Asgn Inc Stock Price, News & Analysis

ECS, a leader in technology and engineering solutions, has secured a five-year, $28.8 million contract with the United States Marine Corps (USMC) to provide information technology service and support. This contract enables M&RA to optimize human resources for active and reserve members. ECS will leverage its expertise in AWS GovCloud to enhance the Manpower Information Portal and support over 50 cloud applications. The company has over two decades of experience with USMC, having previously established cloud environments meeting stringent security requirements.

Apex Systems has partnered with University of Maryland Global Campus (UMGC) to enhance upskilling and reskilling initiatives, particularly for military veterans pursuing careers in cybersecurity. The collaboration offers tuition discounts for UMGC courses to Apex consultants completing Cyber Security Analyst Training. Apex employees can earn academic credits towards degrees after passing IT certification exams. This alliance aims to strengthen Apex's workforce development strategy and improve educational accessibility for veterans, accelerating their path to degree completion and career advancement.

ASGN Incorporated (NYSE: ASGN) announced its acquisition of Integrated Solutions Management, Inc. (ISM), which specializes in IoT technology and IT service management. Founded in 1991, ISM is recognized as an Elite ServiceNow partner, delivering significant deployments across sectors such as defense and healthcare. With approximately 75 skilled employees, ISM will enhance ASGN’s ECS segment, focusing on digital solutions for government and commercial clients. This acquisition aims to strengthen ASGN’s competitive edge in digital transformations.

ECS, a technology solutions provider and a segment of ASGN, announced a strategic partnership with Integrated Solutions Management (ISM), enhancing capabilities in IoT and IT strategies. This collaboration aims to leverage the ServiceNow platform to improve efficiencies and manage critical infrastructure in a post-COVID landscape. ECS has a strong foothold with over 20 years of experience in IT modernization and digital transformation, including managing IT operations for the USNS Mercy. The partnership looks to address asset management, IT operations, and security operations for remote workforce capabilities.

ASGN Incorporated (NYSE: ASGN) reported Q3 2020 revenues of $1.01 billion, a 0.9% increase year-over-year and 8.0% growth sequentially. Net income fell 8.9% to $52.3 million ($0.99 per diluted share). Adjusted EBITDA decreased to $113.3 million (11.2% of revenues). The federal government sector showed strong growth with a 40% annual increase, while commercial revenues declined 9.2% year-over-year. The firm completed two acquisitions, enhancing its service offerings. Cash and equivalents stood at $229.7 million.

ECS, a leader in technology solutions, has been ranked #14 among the 250 Top Managed Security Service Providers (MSSPs) by MSSP Alert. The list highlights successful MSSPs globally, considering metrics like revenue and operational excellence. ECS was recognized for its managed detection and response (MDR) and extended detection and response (XDR) services from its security operations center. This accolade follows previous recognition as a top public cloud MSP and #1 vertical market MSP in 2019 and 2020, showcasing ECS's robust performance in the cybersecurity sector.

ASGN Incorporated (NYSE: ASGN) will release its third quarter 2020 financial results on October 28, 2020, at approximately 4:15 p.m. EDT. A quarterly conference call will follow at 4:30 p.m. EDT, hosted by CEO Ted Hanson. The prepared remarks will be posted on its website beforehand. Investors can access the call at 877-407-0792, with a replay available from 8:00 p.m. EDT on the same day until November 11, 2020. ASGN is a leading provider of IT and professional services across various sectors, aiming to be a trusted partner for human capital solutions.

ASGN Incorporated (NYSE: ASGN) has announced the acquisition of Skyris, LLC, enhancing its ECS segment's capabilities in geospatial intelligence and data analytics for federal clients. Founded in 2010, Skyris is a major contractor for the National Geospatial-Intelligence Agency (NGA), providing remote sensing and data science expertise. The acquisition adds about 75 skilled employees to ECS and aims to leverage Skyris' proprietary Data-as-a-Service platform for improved intelligence operations. Financial terms of the deal were not disclosed, but equity grants for Skyris employees were included.