What i3 Ventures Merchant Record Payment Business does

i3 Verticals (NASDAQ: IIIV) is a Nashville-headquartered, publicly traded provider of integrated software and payment processing solutions dedicated to the US public sector. The company serves more than 5,000 contracted government and education customers across all 50 states and Canada, organized around five verticals: JusticeTech (courts, law enforcement, public safety), Public Administration (ERP for municipalities), Transportation (DMVs, motor carriers, permitting), Utilities (CIS, billing, customer experience), and Education (K-12 payments and nutrition). The platform is delivered as cloud-based, browser-accessible SaaS with embedded payment processing, supported by a 24/7 domestic service team.

The core product portfolio includes the TrueFiling® web-based eFiling platform, the i3 CourtOne™ Case Management Solution, the ePortal utility customer-experience platform, the PaySchools K-12 nutrition and payments platform, an integrated ERP suite (Fund Accounting, Municipal Licensing, Utility Billing, Human Capital Management, Land Records, Revenue Management), and transportation modules covering VTRS, IRP, IFTA, EZ Tag, PARS, and EIVS. Modules such as Revenue Cycle Management, Accounts Receivable, eIVRConnect, eNotify, eNeighbor, and InterOp Mobile extend the platforms with workflow automation and citizen-facing tools. The company's technology stack is positioned as a modern, secure, scalable cloud infrastructure engineered to meet public-sector compliance and cybersecurity requirements.

i3 Verticals generates revenue through five streams: subscription software licenses (Integrated Software Solutions and cloud SaaS), transaction-based payment processing for courts, government agencies, and utilities, professional services (implementation, training, support), and hardware sales (POS terminals, receipt printers, cash drawers). Go-to-market is a direct enterprise field-sales motion targeting state, county, and local government buyers through specialized vertical teams. The platform has been built through 26 strategic acquisitions combined with organic development, with FY2025 revenue growth of 11.5% and a swing from prior-year net loss to $5.6 million net profit.

Name

i3 Ventures Merchant Record Payment Business

Legal name

i3 Verticals, LLC

Website

https://i3verticals.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

i3 Verticals is a NASDAQ-listed (ticker IIIV) provider of cloud-based software and payment processing solutions serving over 5,000 state, local, and education government customers across JusticeTech, Public Administration, Transportation, Utilities, and Education verticals in the US and Canada.

Ownership category

akta.pro rank

Product category

Public Sector Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Services (8741)

akta.pro primary industry

Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

akta.pro secondary industries

Payment Gateways & Orchestration (BPAMAFAA), Billing, Payments & Subscription Support (BPAAABAC)

Keywords

• Public sector software
• Government payment processing
• Civic case management
• Utility billing solutions
• K-12 education payments

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Integrated Software Solutions: Subscription-based software licenses for vertical-specific government solutions including JusticeTech, Transportation, Utilities, Public Administration, and Education verticals.
2. Payment Processing: Transaction-based payment processing for courts, government agencies, and utilities supporting debit/credit cards, eChecks, and IVR payments.
3. Professional Services: Implementation, training, and ongoing support services for government customers deploying integrated software solutions.
4. Hardware Sales: Sale of POS terminals, receipt printers, cash drawers, and related hardware for concession and payment processing operations.
5. Cloud-based SaaS: Browser-based solutions accessible from any device, providing ongoing revenue through subscription model.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

i3 Verticals provides integrated vertical software and payment processing solutions for the public sector, including JusticeTech (court case management, eFiling, payment processing), Public Administration ERP (fund accounting, licensing, utility billing, tax), Transportation (motor vehicle, motor carrier, IRP/IFTA, permitting), Utilities (customer portals, billing, IVR), and K-12 Education (nutrition POS, online payments, concessions). The company combines subscription-based SaaS, transaction-based payment processing, professional services, and hardware sales to serve 5,000+ government customers across all 50 U.S. states and Canada.

Product overview

i3 Verticals is a unified software platform company serving the Public Sector with integrated software solutions across five key vertical markets: JusticeTech, Public Administration, Transportation, Utilities, and Education. The portfolio includes core platforms such as TrueFiling® (eFiling), i3 CourtOne™ (Case Management), PaySchools (Education payments), and ePortal (Utility customer experience), along with ERP solutions (Fund Accounting, Human Capital Management, Land Records, Regulatory Licensing, Revenue Management), Transportation solutions (Motor Vehicle, Motor Carrier, Driver Licensing), and various add-on modules. The company serves over 5,000 contracted customers across all 50 states and Canada through a combination of organic growth and 26 strategic acquisitions.

Differentiator

Problem solved

Functional benefit

Brands

• JusticeTech: Case Management, Digital Evidence, e-Filing, Mobile Tools for courts and public safety
• TrueFiling
• i3 CourtOne
• PaySchools
• ePortal
• i3 Education
• MiFILE

Products and services

• JusticeTech Comprehensive suite of software solutions for courts and justice system operations, including case management, eFiling, digital evidence management, and payment processing for courts and law enforcement agencies.
• TrueFiling Advanced web-based eFiling platform enabling attorneys, legal professionals, and the public to submit court documents online 24/7 with real-time tracking and instant notifications.
• i3 CourtOne Case Management Solution Case Management Solution (CMS) for courts providing comprehensive case tracking, document management, and workflow automation across multiple court levels (Circuit, Family, and Magistrate Courts).
• JusticeTech Payment Solution Browser-based payment processing system supporting EMV, online payments, and IVR for tax collection, courts, DMVs, and public sector payments.
• ePortal Customer experience portal for utilities designed to streamline processes and provide enriched customer experience including bill payment, usage monitoring, conservation tools, and digital communication.
• uVisionPlus Cloud-based utility billing solution for managing utility accounts, billing, and customer information for water, gas, and electric utilities.
• PaySchools School nutrition and payment platform providing integrated solutions including point-of-sale, application processing, online meal payments, and inventory management for K-12 districts.
• Concessions Software Point-of-sale solution specifically designed for K-12 athletic programs enabling credit card payments, streamlining reporting, and simplifying financial tracking with annual subscription and no long-term commitment.
• ERP Solutions Enterprise Resource Planning software for public sector including Appraisal & Tax, Financial Management, Human Capital Management, Land Records Management, Regulatory Licensing, Utility Billing, Fund Accounting, and Municipal Licensing modules for government organizations.
• Transportation Solutions Software solutions for motor vehicle services, motor carrier services, and driver licensing including title/registration systems, IRP/IFTA credentialing, permitting, and automated routing for government transportation agencies.
• Accounts Receivable Solution Online-managed service solution for courts to help navigate defendants to case resolution with automated notifications, payment processing, and skip-tracing capabilities.
• West Virginia Public Access Search System (WVPASS) JusticeTech solution providing public access to circuit court case information across all 55 counties in West Virginia with real-time access to dockets and filings.

Quantifiable outcome

• 81 Michigan Trial Courts now using MiFILE e-Filing platform
• +2 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered flagship and core.

• West Virginia Supreme CourtflagshipTechnology or Integration · 20 October 2025Expanded partnership for delivery of i3 CourtOne™ Case Management Solution (CMS) to Circuit, Family, and Magistrate Courts across the state, advancing transparency and operational efficiency in the statewide judicial system.
• Clark County, OhiocoreTechnology or Integration · 12 June 2025First standalone TrueFiling® implementation in Ohio for court eFiling modernization at Springfield-based county court.
• Smyrna School District, DelawarecoreTechnology or Integration · 10 April 2025PaySchools platform adoption for nutrition point-of-sale, application processing, online meal payments, and inventory management.
• State of TennesseecoreTechnology or Integration · 10 April 2025Permit and Automated Routing Solution partnership since 2014 for oversized/overweight vehicle registration and routing management.
• Arizona Department of Real EstatecoreTechnology or Integration · 23 March 2025Regulatory Licensing and Credentialing Software delivery to modernize real estate license processing across the state.
• Arkansas District Courts (multiple)coreTechnology or Integration · 13 February 2025Payment Processing Solutions and Revenue Cycle Management deployed at Helena District Court, Stone County District Court, Benton County District Court, Ouachita County District Court, Texarkana District Court, and Miller County District Court.
• Georgia Probate CourtscoreTechnology or Integration · 16 January 2025TrueFiling® Solution expansion into seven new Georgia probate courts including Clayton County (5th largest county in state) as Georgia prepares for mandatory eFiling.
• Saskatchewan Province, CanadacoreTechnology or Integration · 20 December 2024Motor Carrier Services providing IRP credentialing and fee apportionment platform for transportation sector as IRP partner.
• City of Phoenix Water Services DepartmentflagshipTechnology or Integration · 12 December 2024ePortal self-service solution launch for Arizona's largest municipal water provider serving over 1.7 million customers.
• Michigan State Court Administrative OfficecoreTechnology or Integration · 10 December 2024Partnership for MiFILE statewide e-Filing platform powered by TrueFiling®; 81 Trial Courts now live with goal to surpass 100 courts in 2025.
• City of Opelousas, LouisianacoreTechnology or Integration · 5 December 2024Implementing Fund Accounting, Municipal Licensing, and Utility Billing ERP solutions to transform municipal operations and enhance efficiency.
• Georgia Municipal Police Departments and CourtscoreTechnology or Integration · 31 October 202412 new municipal police departments and courts adopted Law Enforcement and Court Software suite for digital tracking, records access, and fee/fine collection.
• Seattle Public UtilitiescoreTechnology or Integration · 5 June 2024ePortal customer experience platform provider; customer ranked #1 in West for Large Utilities by JD Power 2024 residential customer satisfaction study.
• Aqua (Northeast)coreTechnology or Integration · 5 June 2024ePortal solution provider; ranked #2 in Northeast for Large Utility Provider by JD Power 2024.
• Colorado Springs UtilitycoreTechnology or Integration · 5 June 2024ePortal solution partner; ranked 4th out of 15 providers in West Midsize category by JD Power 2024.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CentralSquare Technologies: Public sector software vendor serving public safety, courts, utilities, and finance. Competes with i3 Verticals in JusticeTech, public safety, and government ERP categories with comparable vertical-specific deployments.
• NIC Inc. (now part of Tyler Technologies): Provider of digital government services and payment processing for state and local agencies, including court payments, DMV, and utilities. Direct comparable to i3 Verticals' eGovernment and payment processing business; acquired by Tyler Technologies in 2021.
• CivicPlus: Integrated technology platform for local government including payment processing, websites, citizen engagement, and code enforcement. Competes with i3 Verticals in municipal government software and online payment categories.
• Tyler Technologies: Large-scale provider of software solutions to the public sector including courts, justice, education, transportation, and utilities. Tyler is i3 Verticals' most direct competitor in government vertical SaaS and shares many of the same end markets and RFPs.
• Granicus: Government experience cloud platform providing communications, content, and payment processing for state and local government. Overlaps with i3 Verticals in government payment processing and digital service delivery.

Emerging players

• PayIt: Government payment and digital service platform enabling online transactions for taxes, utilities, courts, and motor vehicle services. Directly comparable to i3 Verticals' payment processing arm and competes for similar government RFPs.
• OpenGov: Cloud software provider for state and local government focused on budgeting, finance, and procurement. Comparable to i3 Verticals' Public Administration ERP vertical with modern cloud-native architecture serving similar government buyers.

Broad incumbents

• Conduent: Large incumbent business process services and payment processing provider serving government, transportation, and commercial clients. Overlaps with i3 Verticals on government payment processing and transportation solutions, but operates at much greater scale across multiple industries.
• Superion (now part of Trimble / former TriTech / Sungard Public Sector): Public sector software suite covering public safety, courts, and utilities. Comparable to i3 Verticals' JusticeTech and Utilities verticals; now operates within Trimble's broader public sector portfolio.

Regional players

• Vertafore: Insurance technology platform with a public sector practice serving state regulatory and licensing agencies. Comparable to i3 Verticals' Regulatory Licensing and Credentialing Software vertical (e.g., Arizona Department of Real Estate), though primarily serves the insurance/regulatory niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/i3verticals
• LinkedInlinkedin.com/company/i3verticals
• Xx.com/i3Verticals_

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about i3 Ventures Merchant Record Payment Business