i3 Verticals, Inc. (Nasdaq: IIIV) (the “Company”) today announced the acquisition, effective January 1, 2023, of Accufund, Inc. (“Accufund”), a provider of fund accounting solutions for government entities and nonprofits in the United States. The Company will discuss this acquisition in further detail during its upcoming fiscal 2023 first quarter earnings call in February.
Greg Daily, CEO of i3 Verticals, commented, “The addition of Accufund’s accounting software solutions will greatly enhance our go to market strategy in the Public Sector vertical. We have been exploring for some time the acquisition of a strong fund accounting solution to further complement our wide ranging Public Sector product offerings and we believe that Accufund is an ideal fit. While it is a smaller acquisition, Accufund meets a strategic objective and brings its own expansive new customer base to supplement our own Public Sector and Education footprint. As always, we intend to continue our M&A efforts with strategic acquisitions in the Healthcare and Public Sector verticals to drive growth for the future.”
About i3 Verticals
The Company delivers seamless integrated software and services to customers in strategic vertical markets. Building on its sophisticated and diverse platform of software and services solutions, the Company creates and acquires software products to serve the specific needs of public and private organizations in its strategic verticals, including its Public Sector (including Education) and Healthcare verticals.
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Chief Financial Officer
i3 Verticals, Inc.