Tracking the Spend: $115M for FloridaCommerce’s Top IT-Related Buys in Q3

FloridaCommerce spent about $115 million on its five largest IT-related purchases in the third quarter of 2024.

According to the Florida Accountability Contract Tracking System, the department spent $115,067,399 on IT consulting services, project management, business and corporate management, business function-specific software and business intelligence consulting services.

The five largest buys were:

• $81.1 million to IBM Corporation, a tech company providing solutions in cloud computing, AI, hardware, software and consulting
• $15.3 million to KPMG LLP, a firm offering risk management and digital transformation services
• $8 million to Insight Public Sector Inc., a corporation focusing on modernizing government IT
• $6 million to Carahsoft Technology Corporation, a government IT solutions provider that offers software and hardware services
• $4.8 million toCohnReznick, a professional services firm offering audit, tax, advisory and technology solutions

That $115 million is significantly higher than the $66.7 million the department spent on its five largest IT services contracts in the third quarter of 2023.

The periodic reports of spending on IT goods and services by agencies and departments in state government are compiled by Industry Insider — Florida as a way of highlighting procurements and trends.