IIIV - Mergers and acquisitions

i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that one of its JusticeTech® solutions is now live in West Virginia. The West Virginia Public Access Search System (WVPASS) enables citizens in all 55 counties to search and download publicly available circuit court case information dating back to 1999 from the convenience of their computer or mobile device. This allows citizens to avoid visiting a courthouse in person to search for available civil and criminal records from circuit court proceedings. "We are committed to delivering innovative software solutions to enhance efficiency and accessibility for governments and their citizens," said Dave Graves, EVP

i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that it has signed a new contract with Saskatchewan Province to provide motor carrier services. This contract further establishes the Company's Public Sector presence in Canada. As an IRP (International Registration Plan) partner, Saskatchewan Province will now be able to handle IRP registration, credentialing, and the apportionment of fees from a single platform. With our intuitive software, weight group, fleet, vehicle, and distance management capabilities are built-in and easy to modify in a fully compliant system that streamlines credentialing and increases operational efficiencies. "We are thrilled t

i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today the successful go-live of its self-service ePortal for the City of Phoenix Water Services Department, Arizona's largest municipal water department, serving more than 1.7 million customers. The City of Phoenix Water Services Department selected the Company's ePortal solution to empower their customer base with an intuitive self-service experience. The ePortal enables customers to easily manage their accounts, pay bills, monitor water usage, and access tools to support water conservation and resource management, all in a convenient, user-friendly platform. Designed to be mobile-first and accessible from any d

i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that 12 new Georgia municipal police departments and courts adopted the i3 JusticeTech® Law Enforcement and Court Software suite, growing the presence of the Company's Public Sector vertical in the state. This software suite streamlines processes, enables courts to manage the collection of fees and fines, and provides the tools for officers, administrators and court personnel to complete tasks effectively. In addition to modernizing the police department and court systems, the digital tracking and record access features in i3's software solution improves service delivery. "We are thrilled to welcome these pu

i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Payroc WorldAccess, LLC ("Payroc"), a leading omni-channel payments provider, today announced that the companies have entered into a definitive agreement whereby Payroc will acquire i3 Verticals' merchant of record payments business, including its associated proprietary technology (the "divested business"), in an all-cash transaction for $440 million, subject to certain purchase price adjustments. Greg Daily, Chairman and CEO of i3 Verticals stated, "i3 began as a payments business, and we built a top-of-the-line merchant of record payment platform bringing a wide variety of solutions to third-party partners and softw

i3 Verticals, Inc. (NASDAQ:IIIV) (the "Company") today announced the acquisition, effective January 1, 2023, of Accufund, Inc. ("Accufund"), a provider of fund accounting solutions for government entities and nonprofits in the United States. The Company will discuss this acquisition in further detail during its upcoming fiscal 2023 first quarter earnings call in February. Greg Daily, CEO of i3 Verticals, commented, "The addition of Accufund's accounting software solutions will greatly enhance our go to market strategy in the Public Sector vertical. We have been exploring for some time the acquisition of a strong fund accounting solution to further complement our wide ranging Public Sector

i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that management plans to hold one-on-one investor meetings at the following upcoming conferences. Stephens Annual Investment Conference in Nashville on November 17, 2022 Raymond James Technology Investors Conference in New York City on December 7, 2022 D.A. Davidson FinTech & Payments Spotlight Conference in New York City on December 8, 2022 About i3 Verticals, Inc. The Company delivers seamless integrated software and services to customers in strategic vertical markets. Building on its broad suite of software and services solutions, the Company creates and acquires software products to serve the s

i3 Verticals, Inc. (NASDAQ:IIIV) (the "Company") announced today the acquisition, effective October 1, 2022, of a leading provider of enterprise software solutions for the motor carrier and motor vehicle markets in the U.S. States and Canada. The total consideration paid for the acquisition was approximately $85 million. The Company currently expects the acquisition to be accretive to pro forma adjusted diluted earnings per share. The Company will discuss this acquisition in further detail during its upcoming fourth quarter and year-end earnings call in November. Greg Daily, CEO of i3 Verticals, commented, "This acquisition further strengthens our competitive position in the Public Sector

i3 Verticals, Inc. (NASDAQ:IIIV) (the "Company"), today announced an acquisition that further strengthens its Public Sector vertical. The acquisition was effective on December 31, 2021. The acquired business provides solutions for court system data management in the southeast and mid-Atlantic. Among other solutions, this business provides software products that enable electronic filing, case management and document imaging. This business focuses on state-level customers and is the Company's second acquisition in that market. The Company will discuss this acquisition in further detail during its upcoming fiscal 2022 first quarter earnings call in February. Chairman and CEO Greg Daily comm

Announces Latest Public Sector Acquisition Raises 2021 Outlook i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal second quarter ended March 31, 2021. Highlights for the fiscal second quarter and six months ended March 31, 2021 vs. 2020 Second quarter revenue was $47.9 million, an increase of 22% over the prior year's second quarter. Revenue for the six months ended March 31, 2021, was $91.2 million, an increase of 14% over the prior year's first six months. Second quarter adjusted net revenue1, which excludes acquisition revenue adjustments, was $49.4 million, a decrease of 26% over the prior year's second quarter.

NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”) today reported its financial results for the fiscal first quarter ended December 31, 2020. Highlights for the fiscal first quarter of 2021 vs. 2020 First quarter revenue was $43.3 million, an increase of 5% over the prior year's first quarter. First quarter adjusted net revenue1, which excludes acquisition revenue adjustments, was $44.9 million, an increase of 8% over the prior year's first quarter. First quarter net loss was $4.1 million, compared to net income of $1.9 million in the prior year's first quarter. First quarter adjusted EBITDA1 was $10.9 million, a decre

NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. (Nasdaq: IIIV) (the “Company”), today announced the acquisition of substantially all of the assets of Business Information Systems, GP and Business Information Systems, Inc. (collectively “BIS”), a business based in east Tennessee that provides software and electronic payment solutions in a variety of states. BIS will fit within the Company’s Public Sector vertical. Chairman and CEO Greg Daily commented, “We are pleased to announce the completion of the BIS transaction, which is our largest acquisition to date. BIS is a premier provider of integrated payment and transaction solutions that create efficiencies and cost-savings f