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Information Services wins US$2.1mln government contract in Missouri

The deal is worth around US$2.1mln, is for two years, and will see the tech group replace the current technology

Information Services wins US$2.1mln contract with gov't contract in Missouri
Pictured: Downtown St Louis, Missouri

Public data tech group Information Services Corp (TSE:ISV) has won yet another big contract - this time in the US state of Missouri.

The deal is worth around US$2.1mln, is for two years, and will see the tech group replace the current technology supporting the business services division of the Office of the Missouri Secretary of State's system with the RegSys platform.

"We are extremely pleased to partner with the Secretary of State in Missouri," said Jeff Stusek,  the president and chief executive of ISV.

"RegSys is starting to gain recognition in the U.S. as a trusted platform which secretaries of state can rely upon to improve the delivery of their business services divisions and registry-related services.

"We will continue to pursue opportunities like this in the U.S. as part of our overall growth strategy."

The Missouri Secretary of State's Office is responsible for maintaining the register of corporations, limited liability corporations, partnerships, trademarks, and uniform commercial code and service of process for the state.

The group's RegSys platform, says the group, delivers the flexibility, scalability and features that enable public sector organizations to deliver enhanced services to businesses and citizens.

The solution has also been used to manage other legal registries including intellectual property (IP), securities, licences, charities, UCC and pension schemes.

Quick facts: ISC

Price: 22.46 CAD

TSX:ISV
Market: TSX
Market Cap: $393.05 m
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