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Tracking the Spend: Financial Watchdog’s Buys of IT Services

The department’s five largest contracts for services in the second quarter of 2022 totaled just more than $3 million.

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A state financial watchdog agency spent just more than $3 million in the second quarter of 2022 on its five largest contracts for IT services.

According to the State Contracting and Procurement Registration System, which tracks state spending by departments, the California Department of Financial Protection and Innovation (DFPI) spent $3,115,580 from April 1 through June 30 on the five largest contracts for technology services. From largest to smallest, they were:
  • $1.5 million for ServiceNow Maintenance and Support, in a June 21 contract with KPMG that runs through June 29, 2023. The contract is an IT master services agreement.
  • $669,354 for website review and design services in a June 29 contract with SymSoft Solutions under a master agreement contract, which runs through June 29, 2024.
  • $500,000 for enterprise technical support, in a May 27 contract with Key Business Solutions that runs through June 9, 2025, awarded under California Multiple Award Schedules.
  • $224,298 for a document management solution, in a June 27 contract awarded to Advanced Technical Solutions under the Small Business option. The contract runs through June 29, 2023.
  • $221,928 for legal research and investigative database access, in a June 30 contract that runs one year, awarded to Thomson Reuters under a Master Agreement.
Dennis Noone is Executive Editor of Industry Insider. He is a career journalist, having worked as a reporter and editor at small-town newspapers and major metropolitan dailies in California, Nevada, Texas and Virginia, including as an editor with USA Today in Washington, D.C. He lives in Northern California.