REGINA, Saskatchewan, June 07, 2018 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today announced that its wholly owned subsidiary, Enterprise Registry Solutions Limited (“ERS”), has entered into an agreement with the Secretary of State of Missouri to replace the current technology supporting the business services division of the Office of the Missouri Secretary of State’s system with the RegSys platform. The total value of the contract is approximately USD$2.1 million and is for a period of two years.
Jeff Stusek, President & CEO of ISC commented, “We are extremely pleased to partner with the Secretary of State in Missouri. 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, LLCs, Partnerships, Trademarks, Uniform Commercial Code and Service of Process for the state. A key goal of this implementation is to increase the levels of customer satisfaction and efficiency of processing transactions. When implementation is complete, customers will benefit from an enhanced experience while employees will realize improved workflows and processes as a result of the advanced back office capabilities of RegSys.
RegSys is a multi-registry platform that delivers the flexibility, scalability and features that enable public sector organizations to deliver enhanced services to businesses and citizens. With a full suite of integrated modules which provide core functionality for submission, enforcement and enquiry processing, RegSys delivers solutions enabling the provision of core services to citizens in a user friendly, efficient manner across multiple access points. The RegSys solution has also been used to manage other legal registries including intellectual property, securities, licenses, charities, UCC and pension schemes.
For sales inquiries or to a request a product demonstration of the RegSys platform, please visit www.ersl.ie or contact one of the following:
Dennis White
Vice President, Marketing & Business Development
ISC
dennis.white@isc.ca
+1-306-787-0969
John Murray
Director, Business Development & Delivery
ERS
jmm@ersl.ie
Toll Free North America: +1-844-828-3775
+353-1-7917830
About ISC
Headquartered in Canada, ISC is the 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 Information
This news release contains forward-looking information within the meaning of applicable Canadian securities legislation, including statements related to business opportunities, growth, implementation 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 identification of viable business opportunities, changes in economic, market and business conditions, competition, implementation within the time specified and at the expected cost, changes in technology and customer demands and expectations, termination and other risks detailed from time to time in the filings made by the Company including those detailed in ISC’s Annual Information Form dated March 13, 2018 and ISC’s Unaudited Condensed Consolidated Interim Financial Statements and Notes and Management’s Discussion and Analysis for the three months ended March 31, 2018, copies of which are filed on SEDAR at www.sedar.com.
The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.
Investor Contact
Jonathan Hackshaw
Director, Investor Relations & Corporate Communications
306-798-2136
investor.relations@isc.ca