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- ISC wins a contract with the Principality of Liechtenstein.
- The total contract value is $6.2 million Swiss ($10.0 million CAD) over 5 years.
- Along with implementation, support and maintenance are included.
- Demonstrates ISC’s continued growth and expansion in providing registration solutions globally.
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REGINA, Saskatchewan, Nov. 28, 2024 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) is pleased to announce a new contract win. Through its wholly-owned subsidiary, Enterprise Registry Solutions Limited, the Company has signed an agreement with the Principality of Liechtenstein (“the Principality”) to offer a digital commercial registry system. The total value of the contract is 6.2 million Swiss dollars (about 10.0 million Canadian dollars) and is for a period of 5 years.
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The contract – which involves deploying a comprehensive digital solution for the emirate’s e-commerce registry – will be powered by ISC’s flexible and scalable RegSys platform. This system will enable government employees to simplify workflow, provide effective and accessible services to companies and individuals, and support the emirate’s commitment to digital transformation. RegSys will provide a suite of integrated features that support filings, record searches, and document retrieval, all delivered through a secure and intuitive customer portal designed for easy access across all devices.
“With more than two decades of experience providing innovative and secure registration solutions internationally, we are well-positioned to support the emirate’s digital transformation as a trusted partner,” says Sean Peters, President and CEO of ISC. “This project reflects our dedication to delivering custom registration solutions that drive efficiency, improve user experience, and deliver lasting value to our clients and customers around the world.”
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Using the RegSys platform, ISC’s Technology Solutions sector has successfully implemented and supported corporate registries across three continents, including implementations in Ireland, Guernsey, Jersey, Cyprus, the Dutch Caribbean, and at various levels of government in Canada, among others. For sales inquiries or to request a RegSys product demo, please email us at contact@isc.ca.
Learn how ISC’s three business lines are growing the enrollment operations, technology solutions, and information services landscape: https://company.isc.ca/what-we-do.
About the International Study Centre
Headquartered in Canada, ISC is a leading provider of registration and information management services for public data and records. Throughout our history, we have delivered value to our customers by providing information management, security and governance solutions across the Enrollment Processes, Services and Technology Solutions segments. ISC is focused on maintaining its core business while pursuing new growth opportunities. ISC’s Class A shares trade on the Toronto Stock Exchange under the symbol ISV.
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Cautionary note regarding forward-looking information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws, including, without limitation, statements regarding the term of the agreement between the ISC and the Principality of Liechtenstein and the expected benefits and economic flexibility of the terms of the contract. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks related to changes in economic, market and business conditions, performance on time and at the expected cost, changes in technology and customer demands and expectations, termination risks and other risks detailed from time to time in Files submitted by the Company including those detailed in ISC’s Annual Information Form for the year ending 31 December 2023 and ISC’s unaudited interim condensed consolidated financial statements. Data and management’s notes, discussions and analyzes for the third quarter and nine months ended September 30, 2024, copies of which are provided on SEDAR+ at www.sedarplus.ca.
The forward-looking information in this release is made as of the date hereof, and except as required under applicable securities laws, ISC undertakes no obligation to update or revise such information to reflect new events or circumstances.
Contact the investor
Jonathan Hackshaw
Senior Director, Investor Relations and Capital Markets
Toll Free: 1-855-341-8363 in North America or 1-306-798-1137
investor.relations@isc.ca
Media communication
Judy Bouchnak
External communications specialist
Toll Free: 1-855-341-8363 in North America or 1-306-798-1137
corp.communications@isc.ca
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