ICF International Buys Rockville Tech Firm
ICF International of Fairfax is buying Rockville's Z-Tech Corp. for $27 million to help better position the government tech consultant in the market for health information.
Z-Tech, which employs about 200 people, provides software engineering, Web design and development, and scientific computing services in support of federal health agencies. In a release, ICF International said it expects Z-Tech to generate annual revenues of approximately $25 million.
The purchase price could ultimately grow by an additional $8 million if certain financial goals are met.
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