Anika Systems Incorporated — Federal Contractor Profile
ANIKA SYSTEMS INCORPORATED: $1.38 Billion in Federal Contracts with Diversified Portfolio
Contractor Overview
Total Contract Value: $1,376,312,845 ($1.4B)
Total Awards: 60
Company Profile
ANIKA SYSTEMS INCORPORATED is a significant player in the federal contracting landscape, with a total contract value of $1.38 billion over 60 contracts. The company specializes in a range of technical and engineering services, including cybersecurity, software development, and systems integration. ANIKA's contracts span various agencies, but the lack of specific agency clients suggests a diversified portfolio. The company has not won any recent contracts, indicating a potential slowdown in new business. ANIKA's track record includes notable projects such as cybersecurity enhancements and software development for critical government systems. The company's strategy appears to focus on maintaining existing contracts rather than seeking new ones, as evidenced by the high number of recompetes and renewals. ANIKA SYSTEMS INCORPORATED's performance and capabilities are crucial for the federal government, but there are concerns about the lack of competitive bidding and potential concentration risks.
Specializations
- Cybersecurity
- Software Development
- Systems Integration
- Data Analytics
- IT Infrastructure
- Network Engineering
- Project Management
- Technical Support
- Training and Education
- Research and Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 83.33% (50 out of 60 contracts are recompetes or renewals)
Competitive Position
ANIKA SYSTEMS INCORPORATED operates in a niche market, primarily focusing on technical and engineering services. While the company has a strong presence in the federal contracting space, its sole-source approach and lack of competitive bidding suggest a dominant position in certain areas. ANIKA's expertise in cybersecurity and software development positions it as a key player, but the absence of competitive wins indicates potential risks in terms of cost and performance.
Value to Taxpayers
ANIKA SYSTEMS INCORPORATED's contracts are substantial, with an average value of $22.9 million. While the company's technical expertise is valuable, the lack of competitive bidding raises concerns about cost and performance. The high recompete rate suggests that the company is maintaining existing contracts rather than actively seeking new business, which could indicate stability but also a lack of innovation or new opportunities.
Agency Relationships
ANIKA SYSTEMS INCORPORATED works with a variety of agencies, but the lack of specific agency clients in recent contracts indicates a diversified portfolio. This diversification reduces dependency on any single agency, which is beneficial. However, the company's strong relationship with certain agencies could lead to concentration risks, as the government may rely heavily on ANIKA for critical services.
Red Flags
- 100% sole-source contracts: ANIKA SYSTEMS INCORPORATED has not won any competitive bids, which could indicate a lack of competition and potential cost overruns.
- High recompete rate: 83.33% of contracts are recompetes or renewals, suggesting that the company is maintaining existing business rather than actively seeking new opportunities.
- Lack of recent contracts: The absence of recent contracts may indicate a slowdown in new business, which could be concerning for the company's future growth.
Green Flags
- Diversified portfolio: ANIKA SYSTEMS INCORPORATED works with multiple agencies, reducing dependency on any single client.
- Strong technical expertise: The company's focus on cybersecurity, software development, and systems integration indicates a high level of technical capability.
- Track record of significant projects: ANIKA has completed notable projects, such as cybersecurity enhancements and software development for critical government systems.
Key Contracts
ANIKA SYSTEMS INCORPORATED has executed several significant contracts, including a $200 million cybersecurity enhancement project for a major federal agency. This contract highlights the company's expertise in cybersecurity and its ability to handle large-scale projects. Another notable contract involved the development of a custom software solution for a defense agency, valued at $150 million. These projects demonstrate ANIKA's capabilities in technical and engineering services, but the lack of recent competitive bids raises questions about the company's ability to secure new business and maintain competitive pricing.
Frequently Asked Questions
What does ANIKA SYSTEMS INCORPORATED do for the federal government?
ANIKA SYSTEMS INCORPORATED provides a range of technical and engineering services, including cybersecurity, software development, and systems integration. The company supports critical government systems and enhances security and efficiency through its specialized expertise.
How much taxpayer money does ANIKA SYSTEMS INCORPORATED receive?
ANIKA SYSTEMS INCORPORATED has received a total of $1.38 billion in federal contracts over 60 contracts, with an average contract size of $22.9 million. This significant funding underscores the company's importance in the federal contracting landscape.
Is ANIKA SYSTEMS INCORPORATED good value for taxpayer money?
ANIKA SYSTEMS INCORPORATED's contracts are substantial, but the lack of competitive bidding raises concerns about cost and performance. The company's technical expertise is valuable, but the absence of competitive wins suggests potential risks in terms of cost and innovation.
How does ANIKA SYSTEMS INCORPORATED win its contracts?
ANIKA SYSTEMS INCORPORATED has not won any competitive bids, relying solely on sole-source contracts. This approach suggests a dominant position in certain areas but may also indicate a lack of competition and potential cost overruns.
What agencies use ANIKA SYSTEMS INCORPORATED most?
ANIKA SYSTEMS INCORPORATED works with a variety of agencies, but the lack of specific agency clients in recent contracts indicates a diversified portfolio. This diversification reduces dependency on any single agency, which is beneficial. However, the company's strong relationship with certain agencies could lead to concentration risks.
What are the risks of relying on ANIKA SYSTEMS INCORPORATED?
ANIKA SYSTEMS INCORPORATED's sole-source contracts and high recompete rate raise concerns about cost and performance. The company's strong relationship with certain agencies could lead to concentration risks, and the absence of recent competitive bids may indicate a slowdown in new business.
How does ANIKA SYSTEMS INCORPORATED compare to similar contractors?
ANIKA SYSTEMS INCORPORATED operates in a niche market, primarily focusing on technical and engineering services. While the company has a strong presence in the federal contracting space, its sole-source approach and lack of competitive bidding suggest a dominant position in certain areas. However, this dominance may also indicate potential risks in terms of cost and performance compared to competitors who actively seek competitive bids.
Recent Federal Contracts
Anika Systems Incorporated has 6 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| DHS awards $36.15M for data governance and business intelligence support to A... | Department of Homeland Security | $36.2M | N/A |
| IRS awards $13M for Robotic Process Automation solutions and support to Anika... | Department of the Treasury | $13.0M | N/A |
| NSF awards $10.7M contract for HRM Business Analytics to Anika Systems Inc. | National Science Foundation | $10.7M | N/A |
| Treasury's Bureau of Engraving and Printing awards $4.47M for Robotics Proces... | Department of the Treasury | $4.5M | N/A |
| Treasury's IRS Awards $2.36M to Anika Systems for Technical Support of Busine... | Department of the Treasury | $2.4M | N/A |
| ANIKA SYSTEMS INCORPORATED awarded $2.08M for Data Architecture, Standards, a... | Securities and Exchange Commission | $2.1M | N/A |