Pennsylvania Awards eGovernment Services Contract to NIC Inc.
NIC Inc. (NASDAQ: EGOV),
the leading provider of eGovernment services, today announced that
Pennsylvania becomes the latest state to contract with the company for self-funded
online government services.
The Commonwealth of Pennsylvania awarded NIC a five-year contract with
an additional renewal term at the option of the state that could extend
the contract through December 2022.
“NIC’s self-funded portal model and vast catalog of web and mobile
applications will allow us to expand the number of online services,
delivering them in a more efficient and cost-effective way,” said
Secretary of Administration Kelly Powell Logan. “We look forward to
putting NIC’s two decades of experience and success to work for
Pennsylvania, providing more services online so our citizens and
businesses don’t have to wait in line.”
Through its Harrisburg-based subsidiary, Pennsylvania Interactive, NIC
will develop citizen and business-driven eGovernment services that will
provide for more accessible, efficient, and innovative interactions with
the Commonwealth.
“We are excited to partner with Pennsylvania and provide its businesses
and citizens efficient eGovernment services,” said Harry Herington,
NIC’s Chief Executive Officer and Chairman of the Board. “Whether it’s
mobile innovation, traditional web-based online services, or secure
payment processing, we are ready to put our eGovernment expertise to
work to deliver best-in-class services.”
About NIC
NIC Inc. (NASDAQ: EGOV)
is the nation's leading provider of official
government portals, online services, and secure payment processing
solutions. The company's innovative eGovernment
services help reduce costs and increase efficiencies for government
agencies, citizens, and businesses across the country. NIC provides
eGovernment solutions for more than 3,500 federal, state, and local
agencies in the United States. Additional information is available at http://www.egov.com.
Cautionary Statement Regarding Forward-Looking Information
Any statements contained in this release that do not relate to
historical or current facts constitute forward-looking statements. These
statements include statements regarding the Company’s potential
financial performance for the current fiscal year, statements regarding
the planned implementation of new portal contracts, and statements
regarding continued implementation of NIC’s business model and its
development of new products and services. Forward-looking statements are
subject to inherent risks and uncertainties and there can be no
assurance that such statements will prove to be correct. There are a
number of important factors that could cause actual results to differ
materially from those suggested or indicated by such forward-looking
statements. These include, among others, NIC’s ability to successfully
complete negotiations of pending contracts and integrate into its
operations recently awarded eGovernment contracts; NIC's ability to
implement its new portal contracts in a timely and cost-effective
manner; NIC’s ability to successfully increase the adoption and use of
eGovernment services; the possibility of reductions in fees or revenues
as a result of budget deficits, government shutdowns or changes in
government policy; the success of the Company in renewing existing
contracts and in signing contracts with new states and federal
government agencies; continued favorable government legislation; NIC’s
ability to successfully transition out of expired contracts; NIC’s
ability to develop new services; existing states and agencies adopting
those new services; acceptance of eGovernment services by businesses and
citizens; competition; the possibility of security breaches through
cyber attacks; and general economic conditions and the other important
cautionary statements and risk factors described in NIC's 2011 Annual
Report on Form 10-K filed with the Securities and Exchange Commission on
February 24, 2012. Any forward-looking statements made in this release
speak only as of the date of this release. NIC does not intend to update
these forward-looking statements and undertakes no duty to any person to
provide any such update under any circumstances.