i3 Verticals Completes Public Sector Acquisition
Summary
We have been exploring for some time the acquisition of a strong fund accounting solution to further complement our wide ranging Public Sector product offerings and we believe that Accufund is an ideal fit. While it is a smaller acquisition, Accufund meets a strategic objective and brings its own expansive new customer base to supplement our own Public Sector and Education footprint. Building on its sophisticated and diverse platform of software and services solutions, the Company creates and acquires software products to serve the specific needs of public and private organizations in its strategic verticals, including its Public Sector (including Education) and Healthcare verticals. Forward-looking statements give the Companys current expectations and projections relating to its financial condition, results of operations, guidance, plans, objectives, future performance and business. The forward-looking statements contained in this release are based on assumptions that we have made in light of the Companys industry experience and its perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances.