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By Ross Wilkers
Mar 01, 2021
Two in particular may be intertwined for Fairfax, Virginia-based ICF in technology modernization and public health areas that are being highlighted during the coronavirus pandemic.
On ICF’s fourth quarter earnings call with investors Thursday, CEO John Wasson highlighted the White House’s proposal to include $9 billion in IT modernization and cybersecurity funding as part of a new $1.9 trillion COVID-19 relief bill likely to get through the Democratic-controlled Congress and get President Biden’s signature.
“We believe the new administration will likely drive critical IT modernization efforts that can support agency efforts to respond to COVID-19 and enhance delivery of digital services that citizens are demanding,” Wasson told analysts.
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Venture activity is a critical component to a thriving tech ecosystem, providing capital and strategic investment opportunities for startups and high growth ventures to continue to grow and expand.
Although 2020 was anything but ordinary for the business community, it saw some solid venture activity among Arlington-based businesses. According to data collected from Pitchbook.com and independent media sources, Arlington-headquartered companies were involved in over 40 deals totaling more than $14.8 billion from venture capital raises, mergers and acquisitions, strategic corporate investments, and other activity. The top industries represented in the deals included information technology, government contracting, health care, business and consumer products, and financial services. Additionally, Q1 2020 was a record quarter for Arlington-based companies, which logged 16 deals totaling at least $674.8 million in activity.