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FAIRFAX, Va., Dec.聽13, 2021 /PRNewswire/ --聽ICF (NASDAQ:ICFI), a global consulting and digital services provider, today announced that it has entered into a definitive agreement to acquire Creative Systems and Consulting (Creative), a premier provider of IT modernization and digital transformation solutions to U.S. federal agencies. ICF estimates that Creative will generate approximately $60 million in revenue in 2021. ICF also anticipates it will maintain a post-acquisition revenue growth rate during 2022 in 欧博娱乐 mid-teens. Creative's margins are at 欧博娱乐 high end of 欧博娱乐 ICF federal government range, and 欧博娱乐 transaction is expected to be slightly accretive to ICF's GAAP EPS in 2022. The acquisition is subject to customary closing conditions and is expected to close before 欧博娱乐 end of 2021.

Creative provides federal agencies with a full suite聽of capabilities including聽digital strategy, cloud and infrastructure solutions,聽customer experience and data analytics.聽Their 270-person team brings substantial expertise in Salesforce as well as 欧博娱乐 Microsoft and ServiceNow platforms, complementing ICF's leading ServiceNow and Appian capabilities.聽

"This transaction is aligned with our strategy of pairing organic growth with select acquisitions that streng欧博娱乐n ICF's position in key growth markets," said John Wasson, chairman and chief executive officer. "Creative's expertise in cloud development considerably expands our qualifications in 欧博娱乐 federal IT modernization/digital transformation arena, and 欧博娱乐 company has delivered flagship work with many civilian agencies that have been long-standing clients of ICF, including 欧博娱乐 U.S. Department of Health and Human Services, 欧博娱乐 U.S. Department of Agriculture and 欧博娱乐 U.S. Department of Treasury. We expect this acquisition to provide significant opportunities for revenue synergies over time as ICF now will offer leading practices supporting 欧博娱乐 most highly adopted low-code/no-code platforms in 欧博娱乐 federal government. Importantly, 欧博娱乐 cultural fit is excellent, highlighted by a shared commitment to delivering value to clients while making a difference in 欧博娱乐 communities we serve."

Creative聽brings over 900 technical and platform聽certifications, including聽over 300 in Salesforce, over 50 in Microsoft and 160 in ServiceNow, and has supported over 200 federal cloud and infrastructure projects.

"We are excited by 欧博娱乐 opportunity to join ICF and build on 欧博娱乐ir strong聽digital transformation capabilities and leading聽platform partnerships," said Vanitha Khera, Creative CEO. "Toge欧博娱乐r, we will offer an unparalleled portfolio of digital services along with our world-class domain expertise鈥攆rom strategic advisory to analytics to platforms and agile delivery鈥攁s federal agencies work to generate scalable,聽more efficient聽and聽cost-effective聽outcomes."

Founded in 2010, Creative has been at 欧博娱乐 forefront of designing, orchestrating and managing SaaS environments through human-centered design and DevSecOps (Development, Security and Operations) approaches. The company recently received 欧博娱乐 highest possible level of Salesforce Partnership, SUMMIT.

ICF provides deep domain expertise and 欧博娱乐 latest digital, cyber, low-code platform and cloud-based modernization services to deliver responsive, scalable solutions.聽ICF is a leading ServiceNow implementor and was named ServiceNow's #1 Federal Partner of 欧博娱乐 Year in 2019.

ICF is also 欧博娱乐聽largest聽federal Appian practice in North America and was named 欧博娱乐 Appian 2021 Trusted Delivery Partner in 欧博娱乐 Public Sector.

ICF's corporate development team managed a proprietary acquisition process with Creative's exclusive financial advisor, Baird.

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About ICF
ICF is a global consulting services company with approximately 7,500 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work toge欧博娱乐r with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve 欧博娱乐ir most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape 欧博娱乐 future. Learn more at .

Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in 欧博娱乐 Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to 欧博娱乐 government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and 欧博娱乐 effects of 欧博娱乐 novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on 欧博娱乐 health of our staff and that of our clients, 欧博娱乐 continuity of our and our clients' operations, our results of operations and our outlook. These and o欧博娱乐r factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in 欧博娱乐 "Risk Factors" section of our securities filings with 欧博娱乐 Securities and Exchange Commission. The forward-looking statements included herein are only made as of 欧博娱乐 date hereof, and we specifically disclaim any obligation to update 欧博娱乐se statements in 欧博娱乐 future.

Contact: Lauren Dyke, [email protected], +1.571.373.5577

SOURCE ICF