i3 Verticals, Inc. (NasdaqGS:IIIV) will look for acquisitions. The company primary cash needs are to fund working capital requirements, invest in technology infrastructure, fund acquisitions and related contingent consideration, make scheduled principal and interest payments on outstanding indebtedness and pay tax distributions to members. The company's growth strategy includes acquisitions. The company expects to fund acquisitions through a combination of net cash from operating activities, borrowings under Senior Secured Credit Facility and through the issuance of equity and debt securities.
i3 Verticals, Inc. builds, acquires, and grows software solutions in strategic vertical markets. The Company operates through two segments: Merchant Services and Software and Services. The Software and Services segment delivers vertical market software solutions to customers across all of its strategic vertical markets. These solutions often include embedded payments or other recurring services. The Merchant Services segment provides comprehensive payment solutions to businesses and organizations. Its Merchant Services segment includes third-party integrated payment solutions as well as traditional merchant processing services across its vertical markets. It offers integrated digital solutions offering dynamic processes to plan, coordinate, evaluate, record, and provide up to date information within court systems. It offers solutions for driver license, vehicle title and registration and motor carrier compliance for departments of transportation in the United States and Canada.