Asgn Inc Stock Price, News & Analysis

TopBloc, an ASGN (NYSE: ASGN) brand and Workday Services Partner, has been awarded the 2025 Workday Business Impact Partner of the Year. The company achieved recognition for delivering a record number of Workday implementations, particularly excelling in the Medium Enterprise segment.

Under CEO Christopher Skinner's leadership, TopBloc has demonstrated outstanding service excellence through their proprietary data transformation tool SmartLoader, now in its eighth year. The tool accelerates deployment projects through automation, enabling faster and higher-quality implementations.

Following its integration with ASGN, TopBloc is expanding its AI-driven solutions to enhance efficiency through automation, surface critical insights in data, and optimize business processes, helping clients maximize their Workday systems' value.

ASGN Incorporated (NYSE: ASGN) has completed its previously announced acquisition of TopBloc, for $340 million in cash and equity. The acquisition integrates TopBloc's team into ASGN's Consulting Services, strengthening ASGN's position in ERP and Workday marketplace solutions.

Additionally, Shiv Iyer has officially assumed the role of President, succeeding Rand Blazer who transitions to Executive Vice Chairman. Iyer, formerly leading Accenture's Consulting and Industry X solutions across the Americas, brings extensive consulting experience to ASGN.

As part of the closing, ASGN is granting restricted stock unit (RSU) awards to 41 key TopBloc employees, covering approximately 150,000 shares. The company also awarded Iyer 44,162 RSUs and will provide an additional $2.875 million in performance-based RSUs.

ECS, an ASGN brand and IT systems integrator, has been named Elastic's Top Services Partner of 2024. The award recognizes ECS's excellence in deploying Elastic solutions for search, security, and observability applications. ECS maintains the largest team of Elastic-certified engineers among partners and manages one of the world's largest Elastic environments.

Notable implementations include the Continuous Diagnostics and Mitigation (CDM) Dashboard Ecosystem for CISA since 2019, enabling real-time data sharing across 90+ federal agencies, and the Army Endpoint Security Solution (AESS), protecting 800,000 endpoints across the U.S. Army's global infrastructure. ECS leverages Elastic's platform for their security operations center, providing advanced threat hunting, detection, and response capabilities.

Creative Circle, an ASGN brand (NYSE: ASGN), has earned ClearlyRated's Best of Staffing® Client and Talent Diamond Award for the fifth consecutive year, recognizing exceptional service quality in the staffing industry. The company achieved remarkable satisfaction scores, with 70.2% of clients and 78.3% of professionals rating their service 9 or 10 out of 10, significantly surpassing industry averages of 45% and 30% respectively.

The company received praise for its seamless support, innovative digital solutions, and deep understanding of marketing and creative digital needs. Creative Circle President Matt Riley emphasized their commitment to delivering outstanding experiences for both clients and talent through tailored solutions. The award, which is unique in North America, is based solely on validated ratings and testimonials from clients, talent, and employees, positioning Creative Circle as a leader in creative services, marketing, and MarTech industries.

Apex Systems, an ASGN brand (NYSE: ASGN), has won ClearlyRated's Best of IT Services® Award for superior client service. The company achieved a remarkable Net Promoter® Score of 78.6%, significantly surpassing the industry average of 47% in 2024. This marks Apex's first time winning this prestigious award.

The award, which evaluates companies' Solution Services offerings through customer rankings, recognizes excellence in service delivery, innovative solutions, value, and ease of doing business. Winners are selected based entirely on client ratings and achieve Net Promoter® Scores that exceed the industry average by more than 70%.

According to ClearlyRated's CEO Baker Nanduru, Apex has distinguished itself through its commitment to service excellence and extraordinary client experiences. Chief Solutions Officer James Boucher emphasized that the award validates their approach to client relationships and their ability to deliver high-end IT solutions and consulting services, combining boutique-level service with large consulting firm capabilities.

ECS, an ASGN (NYSE: ASGN) brand, has been selected as a prime contractor for multiple domains under the GSA's OASIS+ IDIQ contract vehicle, valued at approximately $60 billion over a maximum 10-year period. The contract, administered by GSA's Office of Professional Services and Human Capital Category, aims to support federal agencies' procurement needs for services-based solutions.

ECS secured awards in several key domains including Management and Advisory, Technical and Engineering, Research and Development, Intelligence Services, and Enterprise Solutions. The company will provide management and consulting services, technical expertise in engineering, geosciences, experimental development, and support for mission-critical operations through advanced command, control, communications, and intelligence capabilities.

ASGN Incorporated reported its Q4 and full-year 2024 financial results. Q4 revenues reached $985.0 million, with net income of $42.4 million and Adjusted EBITDA of $109.7 million (11.1% of revenues). Full-year 2024 revenues were $4.1 billion with net income of $175.2 million.

The Commercial Segment generated 70.3% of total revenues at $692.7 million, while the Federal Government Segment contributed 29.7% at $292.3 million. IT consulting revenues represented 58.6% of total revenues at $577.0 million. The company repurchased 0.5 million shares for $43.9 million in Q4.

For Q1 2025, ASGN projects revenues between $950.0-$970.0 million with an expected Adjusted EBITDA margin of 9.6-9.8%. The company also announced the acquisition of TopBloc for $340 million and a leadership transition with Shiv Iyer becoming President effective March 1, 2025.

BV Investment Partners has announced a definitive agreement to sell TopBloc, a tech-enabled Workday consultancy, to ASGN Incorporated (NYSE: ASGN). Founded in 2016 and based in Chicago, TopBloc has completed over 300 Workday installations in the past five years, serving medium and large enterprise customers across North America.

TopBloc provides Workday deployment services and support across six industry verticals, including financial management, human capital management, and payroll management. The company's team of over 500 consultants will join ASGN's Consulting Services upon completion of the transaction.

The deal is subject to Hart-Scott-Rodino and other customary closing conditions, with an expected closing during the first quarter of 2025.

ASGN Incorporated (NYSE: ASGN) has announced a definitive agreement to acquire TopBloc, a Workday consultancy, for $340 million in cash and equity. The transaction is expected to close in Q1 2025.

TopBloc, founded in 2016 and based in Chicago, provides Workday deployment services and support for human capital, financial, and payroll management. With over 300 Workday installations in five years and 500+ consultants, TopBloc will join ASGN's Consulting Services.

TopBloc is projected to generate approximately $150 million in revenues for 2025, representing over 20% year-over-year growth, with EBITDA margins in the high teens. The company serves six industry verticals and will be immediately accretive to ASGN on an adjusted basis.