ICF makes $100M deal for Web developer

ICF International Inc. will pay $100 million in cash to buy Ironworks Consulting LLC, an interactive web development firm.

The purchase will be funded through ICF’s existing bank credit line, the Dec. 12 ICF announcement said.

Ironworks, of Glen Allen, Va., provides customer engagement solutions across web, mobile and social media platforms to the health, energy and financial services industries, as well as to federal government agencies and nonprofit organizations.

For 2011, Ironworks is expected to have revenues of $57 million and an operating income margin of greater than 20 percent, the announcement added.

Founded in 2001, Ironworks offers integrated customer-facing applications, including interactive, portal and content management solutions, and business and IT alignment services to Fortune 500 companies and government agencies.

Ironworks’ federal clients include the Centers for Disease Control and Prevention, Veterans Affairs Department and the National Science Foundation, among others.

ICF International Inc., of Fairfax, Va., ranks No. 64 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our July 12 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.