2024 Year in Review
Insights from Joe Cormier, CFO & COO
2024 was a pivotal year for GovCIO, marked by significant growth and strategic accomplishments that strengthened our position in federal IT.
Achieving New Heights in Revenue
In 2024, we surpassed the $1 billion revenue threshold for the first time, a remarkable achievement that underscores the success of our integration of Salient CRGT following the 2021 acquisition. This year has been a testament to the power of that merger with many strong new wins, recompetes and contract add-ons.
Expanding Our Portfolio
A standout win for us was the transition of SANDBAR to the $2 billion MAVERICK task order with the Department of Defense (DoD). Additionally, our ongoing work with the Department of Veterans Affairs (VA), including the TIS (Technology Incubation Services) contract, reflects our deepened partnerships and growing reputation for delivering next-generation technology solutions.
These cornerstone contracts play a critical role in driving our growth, enabling us to stay ahead of the curve with innovative solutions that position us for long-term success in key target markets.
“2024 was a great year of doing a lot of meaningful work and externally we’ve been recognized as a great place to work. At GovCIO, we’ve built a strong culture—an environment that thrives on its own success. We’re fortunate to have amazing employees who foster that success, which is why we continue to invest in our team. It’s truly been a remarkable year.”
Strengthening Our Team
Our workforce has grown to 3,100 employees, and we’ve expanded our physical footprint with new offices in Charleston, New Jersey, and Pensacola. This growth is a direct result of our continued focus on hiring top talent and investing in the development of our people. In 2024, we launched GovCIO University, a comprehensive learning platform that empowers our employees to advance their skills and contribute to our culture of excellence.
We also made strategic investments in our product offerings and differentiators, such as Connect with ServiceNow and LACE, our Lean Agile Center of Excellence. These innovations not only streamline our processes, but enhance our clients’ experience with standardized, agile development and implementation.
Building A Culture of Success
Our culture remains one of our greatest strengths. In 2024, we were honored with several recognitions and awards, including being named to FlexJobs’ Top 100 Companies for Remote Work, Inc. Best in Business and Newsweek’s America’s Greatest Workplaces for Women, Diversity, Veterans, Mental Wellbeing and Working Parents. These recognitions reflect our commitment to creating an environment where success thrives and where employees are supported in their professional and personal development.
Our culture is built on investing in our people, fostering their talent, and providing them with opportunities to succeed. We continue to prioritize this, knowing that a strong, engaged workforce is essential to our continued success.
Looking Ahead: 2025 and Beyond
As we look to 2025, we are excited about the prospects ahead. Our business development pipeline remains robust, with significant opportunities that will leverage our unique differentiators in the market. With $5 billion in contract value from 2024, we are positioned to continue our growth trajectory and create new career opportunities for our employees to expand their skill sets.
While the business environment remains challenging, with increased protests and a competitive landscape, we have built resilience in 2024 and are well-prepared to execute on these new contracts as they come out of protest in 2025.
With a new administration on the horizon, we are eager to bring forward innovative solutions that meet the evolving needs of the government and strengthen our position as a trusted partner. We are excited about the opportunities to continue driving growth and delivering impact for our clients, employees, and the broader mission we serve – transforming government IT.
2024 has been a year of tremendous growth, and we look forward to what’s ahead as we continue to innovate, build strong partnerships, and support our people in reaching new heights. Together, we’ve accomplished remarkable achievements and 2025 holds even greater promise – here’s to continued success and new milestones in the new year.