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i3 Verticals Buys Texas Software Firm NET Data for $24M

Wilbert Doyle by Wilbert Doyle
June 26, 2022
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The publicly traded i3 Verticals generally works in fee processing and serves each private and public sector. NET Data, meanwhile, offers a diffusion of offerings to several government verticals.

A publicly traded corporation, i3 Verticals, has received the public-region software and services agency Northeast Texas Data for $24 million.

The employer, most usually known as NET Data, is 35 years vintage and provides a broad technology portfolio covering jury selection and court docket control, record imaging, belongings tax billing and delivery, and dying facts. The firm, more often than not, operates in Texas, in step with a press launch.

Verticals

The obtaining commercial enterprise, i3, is targeted on charge processing and serves each the non-public and public sector and the health care and education industries. It published $324 million in gross sales the remaining year, in step with a regulatory submitting.

“We are excited to announce the crowning glory of the Net Data acquisition, as we hold to amplify our public zone vertical,” i3 CEO Greg Daily said within the declaration. “We stay up for running with the talented and devoted NET Data crew of 70 personnel constructed over 35 years. With the finishing touch of this transaction, we have received new software to provide to our neighborhood authorities clients, and we’ve got increased into an appealing Texas marketplace.”

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Wilbert Doyle

Wilbert Doyle

Introvert. Total beeraholic. Food advocate. Thinker. Coffee geek. Hardcore bacon buff. Travel guru. Uniquely-equipped for researching saliva in Libya. Had a brief career training yogurt in Pensacola, FL. Spent 2002-2007 merchandising bagpipes for no pay. Spent 2002-2009 building toy trucks in Hanford, CA. Had moderate success buying and selling tar in Fort Walton Beach, FL. Spent 2001-2007 developing strategies for bathtub gin in Naples, FL.

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