(IIIV) i3 Verticals - Ratings and Ratios

i3 Verticals is a company that specializes in building, acquiring, and scaling software solutions tailored for the public sector and healthcare industries in the U.S. and Canada. They operate across three main segments: Public Sector, Healthcare, and Other. Their software solutions are designed to streamline dynamic processes, from planning and coordination to evaluation and record-keeping, ensuring up-to-date information flow within court systems.

In the public sector, i3 Verticals offers a range of digital solutions. For courts, they provide E-Filing systems and revenue cycle management tools. They also cater to law enforcement with solutions for computer-aided dispatch, law records management, evidence management, jail management, mobile solutions, and Livescan. Additionally, they offer services for transportation, including driver’s license, vehicle title, and registration, along with motor carrier compliance.

For schools, the company provides a digital customer engagement platform that supports web, mobile, chat, and voice interactions, allowing customers to manage their data and accounts. They also offer billing and back-office management software. Their solutions extend to school lunch programs, covering meal account management, point of sale, menu planning, nutritional analysis, food inventory, and applications for free and reduced meals. Furthermore, they provide school event solutions, including ticketing and concessions.

i3 Verticals’ enterprise resource planning (ERP) products connect organizations and their data to facilitate information flow and insights across various departments. They also offer digital land records solutions, licensing and permitting tools to automate application, renewal, and payment processes, and digital solutions for appraisal information, tax collection management, revenue collection, and computer-assisted mass appraisal.

In the healthcare sector, the company provides electronic health records (EHR), practice management tools, patient engagement, and patient payment solutions. They also offer payer software solutions to manage compliance requirements, such as appeals and grievances, along with a network management platform that assists payers with contracting, credentialing, and outreach.

Founded in 2012 and headquartered in Nashville, Tennessee, i3 Verticals has established itself as a key player in the software solutions space for specific verticals. Investors and fund managers may find it noteworthy that the company operates in niche markets with significant recurring revenue potential. The company’s focus on mission-critical software solutions can provide stability, while its acquisition strategy offers a pathway for growth.

From a financial perspective, i3 Verticals has a market capitalization of $962.50 million, a price-to-book (P/B) ratio of 1.80, and a price-to-sales (P/S) ratio of 4.07. These metrics can be important for investors evaluating the company’s valuation relative to its peers and industry standards.