Maximus secures $323M SEC document filing system modernization award

Via one of its most recent acquisitions, Maximus has booked a new contract to continue helping the Securities and Exchange Commission modernize a filing and storage system that houses information on companies.

Maximus will provide agile development and cybersecurity services as part of its overall enterprise IT work under the potential 10-year, $323 million task order to support the EDGAR system.

The SEC awarded the order via its One IT contract vehicle and to a proposal submitted by Attain, Maximus said Tuesday. Attain sold its federal business to Maximus in March and that transaction included the position on One IT, which was originally awarded in 2018.

Attain was also the only company to submit a proposal for the EDGAR project and the order was finalized in September, according to Federal Procurement Data System information.

EDGAR stands for Electronic Data Gathering, Analysis and Retrieval system. It is the SEC’s clearinghouse to automatically collect, validate, index and accept documents filed by publicly-traded companies and other businesses that are required by law to disclose financial information about themselves.

The SEC first awarded Attain a contract in 2013 to help modernize the EDGAR system that is heavily used by individual and institutional investors, the companies themselves to watch their competition and even media.