- i3 Verticals, Inc. is a niche player in the payment processing and vertical software market, focusing on tailored technology solutions for public sector, education, and healthcare, with a strong emphasis on recurring revenue from SaaS subscriptions and transaction-based fees.
- In the past year, i3 Verticals completed the acquisition of a motor vehicle insurance verification software company for $60 million, enhancing its product offerings and annualized recurring revenue, which grew by 8.4% year-over-year to $169.6 million as of December 31, 2025.
- Key customers include educational institutions and government agencies, with the company's solutions integrating payment management systems with student information platforms and court fee processing, demonstrating its commitment to vertical-specific needs.
- The ideal buyer for i3 Verticals is a decision-maker in public sector or educational institutions seeking integrated payment solutions that streamline operations and enhance user experience, making it a timely opportunity for sales teams to engage with these sectors.
Engineering is the largest team with 113 employees, representing about 32% of the company. Sales and Support follows with 81 employees (approximately 23%), reflecting a sizable customer-facing presence. Mid‑sized groups include Business Management (32), Marketing and Product (31), and Finance and Administration (29), while Information Technology (24) and Program and Project Management (17) provide technical and delivery support. Smaller teams include Operations (8) and Healthcare (4), with 15 employees categorized as Other, indicating a diversified set of specialized roles.
i3 Verticals’ workforce is distributed across numerous locations, with 239 employees in other locations beyond the named hubs, underscoring a broadly dispersed footprint. Notable concentrations include Nashville, TN (37), Detroit, MI (12), Houston, TX (12), Atlanta, GA (11), Cleveland, OH (10), and Vadodara, India (10). Additional clusters appear in Johnson City, TN (9), Murfreesboro, TN (8), and Dallas, TX (6). This mix suggests a blend of regional offices and remote or smaller sites supporting operations nationwide and abroad.
