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Tracking the Spend: $5.5M for Treasurer’s Office on IT Services

The five largest buys of IT services by the State Treasurer’s Office in 2023 included $4.8 million for the conversion of a financial system from on-premises to the cloud.

A person typing on a smartphone that says "financial" on the screen.
The California State Treasurer’s Office (STO) spent just over $5.5 million in 2023 on its five largest purchases of IT services.

According to the State Contracting and Procurement Registration System, STO’s five largest buys of IT services totaled $5,544,331 from Jan. 1 through Dec. 31. (All numbers are rounded.)

The largest single expenditure was $4,868,927 for the conversion of “on-premises FIS Global services to web-based solution and ongoing cost of new environment.” That contract, dated June 23, was a non-competitive bid for fiscal year 2022-23 that was awarded to Fidelity Information Services LLC. FIS Global is a provider of technology solutions for merchants, banks and capital markets firms globally. The contract runs through Sept. 30, 2031.

The STO’s four other largest buys of IT services in 2023 were:
  • $328,320 for application development consulting for DebtWatch 2.0, the STO’s annual debt transparency report. The Oct. 17 contract, with QualApps Inc., was awarded under the California Multiple Award Schedules (CMAS).
  • $186,037 for software maintenance, in a one-year contract that ended Dec. 31 with Fidelity Information Services LLC under a non-competitively bid contract for proprietary services.
  • $107,047 for Oracle Database Enterprise Edition, in a May 12 Software Licensing Program contract with Taborda Solutions Inc.
  • $54,000 for the services of an enterprise architect to handle network installation, in a Feb. 22 CMAS contract with Shandam Consulting Inc.

The periodic reports of spending on IT goods and services by agencies and departments in state government are compiled by Industry Insider — California as a way of highlighting procurements and trends.
Dennis Noone is Executive Editor of Industry Insider. He is a career journalist, having worked at small-town newspapers and major metropolitan dailies including USA Today in Washington, D.C.