i3 Verticals, Inc.
i3 Verticals, Inc. is a software and payments company listed on the NASDAQ under ticker IIIV, specializing in vertical software solutions for mission-critical niche markets. Headquartered in Nashville, Tennessee, the company operates across the United States and Canada.
About the Company
Founded in 2012 as i3 Verticals, LLC and incorporated in 2018, i3 Verticals serves five core verticals: JusticeTech and Public Safety, Public Administration and ERP, Transportation, Utilities, and Education. The company provides cloud-native solutions addressing court case management, public safety, administrative workflows, payments, accounts receivable, transportation, and school-related operations.
i3 Verticals has grown through organic expansion and strategic acquisitions, with thousands of software installations across all 50 U.S. states. The company positions itself as a niche specialist in public-sector software, emphasizing integrated software delivery, implementation, regulatory expertise, and the ability to combine software, services, and payment flows in operationally complex environments.
Recent Developments
- Sale of Merchant of Record payments business to Payroc for $440 million (2024)
- Divestiture of Healthcare RCM business to Infinx (2024)
- Acquisition of a state-level transportation-market business focused on motor vehicle insurance verification software (February 2026)
- Q2 fiscal 2026 results showing growth in revenue from continuing operations
The company has sharpened its strategic focus on public-sector software following portfolio simplification.
Executive Leadership
- Gregory S. Daily - Chief Executive Officer
- Paul Christians - Chief Revenue Officer
- Frederick Stanford - President
- Geoffrey C. Smith - Chief Financial Officer
- Christopher Laisure - President, Public Sector
- Paul Maple - General Counsel and Secretary
- Clay M. Whitson - Chief Strategy Officer
- David K. Morgan, John C. Harrison, Timothy McKenna, Elizabeth S. Courtney, David M. Wilds - Directors
Market Position
i3 Verticals is positioned as a small- to mid-cap technology stock with exposure to public-sector digitalization. The company's competitive edge lies in functional depth, regulatory know-how, and its ability to integrate software, services, and payment flows in complex operational environments.