FEMA Awards ICF New $17 Million Cloud and Analytics Delivery Contract

Rhea-AI Summary

FEMA has awarded ICF (NASDAQ:ICFI) a new $17 million data modernization contract to build a cloud-based data exchange platform, FEMADex. This three-year contract aims to improve the efficiency and cost-effectiveness of disaster response and recovery efforts. ICF will leverage its disaster management expertise along with advanced technologies like cloud computing, generative AI, DevSecOps, and advanced analytics to implement the platform.

The FEMADex platform will enhance FEMA's data sharing and analytics capabilities, allowing leaders to access, analyze, and visualize data from multiple sources. This will facilitate data-driven decision-making and collaboration across the emergency management community. ICF will deliver a modernized Azure Databricks-based solution for FEMADex implementation.

Positive

• New $17 million contract awarded by FEMA
• Three-year contract term (one-year base with two one-year options)
• Opportunity to leverage ICF's expertise in disaster management and advanced technologies
• Potential for improved efficiency and cost-effectiveness in FEMA's disaster response efforts
• Expansion of ICF's partnership with FEMA

Negative

• None.

ICF to Build Data Exchange Platform to Improve Disaster Response Efficiency

RESTON, Va., July 22, 2024 /PRNewswire/ -- The Federal Emergency Management Agency (FEMA) recently awarded global consulting and technology services provider ICF (NASDAQ:ICFI) a new $17 million data modernization contract to build a cloud-based data exchange platform to improve the efficiency and cost-effectiveness of their disaster response and recovery efforts. The contract, which was awarded by the Office of Policy and Program Analysis, has a term of three years, including a one-year base and two one-year option periods.

ICF will leverage their industry-leading disaster management expertise along with cloud computing, generative AI/AI, DevSecOps, Agile and advanced analytics capabilities to fully operationalize FEMA's new Data Exchange (FEMADex) platform. The new platform will improve FEMA data sharing and data analytics and allow leaders to access, analyze and rapidly visualize data from multiple sources and stakeholders. This will better facilitate data-driven decision-making and collaboration across the emergency management community.

ICF will implement FEMADex by delivering a modernized Azure Databricks-based solution from inception to execution.

"For over 25 years, ICF has proudly supported FEMA's disaster response efforts, and we are excited to expand our partnership with our leading-edge technology and data management capabilities," said James Morgan ICF chief operating officer. "Improving data quality, timeliness and accessibility will give FEMA leaders access to critical insights that will enable stronger knowledge sharing and better support to local communities as they look to make quicker, more informed decisions to help impacted citizens and improve disaster response efficiency."

A leader in data modernization solutions, ICF has managed and supported over 5,000 cloud instances for over 100 enterprise cloud projects across numerous federal agencies. With hundreds of technology certifications and accreditations, ICF has extensive experience implementing a full range of cloud capabilities from cloud operations, artificial intelligence (AI), machine learning (ML), cloud native development, cloud infrastructure, application modernization and migration, data sharing and more.

For over 20 years, ICF has been on the ground for some of the most significant natural disasters in U.S. history—serving over 150 state and local communities across over 86 disasters and managing over $88 billion in federal disaster recovery and mitigation funds. The company supports communities across the disaster management lifecycle—from assessment to public engagement and planning through implementation.

Read more about ICF's digital modernization and disaster management services and cloud solutions.

About ICF
ICF is a global consulting and technology services company with approximately 9,000 employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

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 the 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 the 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 various risks and uncertainties related to health epidemics, pandemics, and similar outbreaks. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577 

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SOURCE ICF

FAQ

What is the value and duration of ICF's new contract with FEMA?

ICF (NASDAQ:ICFI) has been awarded a new $17 million contract by FEMA with a term of three years, including a one-year base and two one-year option periods.

What is the purpose of the FEMADex platform being developed by ICF?

The FEMADex platform aims to improve FEMA's data sharing and analytics capabilities, allowing leaders to access, analyze, and rapidly visualize data from multiple sources to facilitate data-driven decision-making and collaboration in disaster response efforts.

What technologies will ICF use to implement the FEMADex platform?

ICF will leverage cloud computing, generative AI/AI, DevSecOps, Agile methodologies, and advanced analytics to implement FEMADex. The solution will be based on Azure Databricks.

How long has ICF been supporting FEMA's disaster response efforts?

ICF has been supporting FEMA's disaster response efforts for over 25 years, according to the press release.