Washington Business Journal | @WBJonline
January 13, 2020, 4:35 PM
ICF International Inc. (NASDAQ: ICFI) made waves Monday with the first major acquisition deal of CEO John Wasson’s young tenure, acquiring Incentive Technology Group LLC of Crystal City.
“ITG is focused on the [information technology] modernization and cloud market, which is a rapidly growing market in the federal arena,” Wasson said in an interview with Washington Business Journal. “It’s a scenario where we’ve been building organically, but we certainly needed and wanted more scale and greater depth of capabilities in this area.”
The $255 million deal, funded by a mix of ICF’s operating cash flow and company credit, bolsters the larger company’s holdings in the technology consulting market by adding capabilities such as enterprise architecture development, cloud platform implementation, agile systems engineering and next-generation tech –