ASGN Incorporated Company Profile

Background

ASGN Incorporated (NYSE: ASGN) is a leading provider of information technology (IT) services and solutions, including technology and creative digital marketing, across the commercial and government sectors. Founded in 1985 and headquartered in Glen Allen, Virginia, ASGN supports corporate enterprises and government organizations in developing, implementing, and operating critical IT and business solutions through its integrated service offerings.

Key Strategic Focus

ASGN operates through two primary segments:

• Commercial Segment: Offers consulting, creative digital marketing, and permanent placement services primarily to enterprise clients. This segment also provides workforce mobilization, modern enterprise, and digital innovation IT consulting services, including cloud, data and analytics, and digital transformation solutions.

• Federal Government Segment: Delivers mission-critical solutions to the Department of Defense, intelligence communities, and federal civilian agencies. Services include cloud, cybersecurity, artificial intelligence (AI), machine learning (ML), application and IT modernization, and science and engineering solutions.

ASGN's strategic focus emphasizes digital transformation, leveraging advanced technologies to enhance client operations and drive innovation.

Financials and Funding

As of December 31, 2024, ASGN reported annual revenues of $4.10 billion, reflecting a 2.85% decrease from the previous year. The company's net income also declined by 18.2% during the same period. ASGN is publicly traded on the New York Stock Exchange under the ticker symbol ASGN.

Technological Platform and Innovation

ASGN's commitment to technological innovation is evident through its subsidiaries and service offerings:

• ECS: A key segment of ASGN, ECS provides advanced solutions in cloud, cybersecurity, AI, ML, application and IT modernization, science, and engineering. ECS has been recognized for its managed security services, ranking second on CyberRisk Alliance and MSSP Alert’s Top 250 Managed Security Service Providers list for 2024.

• Iron Vine Security Acquisition: In October 2022, ASGN acquired Iron Vine Security, enhancing its cybersecurity capabilities and expanding its position as a leader in zero-trust solutions.

These initiatives underscore ASGN's dedication to providing cutting-edge IT solutions and maintaining a competitive edge in the industry.

Leadership Team

• Theodore S. Hanson: Chief Executive Officer and Director. Mr. Hanson has been with ASGN since 2019, bringing extensive experience in the IT services industry.

• Marie L. Perry: Executive Vice President and Chief Financial Officer. Ms. Perry joined ASGN in 2022, overseeing the company's financial operations.

• Jennifer Hankes Painter: Senior Vice President, Chief Legal Officer, and Secretary. Ms. Painter has been with ASGN since 2013, managing legal affairs and corporate governance.

• Sean P. Casey: President of Apex Systems LLC, a subsidiary of ASGN. Mr. Casey leads the commercial segment, focusing on IT staffing and solutions.

These leaders collectively drive ASGN's strategic initiatives and operational excellence.

Competitor Profile

Market Insights and Dynamics

The IT services industry is highly competitive, with a projected annual growth rate of 6% through 2028. ASGN's focus on digital transformation and advanced technologies positions it to capitalize on this growth.

Competitor Analysis

ASGN's primary competitors include:

• Dexian: Specializes in managed services, business consulting, and staffing services.

• Kelly Services: Provides outsourcing, consulting, and staffing solutions.

• Volt Information Sciences: Offers workforce solutions across various industries.

• Artech: Focuses on staffing services, particularly in the IT sector.

• Kforce: Provides technology and financial staffing services.

These competitors offer similar services, making differentiation through technological innovation and service quality crucial for ASGN.

Strategic Collaborations and Partnerships

ASGN has engaged in strategic acquisitions to bolster its service offerings:

• Integrated Solutions Management, Inc. (ISM): Acquired in December 2020, ISM is an Elite ServiceNow partner, enhancing ASGN's capabilities in digital transformation and IT service management.

These collaborations strengthen ASGN's market position and expand its technological capabilities.

Operational Insights

ASGN's operational strategy focuses on:

• Digital Transformation: Providing clients with advanced IT solutions to modernize their operations.

• Cybersecurity: Enhancing security measures to protect client data and systems.

• AI and ML: Implementing artificial intelligence and machine learning to drive innovation and efficiency.

These focus areas differentiate ASGN from competitors and align with industry trends.

Strategic Opportunities and Future Directions

ASGN aims to:

• Expand Service Offerings: Continue acquiring companies that complement its existing services.

• Invest in Technology: Enhance proprietary technologies to maintain a competitive edge.

• Strengthen Market Position: Leverage existing client relationships to secure new contracts and partnerships.

By focusing on these areas, ASGN is well-positioned to achieve its future objectives and drive growth.

Contact Information

• Website: ASGN.com

• LinkedIn: ASGN Incorporated

• Twitter: @ASGN_Inc

For more information, visit ASGN's official website and social media profiles.