NCI Inc. has signed a definitive agreement to purchase 100 percent of the stock of AdvanceMed Corp., one of the largest and most well-established health care integrity program contractors focused on the federal government market. NCI said additional financial and acquisition information would be disclosed at closing in April.
NCI Information Systems Inc. ended its fourth quarter with record revenue, which mirrored a record revenue year in 2010. The company tallied $581 million in revenue for 2010, compared to $469 million in 2009 for an organic revenue growth rate of approximately 22 percent, the company reported.
NCI Information Systems Inc., a provider of IT, engineering and logistics services to the federal government, has named Brian Clark executive vice president, CFO and treasurer. Clark succeeds Judith Bjornaas, who resigned as CFO in December.
NCI will help the Air Force upgrade its wireless network program under a Netcents contract worth approximately $17.3 million.
NCI Information Systems Inc. has gotten two task orders from the Defense Department’s Network Centric Solutions contract that have a cumulative value of about $18.5 million.
Spurred by prime federal contracts, NCI’s revenues rose 17 percent in the second quarter of 2010 to $126.6 million compared to $108.5 million for the second quarter of 2009, the company reported August 4 at the close of business.
NCI Information Systems Inc. will provide a wide range of support services to the Army Program Executive Office Soldier under a new contract.
NCI Inc. will provide information technology support services at a pair of Army bases under a five-year task order that could be worth as much as $14 million if all option periods are exercised.
NCI remains cautious about its acquisitions and prefers to keep the focus on organic growth.
Washington Technology ranks the 2009 mergers and acquisitions that had the biggest impact in the government market.
NCI Inc. will assist the Defense Information Systems Agency in its BRAC relocation efforts to Fort Meade, Md., under a one-year task order that could be worth as much as $83.7 million.