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M&A Deal Summary

i3 Verticals Acquires Business Information Systems

On February 5, 2021, i3 Verticals acquired information technology company Business Information Systems for 88M USD

Acquisition Highlights
  • This is i3 Verticals’ 14th transaction in the Information Technology sector.
  • This is i3 Verticals’ largest (disclosed) transaction.
  • This is i3 Verticals’ 16th transaction in the United States.
  • This is i3 Verticals’ 3rd transaction in Tennessee.

M&A Deal Summary
Date 2021-02-05
Target Business Information Systems
Sector Information Technology
Buyer(s) i3 Verticals
Deal Type Add-on Acquisition
Deal Value 88M USD

Target

Business Information Systems

Piney Flats, Tennessee, United States
Business Information Systems (BIS) is a data systems design partnership company that helps businesses and municipalities find solutions by using the latest computer technology and programming techniques. BIS was formed in 1977 and is located in Piney Flats, Tennessee.

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Buyer(S) 1

Buyer

i3 Verticals

Nashville, Tennessee, United States
Category Company
Founded 2012
Sector Information Technology
Employees1,480
Revenue 230M USD (2024)
DESCRIPTION

i3 Verticals is a technology and integrated payments provider for a range of industry verticals throughout the United States. i3 Verticals was founded in 2012 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 16 of 17
Sector: Information Technology M&A 14 of 14
Type: Add-on Acquisition M&A Deals 16 of 17
State: Tennessee M&A 3 of 3
Country: United States M&A 16 of 17
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Pace Payment Systems

Murfreesboro, Tennessee, United States

Pace Payment Systems is a service payment solution provider that serves businesses by offering payment processing services for Visa, MasterCard, Discover, etc. Pace Payment Systems was founded in 1999 and is based in Murfreesboro, Tennessee.

Buy $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-06 AccuFund

Castle Rock, Colorado, United States

AccuFund is a provider of fund accounting solutions for government entities and nonprofits in the United States. The company's complete fund accounting financial management solution is available online or onsite that consists of a strong core system and modules to allow clients in expanding their needs. AccuFund was formed in 2001 and is based in Castle Rock, Colorado.

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