NIC Inc.

NIC Inc.
Public
Traded as NASDAQ: EGOV
S&P 600 Component
Industry Technology services
Founded
  • 1992 as Kansas Information Consortium
  • 1999 as National Information Consortium
Headquarters Olathe, Kansas, United States
Key people
Services
  • Digital Government Services
  • Payment Processing
Revenue $239.57 Million (As of 2016 Q3)
Number of employees
 900+ Nationwide (As of 2016)
Website http://www.egov.com

NIC Inc. (NASDAQ: EGOV) is an information service provider for federal and state government in the United States. It was founded in 1991 and is headquartered in Olathe, Kansas. As an eGovernment provider, it has long-term contracts with 3,500 state and local government and federal agencies to provide the IT software, system, consultancy and other relevant services.[1][2][3] As of February 23, 2014, the company has an enterprise of $1.20 billion with a market capitalization of $1.27 billion.[4] In 2013, Forbes listed it as one of America’s Best Small Companies.[5] 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).[6]

Background

The company has two segments including out-sourced portal businesses segment and software & service segment. The main service of out-sourced portal business segment is to develop governmental portals and support its operations. Additionally, the other segment is engaged in developing software for state and local governments.[2][7] Software & service segment has a subsidiary, NIC Technologies, to operate its business. It generates revenue from the contract with Federal Motor Carrier Safety Administration for the development of the Pre-employment Screen Program. The maintenance of the program is another profit point for the company.[7]

References

  1. ↑ "EGOV: Summary for NIC Inc.- Yahoo! Finance". Yahoo.finance.com. Retrieved 2014-02-23.
  2. 1 2 "EGOV: Summary for NIC Inc.- Yahoo! Finance". Yahoo.finance.com. Retrieved 2014-02-23.
  3. ↑ "NIC: eGovernment Services for Federal, State and Local Government". Egov.com. Retrieved 2014-02-24.
  4. ↑ "NIC Inc.: Key Statistics for NIC Ltd.- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-24.
  5. ↑ "NIC on the Forbes America's Best Small Companies List". Forbes.com. Retrieved 2014-02-24.
  6. ↑ "NIC Technologies’ PSP Team Receives a Bronze Stevie Award For Sales and Customer Service". Yahoo Finance. Retrieved 2014-03-09.
  7. 1 2 "EGOV: Summary for NIC Inc.- reuters.com". Reuters.com. Retrieved 2014-02-24.
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