The Kforce Story: 50 Plus Years of Great People Delivering Great Results

New Avenues: Kforce Government Solutions Following on the heels of the VistaRMS acquisition, three additional acquisitions led to the fuller development of the government business. PCCI’s technology flex and government contracting business, headquartered in New York, was acquired in February of 2006. As part of this acquisition, PCCI’s government business based in Washington, D.C., provided Kforce with its initial platform for the prime contracting government business known as KGS. Following the initial entry into the technology government prime contracting business, Bradson’s finance and accounting government business was acquired the following October to expand the service offerings provided by KGS. In December of 2008, dNovus, a government contractor, was also acquired to further expand the KGS business unit providing scale for the business, which was now in excess of $100 million. Not surprisingly, government staffing has some complexities all its own. Government contractors whose work supports the federal agencies requires a unique end-to-end infrastructure with certified accounting systems along with many compliance and regulatory requirements. The overlying theme of Kforce’s strategic business decisions in moving into the prime government contracting business was to leverage its heritage tech and Finance and Accounting service offering experience to take advantage of tremendous market opportunities within the federal government, the largest single consumer of tech and Finance and Accounting services. Larry Grant, president of KGS explained, “Kforce realized that as part of its continued diversification and also in its quest to grow from $1 to $2 billion in revenue, we should take advantage of the outstanding recruitment capability within Kforce to identify, attract, and retain the highly specialized and in-demand skill sets the Federal Government employs.” On December 27, 2007, Kforce announced it surpassed the $1 billion mark in unaudited annual revenues for the first time in the firm’s history. In the

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The acquisition of PCCI, Bradson, and dNovus, following on the heels of the VistaRMS acquisition, was the genesis of Kforce’s government staffing business.

announcement, Dave Dunkel attributed Kforce’s success to a business strategy that combined organic growth and strategic acquisitions. Using the phrase that has since become Kforce’s watchword Dave said, “Our vision is to be the Firm most respected by those we serve. A key aspect of that vision is building a Firm that delivers sustainable and consistent revenue and earnings performance. We’re pleased to be meeting that commitment.”

Kforce first hit the $1 billion revenue mark on December 14, 2007.

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