Public Company Software

i3 Verticals

Nashville, Tennessee, United States

i3 Verticals delivers integrated software and services to customers in Public Sector markets, building on a platform of software and services solutions and creating/acquiring software products for public sector needs.

Focus Areas
Public sector software, Integrated software and services, Public sector payments software
Website
i3verticals.com

Tracked deals

6

6 tracked deals across 2019-2023.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

6 buyout

i3 Verticals Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for i3 Verticals. 1 2019 3 2021 2 2022

Supporting Data

Recent Transactions

  • i3 Verticals Acquires AccuFund, Inc.
    January 1, 2023
    Buyer
    i3 Verticals, Inc.
    Target
    AccuFund, Inc.
    Industry
    Software
    Location
    Colorado, United States
    Type
    Buyout

    i3 Verticals, Inc. (Nasdaq: IIIV) acquired AccuFund, Inc., a provider of fund accounting software for U.S. government entities and nonprofits, effective January 1, 2023. The acquisition expands i3 Verticals' public sector product set and customer base by adding AccuFund's fund accounting capabilities to its vertical software platform.

  • i3 Verticals Acquires Celtic Systems for $85 Million
    November 30, 2022
    Buyer
    i3 Verticals, Inc.
    Target
    Celtic Systems (Celtic Cross Holdings)
    Seller
    Celtic Cross Holdings
    Industry
    Software
    Location
    Arizona, United States
    Type
    Buyout

    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.

  • i3 Verticals Acquires 30-Year-Old Court Systems Software Business
    December 31, 2021
    Buyer
    i3 Verticals, Inc.
    Target
    Undisclosed court systems software business
    Industry
    Software
    Location
    United States
    Type
    Buyout

    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
    Buyer
    i3 Verticals, Inc.
    Target
    Undisclosed healthcare revenue cycle management business
    Industry
    Healthcare Services
    Location
    United States
    Type
    Buyout

    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 Business Information Systems (BIS)
    February 5, 2021
    Buyer
    i3 Verticals, Inc.
    Target
    Business Information Systems, GP, Business Information Systems, Inc.
    Industry
    Payments & Fintech
    Location
    Tennessee, United States
    Type
    Buyout

    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.

  • i3 Verticals Acquires Net Data (Northeast Texas Data, LLC and Graves Humphries Stahl, LLC)
    April 8, 2019
    Buyer
    i3 Verticals, Inc.
    Target
    Northeast Texas Data, LLC, Graves Humphries Stahl, LLC
    Industry
    Government & Public Sector
    Location
    Texas, United States
    Type
    Buyout

    i3 Verticals, Inc. completed the acquisition of Northeast Texas Data, LLC and Graves Humphries Stahl, LLC (collectively “Net Data”) for approximately $24 million. Net Data provides software and services to municipalities and local governments in Texas (a team of ~70 employees), and the deal expands i3 Verticals' Public Sector capabilities and presence in the Texas market.

Related Acquisition Pages

Software Buyers & Acquisitions 3 tracked deals by i3 Verticals. Government & Public Sector Buyers & Acquisitions 1 tracked deal by i3 Verticals. Healthcare Services Buyers & Acquisitions 1 tracked deal by i3 Verticals. Payments & Fintech Buyers & Acquisitions 1 tracked deal by i3 Verticals. Acquisitions in Arizona 1 tracked deal by i3 Verticals. Acquisitions in Colorado 1 tracked deal by i3 Verticals. Acquisitions in Tennessee 1 tracked deal by i3 Verticals. Acquisitions in Texas 1 tracked deal by i3 Verticals.

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