i3 Verticals Acquires AccuFund, Inc.

i3 Verticals Acquires 30-Year-Old Court Systems Software Business

December 31, 2021

Software

i3 Verticals, Inc. announced an acquisition effective December 31, 2021 of a 30-year-old business that provides court system data management solutions across the Southeast and Mid-Atlantic, including electronic filing, case management and document imaging software for state-level customers. The deal expands i3 Verticals' Public Sector product suite and creates cross-selling opportunities; the company also granted inducement equity awards to certain employees in connection with the acquisition.

i3 Verticals Acquires Healthcare Revenue Cycle Management Business

October 1, 2021

Healthcare Services

i3 Verticals, Inc. acquired an undisclosed healthcare revenue cycle management business effective October 1, 2021 for $60.0 million in cash. The acquired business provides revenue cycle management, administrative and consulting services to hospitals, academic medical centers and practice groups—leveraging proprietary software, EHR integrations and payer relationships to expand i3 Verticals' Healthcare vertical.

i3 Verticals Acquires Celtic Systems for $85 Million

November 30, 2022

Software

i3 Verticals, Inc. (Nasdaq: IIIV) acquired Celtic Systems (Celtic Cross Holdings), a provider of enterprise software and services for motor vehicle administrations and motor carriers, for approximately $85 million, effective October 1, 2022. The acquisition expands i3 Verticals' Public Sector capabilities and geographic reach across U.S. states and Canadian provinces and is expected to be accretive to pro forma adjusted diluted EPS.

Payroc Acquires i3 Verticals' Merchant Services Business

June 26, 2024

Payments & Fintech

Payroc WorldAccess LLC has acquired i3 Verticals' merchant services business and related payments software and technology in an all-cash transaction valued at $440 million (subject to purchase price adjustments). The acquisition—completed following regulatory approvals—boosts Payroc's processing scale and distribution capabilities while integrating i3's payments technology and merchant relationships into Payroc's platform.

i3 Verticals Acquires Business Information Systems (BIS)

February 5, 2021

Payments & Fintech

i3 Verticals, Inc. (Nasdaq: IIIV) acquired substantially all of the assets of Business Information Systems, GP and Business Information Systems, Inc. (BIS), a provider of software and electronic payment solutions serving state and local governments. The aggregate purchase price was approximately $87.7 million ( $52.5M cash and $35.2M Class A common stock) plus up to $16.0 million of contingent consideration; approximately 150 BIS employees joined i3 Verticals.

Infinx Acquires i3 Verticals' Healthcare Revenue Cycle Management Business

May 6, 2025

Healthcare Services

Infinx Healthcare has acquired the Healthcare Revenue Cycle Management business of i3 Verticals, Inc., expanding its footprint into academic medical centers and large provider groups. The deal brings an experienced RCM team and existing customer relationships into Infinx's AI-driven patient access and revenue cycle platform, strengthening its end-to-end services offering for healthcare providers.