Information Services Corp’s (TSE:ISV) Irish subsidiary Enterprise Registry Solutions Limited (ERS) has reached a deal to provide a safety regulation system to the Irish Aviation Authority (IAA).
The contract will pay ERS C$7 million for its system, known as RegSys, which is expected to go live in 2021.
An additional contract is expected for system support and maintenance.
“This agreement with the IAA not only demonstrates the strong capabilities of our technology as a modern and advanced solution for aviation regulatory systems but also the confidence in our team to deliver a world-class product,” Information Services CEO Jeff Stusek said in a statement.
The RegSys system will provide the IAA with technology to handle licensing, registration, aviation security, air navigation regulation and safety management while providing a better user experience.
Information Services' share price rose 1.2% Wednesday to $15.86.
—Updated to include closing price—
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