i3 Verticals, Inc.: management transactions · United States · SEC (Form 4)

About i3 Verticals, Inc.

i3 Verticals, Inc. is a software and payments company listed on the NASDAQ under ticker IIIV in the United States. For French-speaking investors, it should be viewed as a specialized vertical software provider rather than a broad horizontal software vendor. The company was formed in 2018 to carry on the business of i3 Verticals, LLC, which was founded in 2012. Its headquarters are in Nashville, Tennessee, and it operates across the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1728688/000172868826000032/iiiv-20260331.htm?utm_source=openai)) The company has historically grown through a combination of organic expansion and acquisitions in mission-critical niche markets where software, workflow integration, and transaction processing matter. Its current footprint is much more focused on the public sector following a series of divestitures and portfolio reshaping actions. i3 Verticals says it now serves five core verticals: JusticeTech and Public Safety, Public Administration and ERP, Transportation, Utilities, and Education. Its cloud-native solutions address court case management, public safety, administrative workflows, payments, accounts receivable, transportation, and school-related operations. ([i3verticals.com](https://www.i3verticals.com/reintroducing-i3-verticals-unified-solutions-for-a-modern-public-sector/?utm_source=openai)) From a competitive standpoint, i3 Verticals is positioned as a niche specialist in public-sector software, with an emphasis on integrated software delivery, implementation, and support. The company highlights thousands of software installations across all 50 U.S. states and Canada, indicating a broad installed base but one that is highly distributed. Its competitive edge is less about scale and more about functional depth, regulatory know-how, and the ability to combine software, services, and payment flows in operationally complex environments. ([investors.i3verticals.com](https://investors.i3verticals.com/news-releases/news-release-details/i3-verticals-reports-fourth-quarter-and-full-fiscal-year-2025?mobile=1&utm_source=openai)) Recent developments are centered on portfolio simplification and strategic focus. In 2024, i3 Verticals announced the sale of its Merchant of Record payments business to Payroc for $440 million, followed by the divestiture of its Healthcare RCM business to Infinx, sharply reducing exposure to healthcare revenue cycle management and traditional merchant payments. In 2026 company communications, management confirmed that i3 Verticals is now operating as a more concentrated public-sector software platform while continuing to pursue acquisitions, including the February 2026 purchase of a state-level transportation-market business focused on motor vehicle insurance verification software. The company also reported Q2 fiscal 2026 results showing growth in revenue from continuing operations. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1728688/000172868824000079/i3verticalssaleofmerchanto.htm?utm_source=openai)) For investors in France, Belgium, or Switzerland, i3 Verticals is best framed as a small- to mid-cap technology stock with exposure to public-sector digitalization, acquisition execution risk, and the potential benefits of a cleaner strategic profile after recent divestitures.