Information Services Corp (TSE:ISV) has unveiled a new business win, signing an agreement with the Province of Saskatchewan to continue operations under two existing programs up until 2033.
The company, the exclusive provider of the land titles, surveys, personal property and corporate registries for Saskatchewan, confirmed in a news release that it had now signed a new programs operating agreements (POA) for the Common Business Identifier (CBI) program and the Business Registrations Saskatchewan (BRS) program.
Under the agreements, ISV is set to receive $825,000 per year in operating fees in return for managing and operating the CBI and BRS programs on behalf of the province. The fee is to be reviewed annually, and such reviews will be linked to inflation.
And the company also clarified that the agreement adds to an existing master service agreement for several registries for the Province of Saskatchewan.
Jeff Stusek, ISV chief executive, said: "We are pleased that the province continues to trust in our ability to manage and operate registries and programs effectively and efficiently on its behalf."
"The CBI and BRS programs simplify the formation of a new business or non-profit enterprise and make it easier to do business in Saskatchewan."