ICF Acquires Incentive Technology Group (ITG)

ICF (NASDAQ:ICFI) has entered into a definitive agreement to acquire Incentive Technology Group, LLC (ITG), a fast-growing provider of cloud-based platform services to the U.S. federal government. The transaction values ITG at a purchase price of $255 million, is expected to close in Q1 2020, and is intended to strengthen ICF's IT modernization and cloud capabilities in the federal market.