NIC_Inc.

NIC Inc.

NIC Inc.

American technology company and digital government service provider

NIC Inc. (Nasdaq: EGOV)[1] is a digital government service provider for federal, state and local governments in the United States. It was founded in 1992 and is headquartered in Olathe, Kansas. Harry H. Herington[2] serves as the chief executive officer and chairman of the board. As Digital Government provider, NIC Inc. has long-term contracts with over 3,500 state and local government and federal agencies to provide the IT software, services, and payment processing solutions.[buzzword][3][4][5]

Quick Facts Company type, Traded as ...

NIC announced in February 2021 its plan to be acquired by Tyler Technologies.[6] The acquisition completed in April 2021.[7]

Background

The company has two primary segments including digital government software & services and payment processing solutions.[buzzword] The main service of the digital governmental solutions[buzzword] and services segment is providing out-sourced state eGovernment portals. Additionally, the other segment is engaged in developing payment processing solutions[buzzword] for state, local and federal governments.[4][8][9] NIC Federal generates revenue from a contract with Federal Motor Carrier Safety Administration for the development and management of their online Pre-employment Screen Program presence.[8]

Acquisitions

In 2018, NIC acquired Leap Orbit, a prescription drug-monitoring program (PDMP).[10]

In 2019, NIC acquired Complia, a Centennial, Colorado-based technology platform for government regulated cannabis. [11]

Recognition

In 2013, Forbes listed it as one of America's Best Small Companies.[12]

On February 24, 2014, The company's pre-employment screening program (PSP) customer service team was awarded a Bronze Stevie Award for supporting for the U.S. Department of Transportation Federal Motor Carrier Safety Administration (FMCSA).[13]

In 2014 and 2015, NIC was named one of Kansas City's Healthiest Employers. [14]

In 2017, CFO Steve Kovzan was recognized as a CFO of the Year by the Kansas City Business Journal. [15]

References

  1. [1]
    "NIC Inc". egov.com. Retrieved 2018-11-09.
  2. [2]
    "Harry Herington CEO". Bloomberg.com. Retrieved 2018-11-09.
  3. [3]
    "EGOV: Summary for NIC Inc.- Yahoo! Finance". Yahoo.finance.com. Retrieved 2014-02-23.
  4. [4]
    "EGOV: Summary for NIC Inc.- Yahoo! Finance". Yahoo.finance.com. Retrieved 2014-02-23.
  5. [5]
    "NIC: eGovernment Services for Federal, State and Local Government". Egov.com. Archived from the original on 2011-05-23. Retrieved 2014-02-24.
  6. [6]
    Press release
  7. [7]
    "Tyler Technologies closes NIC acquisition". Washington Technology. 21 April 2021. Retrieved 2021-04-21.
  8. [8]
    "EGOV: Summary for NIC Inc.- reuters.com". Reuters.com. Retrieved 2014-02-24.
  9. [9]
    "Payment Processing". www.gfoa.org. Retrieved 2018-11-09.
  10. [10]
    "Government IT company's acquisition boosts prescription drug-tracking business". www.bizjournals.com. Retrieved 2020-09-03.
  11. [11]
    "Olathe's NIC expands reach into cannabis with Colorado acquisition". www.bizjournals.com. Retrieved 2020-09-03.
  12. [12]
    "NIC on the Forbes America's Best Small Companies List". Forbes.com. Retrieved 2014-02-24.
  13. [13]
    "NIC Technologies' PSP Team Receives a Bronze Stevie Award For Sales and Customer Service". Yahoo Finance. Retrieved 2014-03-09.
  14. [14]
    "Healthiest Employers: NIC Inc". www.bizjournals.com. Retrieved 2020-09-03.
  15. [15]
    "Meet the 2017 CFO of the Year honorees". www.bizjournals.com. Retrieved 2020-09-03.
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