June 1, 2009 (FinancialWire) — NIC Inc. (NASDAQ: EGOV) said it has acquired an egovernment contract in the state of Texas from BearingPoint, Inc. (OTCBB: BGPQE), which includes management of the state’s “TexasOnline” portal through December 31.

The contract acquired from BearingPoint is separate from an active procurement for a rebid of the TexasOnline portal contract. The state of Texas issued a request for offers for its official state portal in October 2008, and the new contract is scheduled to begin on January 1, 2010.

NIC said it has submitted a proposal in response to that RFO.

Deloitte LLP, which had agreed to acquire substantially all of the assets of BearingPoint’s North American public services business out of bankruptcy, designated NIC as the acquirer from BearingPoint of the remainder of the current TexasOnline portal management contract and projects, which operate under a related master work order.

NIC had previously issued guidance regarding the financial results expected for full year 2009, which did not include any new portal contracts. As a result of the acquisition of the current TexasOnline portal management contract and master work order, the company believes that the previously-issued guidance is no longer operative and cautions investors to no longer rely upon such guidance.

The company said it plans to issue new guidance for 2009 after it determines the reasonably likely financial effects of the new contract.

Olathe, Kansas-based NIC a provider of official government portals, online services, and secure payment processing solutions. The company provides egovernment solutions for more than 3,000 federal, state, and local agencies.

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