| [September 17, 2012] |
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ICF International Purchases Assets and Hires Staff of Symbiotic Engineering
FAIRFAX, Va. --(Business Wire)--
ICF International (News - Alert) (NASDAQ:ICFI), a leading provider of consulting
services and technology solutions to government and commercial clients,
announced today that it has purchased the Sustainability Information
Management System (SIMS) platform, an analytical framework used by
energy utilities to make informed decisions on resource consumption
trends and program effectiveness, from Symbiotic Engineering of Boulder,
Colo. Additionally, ICF has hired seven Symbiotic employees, who will
continue to support the development of the SIMS framework. The terms
will not be disclosed.
There is a strong marketplace demand for analytics as utilities require
ready access to actionable information to inform daily decisions. By
leveraging ICF's vast collection of data, energy expertise, and utility
clients with Symbiotic's software-as-a-service (SaaS (News - Alert)) SIMS platform, ICF
will create new opportunities to provide current and potential utility
clients with the information and analyses they need to better manage
costs, promote energy efficiency, protect the environment, and create
consumer value.
"ICF is committed to helping utilities address issues ranging from
energy efficiency to greenhouse gas emissions by effectively applying
new and improved sources of data and analytics," said ICF
International Chairman and Chief Executive Officer Sudhakar Kesavan.
"We are pleased to bring Symbiotic's staff into ICF an further solidify
and grow our already robust and well-respected energy line of business.
Symbiotic's management team will be instrumental in shaping and
executing a utility analytics strategy and SIMS will serve as the
delivery channel."
"Strong market demand exists for integrated business intelligence,
benchmarking, and forecasting," said Michael Whitaker, chief operating
officer for Symbiotic Engineering. "ICF's experienced consulting
services combined with Symbiotic's analytical platform create a unique
value proposition for clients as they will be better able to leverage
their programs and initiatives for increased customer engagement, brand
attribution, customer satisfaction, and lower operational costs."
SIMS is a scalable SaaS energy analytics platform for utilities that
marries actionable intelligence with leading industry benchmarks. SIMS
integrates weather-normalized energy consumption data, demographics,
building stock, and initiative participation, along with other
contextual data and leverages proprietary analytics and utility-specific
algorithms to perform advanced analyses of resource consumption patterns
across user-defined geographic areas. SIMS provides a way for utilities
to more effectively design, target, implement, and track water, natural
gas, and electricity efficiency programs.
About ICF International
ICF International (NASDAQ:ICFI) partners with government and commercial
clients to deliver professional services and technology solutions in the
energy, environment, and infrastructure; health, social programs, and
consumer/financial; and public safety and defense markets. The firm
combines passion for its work with industry expertise and innovative
analytics to produce compelling results throughout the entire program
lifecycle, from research and analysis through implementation and
improvement. Since 1969, ICF has been serving government at all levels,
major corporations, and multilateral institutions. More than 4,500
employees serve these clients from more than 50 offices worldwide. ICF's
website is http://www.icfi.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and
unknown risks and uncertainties are "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995. Such
statements may concern our current expectations about our future
results, plans, operations and prospects and involve certain risks,
including those related to the government contracting industry
generally; our particular business, including our dependence on
contracts with U.S. federal government agencies; and our ability to
acquire and successfully integrate businesses. These and other factors
that could cause our actual results to differ from those indicated in
forward-looking statements are included in the "Risk Factors" section of
our securities filings with the Securities and Exchange Commission. The
forward-looking statements included herein are only made as of the date
hereof, and we specifically disclaim any obligation to update these
statements in the future.

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