Strong M&A Pipeline
The company remains optimistic about its acquisition pipeline, which is filled with promising opportunities. They maintain a disciplined approach to pricing and focus on strengthening the public sector vertical, which shows significant potential for growth and innovation.
West Virginia Supreme Court Partnership
i3 Verticals, Inc. announced an expanded partnership with the West Virginia Supreme Court to deliver the i3 Court One case management solution to the state's circuit, family, and magistrate courts. This includes value-added services designed to maximize efficiency and improve court's case disposition rates.
Shift Towards Recurring Revenue
The company is focusing on leaning into recurring revenue opportunities, opting for SaaS and recurring sources instead of professional services implementation sources during contract negotiations.
Platform Solutions Demand
There is a heightened demand for technology-forward platform solutions across the public sector, evidenced by an increase in RFPs and unified data structures for analytics. This reflects the recognition of i3 Verticals, Inc. as a trusted platform provider.