NCI plans public stock offering

NCI, a systems integrator formerly known as NCI Information Systems, is planning to go public soon, and expects to raise $47.4 million through its initial public offering (IPO) of stock.

NCI filed its IPO registration statement with the Securities and Exchange Commission in July. The company’s amended Sept. 6 filing states that it will offer 5.15 million shares at an estimated price of $10 to $12 per share. The IPO will take place as soon as possible, according to the company's filing.

The integrator’s IPO follows close on the heels of Science Applications International Corp.’s announcement of its intent to become a public company. That company’s IPO is scheduled for early next year. SAIC plans to sell as much as $1.73 billion in common stock.

NCI plans to use proceeds of the IPO to repay debt. In addition, the company will use the funds “for working capital and general corporate purposes, including potential acquisitions,” according to SEC documents.

The company’s registration statement states that NCI intends to make strategic acquisitions that broaden its client base and expands its service offerings.

In 2003, the company acquired Scientific and Engineering Solutions.

The company’s 1,450 employees provide systems development, systems integration, information assurance and network engineering among other services. NCI officials declined to comment.

Featured

  • Comment
    Pilot Class. The author and Barbie Flowers are first row third and second from right, respectively.

    How VA is disrupting tech delivery

    A former Digital Service specialist at the Department of Veterans Affairs explains efforts to transition government from a legacy "project" approach to a more user-centered "product" method.

  • Cloud
    cloud migration

    DHS cloud push comes with complications

    A pressing data center closure schedule and an ensuing scramble to move applications means that some Homeland Security components might need more than one hop to get to the cloud.

  • Comment
    Blue Signage and logo of the U.S. Department of Veterans Affairs

    Doing digital differently at VA

    The Department of Veterans Affairs CIO explains why digital transformation is not optional.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.