ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients. This segment also offers workforce mobilization, modern enterprise, and digital innovation IT consulting services; and cloud, data and analytics, and digital transformation solutions. The Federal Government Segment provides mission-critical solutions to the department of defense, intelligence agencies, and civilian agencies. This segment offers cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, and science and engineering solutions. The company was formerly known as On Assignment, Inc. and changed its name to ASGN Incorporated in April 2018. ASGN Incorporated was incorporated in 1985 and is based in Glen Allen, Virginia.
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- Think of ASGN as **Accenture, but with a significant and integrated IT professional staffing division.**
- Or, consider it like **Robert Half, but exclusively for high-end IT and creative professionals, often delivering full project solutions.**
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- Government IT Solutions: Provides advanced technology, science, and engineering solutions to U.S. federal government agencies, including cybersecurity, cloud services, and digital transformation.
- Commercial IT Staffing & Consulting: Offers temporary and permanent staffing, as well as project-based consulting services, for information technology professionals across diverse commercial industries.
- Creative & Digital Marketing Staffing: Supplies specialized talent for creative, marketing, and digital roles, encompassing areas like design, content creation, and digital strategy.
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ASGN (Symbol: ASGN) Major Customers
ASGN Inc. operates primarily in a business-to-business (B2B) model, providing IT services and solutions to other organizations. Based on its public filings, ASGN does not disclose the names of individual major customers. This is because no single customer accounted for 10% or more of its consolidated revenues for the fiscal years ended December 31, 2023, 2022, or 2021.
While specific customer names are not disclosed, ASGN serves a diverse client base across two primary sectors:
- Commercial Sector: This includes primarily Fortune 1000 and other large and medium-sized companies across various industries. Key industry verticals served within the commercial sector include:
- Financial Services
- Healthcare and Life Sciences
- Technology
- Consumer Goods
- Energy
- Transportation
- Government Sector: This encompasses U.S. federal, state, and local governments, as well as foreign governments.
ASGN's strategy is to serve a broad range of clients, ensuring diversification rather than reliance on a few large accounts.
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Theodore S. Hanson, Chief Executive Officer and Director
Theodore S. Hanson has served as Chief Executive Officer of ASGN since May 2019 and has been a member of ASGN's Board of Directors since June 2019. He joined ASGN as Chief Financial Officer of Apex Systems as a result of ASGN's acquisition of Apex Systems in May 2012. He had served as Chief Financial Officer of Apex Systems since January 2001. Mr. Hanson was promoted to President of Apex Life Sciences, LLC in January 2014, and in January 2016, he became an Executive Vice President of ASGN. He was promoted to President of ASGN in December 2016. Mr. Hanson co-founded and serves as an emeritus board member of Virginia Tech's Apex Center for Entrepreneurs. He also served as Chief Financial Officer of Property Technologies Ltd. from 1996 to 1998 and worked at Keiter, Stephens, Hurst, Gary and Shreaves, an independent accounting firm, from 1991 to 1996.
Marie L. Perry, Executive Vice President and Chief Financial Officer
Marie L. Perry serves as Executive Vice President and Chief Financial Officer of ASGN. Prior to this role, specific details about companies she founded, managed, or sold, or a pattern of managing private equity-backed companies, were not explicitly available in the provided information.
Shiv Iyer, President
Shiv Iyer has served as President of ASGN since March 2025. Before joining ASGN, Mr. Iyer led Accenture's Consulting and Industry X Solution across the US, Canada, and Latin America. He joined Accenture in 2010 as a managing director and has over 20 years of consulting experience, having started his career at Wipro Infotech in India.
Randolph C. Blazer, Executive Vice Chairman
Randolph C. Blazer transitioned to the role of Executive Vice Chairman of ASGN effective March 1, 2025, as part of a planned succession. He previously served as President of ASGN. Mr. Blazer initially joined Apex Systems in 2007, which was subsequently acquired by ASGN (then named On Assignment) in 2012. He took over day-to-day operations from Apex Systems' founders.
Jennifer Hankes Painter, Senior Vice President, Chief Legal Officer and Secretary
Jennifer Hankes Painter joined ASGN in June 2013 as its General Counsel and Secretary. She was promoted to Senior Vice President, Chief Legal Officer in 2014.
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The rapid advancement and adoption of generative artificial intelligence and automation technologies pose a clear emerging threat to ASGN. These technologies could significantly reduce the overall demand for human IT talent in certain roles susceptible to automation, directly impacting ASGN's core staffing business. Furthermore, AI-powered platforms and marketplaces could disintermediate traditional IT consulting and talent solutions providers by offering more efficient and cost-effective ways for clients to access IT capabilities, either through automated services or by directly connecting with talent, bypassing ASGN's traditional model.
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ASGN's total addressable market for its main products and services is approximately $580 billion within the U.S. market.
This market size is further broken down by its key offerings:
- Commercial IT Consulting: approximately $400 billion (U.S.)
- Government IT Consulting: approximately $121 billion (U.S.)
- Professional Staffing: approximately $59 billion (U.S.)
ASGN provides IT services and solutions, including technology, digital, and creative staffing, as well as consulting services and workforce management solutions. Their focus areas include application development, data analytics, cloud, and cybersecurity.
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ASGN (symbol: ASGN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Expansion of IT Consulting Services: The company's IT consulting business is a primary growth engine, with commercial consulting revenues showing significant year-over-year increases. This segment continues to represent a growing portion of ASGN's total revenues, supported by strong bookings and an increasing volume of new, complex engagements.
- Strategic Focus on Artificial Intelligence (AI) and Data Solutions: ASGN is actively focusing on AI and data projects, viewing AI spending as a fundamental replatforming of enterprise technology. This strategic emphasis on AI and data solutions is anticipated to position the company favorably for future growth by meeting clients' digital modernization needs.
- Demand for Digital Modernization (Cloud, AI, Cybersecurity): ASGN is experiencing robust demand from both commercial and federal clients for digital modernization initiatives, including cloud, AI, and cybersecurity solutions. This demand is driving a growing pipeline of high-margin consulting contracts, aligning with clients' needs for IT modernization, efficiency, and cost containment.
- Strategic Acquisitions: Acquisitions, such as TopBloc in March 2024, are contributing to the growth of ASGN's IT consulting business and have performed above expectations. This indicates that strategic mergers and acquisitions remain a driver for expanding service offerings and market reach.
- Shift to High-Value Technology and Engineering Solutions: ASGN is strategically moving towards providing high-value technology and engineering solutions. This involves taking on more complex, multi-capability engagements and assessment projects, enhancing client partnerships, and driving growth in specialized offerings.
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ASGN has actively managed its capital allocation over the last three to five years, with a notable focus on share repurchases, strategic acquisitions, and ongoing capital expenditures. Information regarding significant share issuances in dollar amounts or major inbound investments by third parties during this period is not readily available.
Share Repurchases
- ASGN's Board of Directors authorized a new stock repurchase program of $750.0 million over two years on April 24, 2024, canceling prior authorizations.
- In 2024, the company repurchased 3.5 million shares for a total of $327.2 million.
- Approximately $423 million remained available for repurchases under the company's stock repurchase plan as of September 30, 2025.
Outbound Investments
- ASGN completed the acquisition of TopBloc, LLC for $340 million in cash and equity in February 2025, aiming to enhance its Workday consultancy and capitalize on ERP and GenAI opportunities.
- In 2022, ASGN successfully completed and integrated two acquisitions: GlideFast, a ServiceNow Elite Partner acquired for $350 million, and Iron Vine Security, both aligning with the strategy to expand IT consulting services.
- In 2021, ASGN acquired ERPi, a healthcare consulting and data analytics firm, which became part of ECS, ASGN's Federal Government Segment.
Capital Expenditures
- Capital expenditures totaled $35.3 million in 2024 and $39.9 million in 2023.
- The company's capital expenditures are focused on IT modernization, efficiency, and cost containment, including investments in cybersecurity, data analytics, cloud, and AI.
- ASGN expects its cash and cash equivalents, along with operating cash flows and credit facility availability, to be sufficient to cover capital expenditures for the next 12 months.
