Futrend Technology, Inc.

What Futrend Technology, Inc. does

Futrend Technology, Inc. is a privately held, SBA 8(a) Small Disadvantaged Business IT professional services firm headquartered in McLean, Virginia, with additional offices in Rockville, Maryland and Atlanta, Georgia. Founded in 2003 by Jerry Zhou (currently Chief Innovation Officer) and led by President/CEO Yvonne Zhou, FUTREND delivers systems integration, application development, financial management, and grants management services to U.S. federal agencies. The company is ISO 9001:2015 certified, CMMI Level III appraised for both Development and Services, and employs 101-250 staff supporting federal customers for over 17 years.

FUTREND organizes its offerings around three core practice areas: Healthcare IT (SOA-based integration across mainframe and web-based systems, life-cycle application development, PMO and IV&V services), Federal Financial Management (Oracle Federal Financial, PeopleSoft Federal Financial, FFS, and Momentum expertise with claimed 95%+ first-time accuracy), and Grants Management (notably the NIH eRA-to-NBS interface built on Service-Oriented Architecture). Its technology approach centers on SOA and web-based integration for complex federal transaction processing, with the May 2019 award of a $49 million HHS Intelligent Automation/Artificial Intelligence (IAAI) IDIQ extending capabilities into process automation, machine learning, supervised learning, and machine vision.

Revenue is generated almost entirely through prime federal contracts on vehicles including NITAAC CIO-SP3 ($20B ceiling, 10-year), GSA IT Schedule 70 and Schedule 520, OASIS SB 2, the Smithsonian OCIO BPA, and the NIH Clinical Center IDIQ. The customer base is concentrated in HHS components (FDA, NIH, CDC, HRSA, OGA, PSC), plus DOD, OPM, DOT, HUD, Smithsonian, and DHS, with only two commercial logos (Concur Technologies, PwC) disclosed. The go-to-market is consultative and sales-led, tied to competitive federal procurement, with labor categories priced on GSA schedules and revenue recognized as task order awards under multi-year IDIQ and BPA arrangements.

Name

Futrend Technology, Inc.

Legal name

Futrend Technology, Inc.

Website

https://futrend.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Futrend Technology, Inc. is a privately held SBA 8(a) small disadvantaged IT professional services firm providing Healthcare IT, Federal Financial Management, and Grants Management systems integration to U.S. federal agencies.

Ownership category

akta.pro rank

Headquarters

HQ city

Vienna

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Federal Government IT Services: Professional services revenue from federal government agencies including systems integration, application development, IT consulting, program management, and financial management services delivered through various contract vehicles (IDIQ, BPA, GSA Schedule). Revenue is project-based with task orders under long-term contracts.
2. Commercial Professional Services: Business process support, systems enhancements, and consulting services to commercial organizations.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Futrend Technology, Inc. is a U.S. SBA small disadvantaged business that delivers IT professional services to U.S. federal agencies and commercial organizations. Its core offerings span three service lines: Healthcare IT, Federal Financial Management, and Grants Management, providing system integration, implementation, full life-cycle application development, quality assurance and testing, customization and O&M, and PMO support. The company also delivers Intelligent Automation/Artificial Intelligence (IAAI) solutions to HHS under a $49 million IDIQ contract.

Product overview

FUTREND provides federal agencies and commercial organizations with IT professional services across three core competencies: Healthcare IT, Federal Financial Management, and Grants Management. The company's offerings are organized as service capability areas that work together to support business operations. Healthcare IT Solutions encompasses system integration, implementation, application development, PMO support, and professional services. Federal Financial Management includes integration, implementation, QA/testing, customization and O&M, accounting, and PMO support. Grants Management covers integration, development, lifecycle services, and grants accounting. FUTREND also produces white papers on quality assurance, IV&V, and SOA integration methodologies. The company recently expanded into Intelligent Automation/Artificial Intelligence (IAAI) solutions under a $49M HHS contract.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare IT Solutions

Named customers13 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ICF International: Large federal IT and consulting services provider with a meaningful HHS and health-focused practice. Comparable to Futrend in serving federal civilian and health agencies with systems integration and digital services, but at far greater scale and broader portfolio.
• CACI International: Major federal IT services prime with deep presence across DOD, HHS, and civilian agencies and a federal financial management practice. Comparable to Futrend in core federal IT services and federal financial systems integration, but operating as a top-tier incumbent on large IDIQ vehicles.
• Maximus: Federal IT and program services firm with a strong HHS footprint (including CMS and program support work). Comparable to Futrend in HHS-led health and human services IT services, though operating at materially larger scale and broader service mix.
• Leidos: Large federal IT, engineering, and health systems integrator serving HHS (including NIH) and other federal health agencies. Comparable in healthcare IT systems integration and federal health missions, but as a tier-one prime.
• Booz Allen Hamilton: Top-tier federal IT and management consulting firm with a large federal health practice. Comparable to Futrend in consulting, IT modernization, and federal health engagements, but at vastly greater scale and consulting breadth.
• ManTech International: Federal IT services provider with established health and defense programs. Comparable in federal IT services delivery and contract-vehicle footprint, but as a much larger incumbent prime.
• Accenture Federal Services: Federal arm of a global systems integrator with significant HHS and federal health IT work. Comparable in federal IT modernization, systems integration, and digital transformation missions, but at vastly greater scale and geographic reach.

Direct peers

• Tantus Technologies: Smaller federal IT services contractor with deep HHS operating division experience. Comparable to Futrend in size, customer mix (HHS components), and systems integration/IT services delivery model.
• MicroHealth: Small federal health IT contractor serving HHS, VA, and DOD on systems integration and health informatics programs. Comparable to Futrend in federal health IT focus, size, and contract-vehicle strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/futrend-technology-inc.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Futrend Technology, Inc.