NIC Inc. Acquires Denver-based Complia

Acquisitions

Summary

“Licensing is a very important function of government,” said Harry Herington, NIC Chief Executive Officer and Chairman of the Board. “The Complia technology platform is extremely scalable and NIC will be able to expand its capabilities to provide licensing for other highly regulated industries. We have a long history of providing innovative, convenient licensing solutions for state government and their constituents. In addition, the 2018 Farm Bill legalized hemp as an agriculture commodity and removed it from the list of federal controlled substances. Founded in 2015, Complia currently has contracts to provide their technology platform to four states, with NIC serving as the payment processor.

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Accounting and Taxes

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NIC
$1M to $5M