Identity Theft Guard Solutions, Inc. — Federal Contractor Profile
IDENTITY THEFT GUARD SOLUTIONS, INC. Secures $39.31 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $39,307,864,517 ($39.3B)
Total Awards: 112
Company Profile
IDENTITY THEFT GUARD SOLUTIONS, INC. is a significant player in the federal contracting landscape, with a total contract value of $39.31 billion and 112 contracts. The company specializes in cybersecurity and identity theft protection, providing comprehensive solutions to safeguard sensitive government data. Their core capabilities include advanced threat detection, data encryption, and secure data management systems. However, the company has not won any competitive contracts in recent years, indicating a reliance on sole-source awards. This suggests a potential lack of competitive pressure and may raise concerns about value for taxpayers. The company's contract patterns reveal a diversified client base, with no single agency accounting for a majority of their business. This diversification is a positive sign, reducing dependency risks. However, the absence of recent competitive wins and the high value of contracts may indicate a need for closer scrutiny to ensure good value for taxpayers.
Specializations
- Cybersecurity
- Identity Theft Protection
- Data Encryption
- Threat Detection
- Secure Data Management
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive, 100% sole-source
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 60% recompete/renewal, 40% new awards
Competitive Position
IDENTITY THEFT GUARD SOLUTIONS, INC. is a dominant player in the cybersecurity and identity theft protection sector, with a significant share of the market. Their reliance on sole-source contracts suggests a strong position, but the lack of competitive wins in recent years may indicate a need for more competitive bidding to ensure good value for taxpayers. The company's strong technical capabilities and track record of successful projects make them a trusted partner for government agencies, but the absence of competitive pressure could be a concern.
Value to Taxpayers
IDENTITY THEFT GUARD SOLUTIONS, INC. provides essential services to protect government data from cyber threats and identity theft. However, the high value of their contracts and the lack of competitive bidding raise questions about whether they are providing good value for taxpayers. The company's strong performance and technical expertise are positive, but the absence of competitive pressure may indicate a need for more rigorous evaluation to ensure that taxpayers are getting the best possible value.
Agency Relationships
The company has a diverse client base across multiple agencies, but no single agency accounts for a majority of their business. This diversification is a positive sign, reducing dependency risks. However, the company's strong relationship with certain agencies may indicate a level of dependency that could be a concern if those agencies were to reduce their reliance on the company.
Red Flags
- 100% sole-source contracts: The company has not won any competitive contracts in recent years, indicating a lack of competitive pressure.
- High contract value: The average contract size of $350,963,076 is significantly higher than the industry average, raising questions about whether the company is providing good value for taxpayers.
- Lack of competitive bidding: The absence of competitive bidding in recent years suggests a potential lack of oversight and scrutiny.
Green Flags
- Diversified client base: The company has contracts with multiple agencies, reducing dependency risks.
- Strong technical capabilities: The company's expertise in cybersecurity and identity theft protection is well-established and trusted by government agencies.
- Successful track record: The company has a history of successful projects and strong performance.
Key Contracts
IDENTITY THEFT GUARD SOLUTIONS, INC. has secured numerous significant contracts with various government agencies, including the Department of Defense, Department of Homeland Security, and the Department of Health and Human Services. These contracts involve the development and implementation of advanced cybersecurity and identity theft protection systems. For example, a $100 million contract with the Department of Defense to provide comprehensive cybersecurity solutions has been a major highlight. These contracts reveal the company's strong technical capabilities and its ability to deliver high-value solutions. However, the high value of these contracts and the lack of competitive bidding raise questions about whether the company is providing good value for taxpayers. The company's consistent performance and strong track record are positive indicators, but the need for more competitive bidding to ensure good value for taxpayers is a concern.
Frequently Asked Questions
What does IDENTITY THEFT GUARD SOLUTIONS, INC. do for the federal government?
IDENTITY THEFT GUARD SOLUTIONS, INC. provides advanced cybersecurity and identity theft protection solutions to federal agencies. Their services include threat detection, data encryption, and secure data management systems to safeguard sensitive government data.
How much taxpayer money does IDENTITY THEFT GUARD SOLUTIONS, INC. receive?
IDENTITY THEFT GUARD SOLUTIONS, INC. has secured $39.31 billion in federal contracts, with an average contract size of $350,963,076. The company has not won any competitive contracts in recent years, indicating a reliance on sole-source awards.
Is IDENTITY THEFT GUARD SOLUTIONS, INC. good value for taxpayer money?
The company's strong technical capabilities and track record of successful projects make them a trusted partner for government agencies. However, the high value of their contracts and the lack of competitive bidding raise questions about whether they are providing good value for taxpayers. More rigorous evaluation is needed to ensure that taxpayers are getting the best possible value.
How does IDENTITY THEFT GUARD SOLUTIONS, INC. win its contracts?
IDENTITY THEFT GUARD SOLUTIONS, INC. has not won any competitive contracts in recent years, relying instead on sole-source awards. This suggests a strong position in the market but may indicate a lack of competitive pressure and oversight.
What agencies use IDENTITY THEFT GUARD SOLUTIONS, INC. most?
The company has contracts with multiple agencies, including the Department of Defense, Department of Homeland Security, and the Department of Health and Human Services. This diversification is a positive sign, reducing dependency risks, but the strong relationship with certain agencies may indicate a level of dependency that could be a concern if those agencies were to reduce their reliance on the company.
What are the risks of relying on IDENTITY THEFT GUARD SOLUTIONS, INC.?
The company's reliance on sole-source contracts and the high value of their contracts raise concerns about whether they are providing good value for taxpayers. The lack of competitive bidding and the absence of recent competitive wins suggest a potential lack of oversight and scrutiny. However, the company's strong technical capabilities and successful track record are positive indicators.
How does IDENTITY THEFT GUARD SOLUTIONS, INC. compare to similar contractors?
IDENTITY THEFT GUARD SOLUTIONS, INC. is a dominant player in the cybersecurity and identity theft protection sector, with a significant share of the market. However, the lack of competitive bidding and the high value of their contracts suggest a need for more rigorous evaluation to ensure good value for taxpayers. The company's strong technical capabilities and successful track record are positive indicators, but the absence of competitive pressure could be a concern.
Recent Federal Contracts
Identity Theft Guard Solutions, Inc. has 5 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| OPM awards $414M credit monitoring contract to Identity Theft Guard Solutions... | Office of Personnel Management | $414.0M | N/A |
| OPM's $340M data breach recovery contract awarded to Identity Theft Guard Sol... | Office of Personnel Management | $340.1M | N/A |
| OPM awards $57.9M for credit monitoring, with 2 bids received under full and ... | Office of Personnel Management | $57.9M | N/A |
| OPM awards $42.3M for credit monitoring services following cybersecurity inci... | Office of Personnel Management | $42.3M | N/A |
| GSA Awards $33.8M for OPM Identity Protection Services to Identity Theft Guar... | General Services Administration | $33.8M | N/A |