ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Maximus Federal Awarded Two Contracts at IRS for Modernization and Support Worth $151 Million

Maximus will help IRS with large-scale cloud migration and train IRS employees on new systems and technologies

Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today that it had been awarded two contracts from the Internal Revenue Service (IRS) worth a combined $151 million. The two contracts, awarded on the GSA Alliant 2 contract vehicle, will allow a continued partnership between Maximus and the Agency, which initially began in 1991.

The first contract is a $76 million task, funded by the Office of the Chief Information Officer, with the Treasury Department’s IRS to provide Masterfile System Programming Support Services. Under this contract, Maximus will conduct a variety of work for IRS, including implementation of legislation such as the American Recovery Plan and training internal IRS employees for future filing seasons while maintaining the current technology infrastructure.

The second contract is a $75 million Development, Infrastructure, Security and Modernization (DISM) task to support the Treasury Department’s IRS Office of the Chief Information Officer to provide Technology Integration Office support. As part of the contract, Maximus will assist the IRS with its technology infrastructure, which will include shifting specific content to the cloud for the first time.

“We have a unique and unmatched ability to both support the annual filing season and improve the technology infrastructure, all with an unwavering commitment to deliver for the IRS,” said Teresa Weipert, President and General Manager of Maximus Federal.

The Maximus team for IRS ensures continuity of filing for the U.S. Federal Government with secure, timely, and accurate returns for more than 160 million individual American taxpayers, as roughly 30 percent of the team are comprised of former IRS employees with the other 70 percent comprised of technologists and technical program managers.

Throughout the COVID-19 pandemic, Maximus helped the IRS meet the increased needs of citizens, through the distribution of relief payments in 2020 and 2021, as well as extensions and special exemptions during filing season including support for the IRS Call Center for information on Economic Impact Payments (EIP). With the implementation of new technology and the work completed through these two contracts, Maximus will help the IRS turn its modern vision for the agency into reality.

About Maximus

Since 1975, Maximus has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. Maximus delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability, and efficiency of government-sponsored programs. With more than 34,000 employees worldwide, Maximus is a proud partner to government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden, and the United Kingdom. For more information, visit maximus.com.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.10
+0.70 (0.28%)
AAPL  275.25
+5.82 (2.16%)
AMD  237.52
-6.46 (-2.65%)
BAC  53.63
+0.21 (0.39%)
GOOG  291.74
+1.15 (0.40%)
META  627.08
-4.68 (-0.74%)
MSFT  508.68
+2.68 (0.53%)
NVDA  193.16
-5.89 (-2.96%)
ORCL  236.15
-4.68 (-1.94%)
TSLA  439.62
-5.61 (-1.26%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.