Shares in Information Services Corp (TSE:ISV) ticked higher as it inked a contract worth around C$7.1mln with the province of Nova Scotia to replace the current technology on a business registry.
ISC provides registry and information management services for public data and records.
Its subsidiary Enterprise Registry Solutions (ERS) has signed an agreement with the Province of Nova Scotia to replace the current technology supporting the Nova Scotia registry of joint stock companies with the RegSys platform.
It is a ten year contract.
“We are extremely pleased to partner with the Province of Nova Scotia," said Jeff Stusek, the president and chief executive of ISC.
"We acquired ERS in January 2017 to better position ourselves to offer exceptional registry technology solutions to our current and future clients.
"I expect this to be the first of many new business opportunities as we continue to expand our portfolio of services and solutions to help governments and private sector organisations improve the delivery of their registry services.”
The Nova Scotia registry of joint stock companies maintains significant public information about the Province's business community.
Once the implementation of RegSys is complete in 2019, ISC said customers will benefit from an enhanced experience while employees will realise improved workflows and processes as a result of the advanced back office capabilities.
Shares in ISC added 0.29% to C$17 in Toronto.