics ", "We are excited to join ICF and offer our civilian agency clients advanced health IT technology and data science solutions informed by deep domain expertise," said Ram Chilukuri, chief executive officer ofSemanticBits. support federal agencies with their large and complex data management projects. SemanticBits is expected to generate approximately . "SemanticBits' advanced health IT and data science solutions accelerate and improve mission impact and health outcomes. ICF's corporate development team managed a proprietary acquisition process with SemanticBits' exclusive financial advisor, G Squared Capital Partners. Live Now: KRON4 News streaming on KRONon; Watch Live News About ICFICF (NASDAQ:ICFI) is a global consulting services company with approximately 8,000 full- and part-time employees, but we are not your typical consultants. To participate in the call, please dial 1-877-270-2148. Consulting services company ICF (Nasdaq: ICFI) has agreed to acquire SemanticBits for approximately $220 million to expand its health information . Primary Menu. News. To participate . The transaction is expected to be accretive to ICF's EPS upon closing. ICF (NASDAQ:ICFI), a global consulting and digital services provider, today announced that it has entered into a definitive agreement to acquire SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions.. SemanticBits is expected to generate approximately $135 million in annual revenue in 2022. FAIRFAX, Va., July 14, 2022 /PRNewswire/ -- ICF (NASDAQ: ICFI ), a global consulting and digital services provider, announced today that it has completed the acquisition of SemanticBits, a premier . ICF plans to provide updated financial guidance for full-year 2022, which will . ET on June 8, 2022. 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. The $220 million transaction will be funded by ICF's existing credit facility. StreetInsider.com Top Tickers, 6/8/2022. FAIRFAX, Va., July 14, 2022 /PRNewswire/ -- ICF (NASDAQ: ICFI), a global consulting and digital services provider, announced today that it has completed the acquisition of SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions. To participate in . ET on June 8, 2022. ICF International will fund the transaction from . SemanticBits is excited to share that we will be acquired by ICF, a global consultancy and provider of digital modernization services to government agencies. KRQE NEWS 13 - Breaking News, Albuquerque News, New Mexico News, Weather, and Videos About ICF ICF (NASDAQ:ICFI) is a global consulting services company with approximately 8,000 full- and part-time employees, but we are not your typical consultants. Discover our insights for a sustainable, low-emissions future. Energy markets revenue increased 15.5% and represented 66.7% of commercial revenue. ICF expects SemanticBits to generate approximately $135 million in 2022 revenue and expects about $115 million of that to recur in 2023, according to a news release. ICF plans to provide updated financial guidance for full-year 2022, which will . SemanticBits is expected to generate approximately $135 million in annual revenue in 2022. John Wasson, ICF. Approximately $115 million of that is expected to be recurring in 2023, reflecting the completion of several small business contracts. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. See how we support our people, protect the planet, and give back to communities. Please enter a search term. Primary Menu. Primary Menu. We're committed to growing our digital modernization capabilities and welcome our new colleagues who deepen our expertise in open-source and cloud solutions, including artificial intelligence, machine learning, and more. Caution Concerning Forward-looking StatementsStatements 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.
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