FOR IMMEDIATE RELEASE
GovExec Acquires Forecast International To Support Government Agencies And Contractors With Leading Defense Market Intelligence And Forecasting Tools
WASHINGTON,
DC -- January
18, 2022 — GovExec, the leading information services company for
government leaders and contractors, today announced the acquisition of Forecast
International, the premier
provider of subscription-based market intelligence, forecasting, and
proprietary research, as well as consulting services for the worldwide
Aerospace and Defense industries. The announcement was made today by Tim
Hartman, CEO, GovExec and Ed Nebinger, CEO, Forecast
International. The terms of the acquisition are not being disclosed. Peter
Goldstone, chairman of GovExec, served as advisor.
The deal was completed with financial support from mid-market private-equity
firm Growth Catalyst Partners (GCP).
Forecast
International, which operates globally, is GovExec’s
latest investment in subscription-based intelligence and forecasting tools,
underscoring the company’s commitment to data and insights services for the
public sector.
“As
we have grown across state and local, federal and defense, we have been
strategic in looking for companies that complement and expand our expertise for
the public sector ecosystem,” said Hartman. “Finding a company like Forecast
International that is the market leader in intelligence, data and forecasting
for the defense sector is a game changer for us. Through its team of talented
analysts and subject matter experts, they provide a snapshot of the defense
market globally that is unmatched. This addition further expands the ways in
which GovExec can support and inform government
contractors for the business opportunities of today and tomorrow.“
Forecast
International becomes a significant piece of GovExec’s
growing Defense portfolio, which includes Military Periscope, another key
decision support tool. Together they will provide the global defense ecosystem
with predictive intelligence on upcoming opportunities and the deep-dive
analysis required to bid competitively and win those
opportunities. Alongside well-respected content brands in Defense Systems and Defense One, GovExec now can provide defense contractors with end-to-end
support in their efforts to accelerate and grow revenue in the global defense
market.
The
firm’s CEO, Ed Nebinger, stated, “It has been a long journey for us, but with
the help of many talented analysts and effective key leaders we have built an
intelligence machine of which we are very proud. Now, GovExec,
with its widespread resources and deep market penetration, will take it to the
next level and beyond. We think they are the right team for the job at the
right time and wish them every measure of success.”
Forecast
International's extensive subscription-based offerings include 36 recurring
market intelligence and forecast products, 27 Platinum forecast modules,
licensing of multiple digital inventory databases which are refreshed
regularly, over 70 individual market segment analyses, and more than 1,300
individual reports annually providing coverage of significant worldwide land,
sea, air, and space programs.
When
combined with GovExec’s data and insights platform,
contractors will now have the tools to track qualified leads, research
opportunities using GovExec’s depth and breadth of
data sources and grow using the company’s enhanced CRM services to find the
right buyers and nurture them through the procurement process.
Forecast
International will be integrated into GovExec’s
operations over the coming months.
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About GovExec:
As the market-leading
information platform, for over fifty years
GovExec has empowered the government ecosystem to
engage and support government leaders as they work to achieve their missions
across federal, defense, and state and local agencies. All powered by the
largest and most sophisticated database in the public sector, GovExec’s platform services are three-fold—data that
informs, content that connects, and marketing services that activate. Reaching
3.3 million government influencers each month, GovExec’s
brand and platform portfolio includes Government Executive,GovTribe, Market Connections, Nextgov,
Public Sector 360, Government Contracting Institute, Government Marketing University, Defense One, Military Periscope,
The Atlas for Cities,
Route Fifty,
City & State New York, City & State Pennsylvania, News Service of Florida, Professional Development Academy, and a strategic investment in Power Almanac.
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