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i3 Verticals Completes Sale of Merchant Services Business to Payroc WorldAccess, LLC

Sep 23, 2024•over 1 year ago

Contract Type

partnership

NashvilleInformation TechnologySoftware

Description

i3 Verticals, Inc. has completed the sale of its merchant services business, including its associated proprietary technology, to Payroc WorldAccess, LLC for approximately $438 million in cash. Following this divestiture, i3 Verticals is now focused solely on the Public Sector (including Education) and Healthcare verticals.

Company Information

Company

i3 Verticals

Location

Nashville, Tennessee, United States

About

The Company delivers seamless integrated payment and software solutions to customers and end users in strategic vertical markets. Building on its sophisticated and diverse platform of software solutions, the Company creates and acquires software products to serve the specific needs of public and private organizations in its strategic verticals that include Public Sector, Healthcare and Education, among others.

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Strategic partnership established

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