"NIC is committed to increasing stockholder value over time. Our success is driven by our long-term relationships with outstanding government partners, expanding portfolio of best-in-class services, and industry-leading team of eGovernment experts."
Harry Herington
Chairman of the Board and CEO
NIC Inc.
About NIC
NIC is the nation’s largest provider of outsourced eGovernment portals. We
build and manage official government Web sites, eGovernment services, applications and secure payment processing for 3,500 federal, state and local agencies.
NIC Business Model
NIC pioneered the self-funded model, which allows governments to build eGovernment services
without using taxpayer funds. NIC absorbs the costs to build the portal’s
technical infrastructure and develop the eGovernment services.
After the applications launch, NIC and its government partners share a portion of the fees
generated from electronic transactions. NIC also offers fee-based and hybrid funding models.
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