ISC’s Technology Solutions Segment Wins Contract With the State of Michigan to Provide New UCC System
01 Novembro 2023 - 9:00AM
Information Services Corporation (TSX:ISV) (“ISC” or the “Company”)
is pleased to announce a new contract through its Technology
Solutions segment. ISC has secured a US$3.2 million (approx. CA$4.5
million) contract with the State of Michigan for a period of five
years, with the option of an extension for up to five more years.
The new contract — which includes delivery of a
modern, online Uniform Commercial Code (“UCC”) System using the
Company’s RegSys platform — will support service improvement and
efficiencies for the State of Michigan. The platform includes
robust functionality and will enable 24/7 filing and searching of
finance statements, federal tax liens, state tax liens and
unemployment liens, enabling greater customer flexibility and
enhanced functionality, as well as back-office improvements for
State staff.
Shawn Peters, President and CEO of ISC, commented:
“Our experience and proven expertise in the development and
implementation of registry systems will make us a valuable resource
for the State of Michigan for years to come. We are excited to work
with them on this critical modernization project utilizing our
RegSys platform, and are equally excited about both the realized
and potential growth of our Technology Solutions segment.”
For sales inquiries or to request a product
demonstration of the RegSys platform, please email us at
contact@isc.ca
See how ISC’s three lines of business are growing
the registry operations, technology solutions and information
services landscape: https://company.isc.ca/what-we-do
About ISCHeadquartered in
Canada, ISC is a leading provider of registry and information
management services for public data and records. Throughout our
history, we have delivered value to our clients by providing
solutions to manage, secure and administer information through our
Registry Operations, Services and Technology Solutions segments.
ISC is focused on sustaining its core business while pursuing new
growth opportunities. The Class A Shares of ISC trade on the
Toronto Stock Exchange under the symbol ISV.
Cautionary Note Regarding
Forward-Looking InformationThis news release contains
forward-looking information within the meaning of applicable
Canadian securities laws including, without limitation, statements
related to the development and implementation of a modernized UCC
system for the State of Michigan and anticipated benefits.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those expressed or implied by such
forward-looking information. Important factors that could cause
actual results to differ materially from the Company's plans or
expectations include risks relating to changes in economic, market
and business conditions, implementation within the time specified
and at the expected cost, changes in technology and customers’
demands and expectations, termination risks and other risks
detailed from time to time in the filings made by the Company
including those detailed in ISC’s Annual Information Form for the
year ended December 31, 2022 and ISC’s unaudited Condensed
Consolidated Interim Financial Statements and Notes and
Management’s Discussion and Analysis for the second quarter ended
June 30, 2023, copies of which are filed on SEDAR+ at
www.sedarplus.ca.
The forward-looking information in this release
is made as of the date hereof and, except as required under
applicable securities laws, ISC assumes no obligation to update or
revise such information to reflect new events or circumstances.
Investor Contact
Jonathan HackshawSenior Director, Investor
Relations & Capital MarketsToll Free: 1-855-341-8363 in North
America or 1-306-798-1137investor.relations@isc.ca
Media Contact
Jodi BosnjakExternal Communications SpecialistToll
Free: 1-855-341-8363 in North America or
1-306-798-1137corp.communications@isc.ca
Information Services (TSX:ISV)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Information Services (TSX:ISV)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024