NIC Inc.

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][3] 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.[4][5][6]

NIC Inc.
TypePublic
NASDAQ: EGOV
S&P 600 Component
IndustryTechnology services
Founded
  • 1992 as Kansas Information Consortium
  • 1999 as NIC Inc.
FounderJeff Fraser
HeadquartersOlathe, Kansas,
United States
Key people
  • Harry Herington (CEO and Chairman of the Board)
  • Steve Kovzan (CFO)
  • Jayne Friedland Holland (CSO and Associate General Counsel)
  • William Van Asselt (General Counsel)
  • Doug Rogers (SVP Business Development)
  • Brian Anderson (CTO)
Services
Revenue$344.9 million (as of 2018)
Number of employees
900+ nationwide (as of 2016)
Websitehttp://www.egov.com

Background

The company has two primary segments including digital government software & services and payment processing solutions. The main service of the digital governmental solutions and services segment is providing out-sourced state eGovernment portals. Additionally, the other segment is engaged in developing payment processing solutions for state, local and federal governments.[5][7][8] 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.[7]

Acquisitions

In 2018, NIC acquired Leap Orbit, a prescription drug-monitoring program (PDMP).[9]

In 2019, NIC acquired Complia, a Centennial, Colorado-based technology platform for government regulated cannabis. [10]

Recognition

In 2013, Forbes listed it as one of America’s Best Small Companies.[11]

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).[12]

In 2014 and 2015, NIC was named one of Kansas City's Healthiest Employers. [13]

In 2017, CFO Steve Kovzan was recognized as a CFO of the Year by the Kansas City Business Journal. [14]

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