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Information Services on a roll as it gets deal to supply tech at Irish Companies Registry Office

The group's Irish subsidiary, Enterprise Registry Solutions Ltd, has inked an agreement with the Companies Registry Office
A landscape in Ireland
The CRO (Companies Registry Office) is the central repository of public information on Irish companies and business names

Information Services Corp (TSE:ISV) is a firm going from strength to strength and has now unveiled a deal for its new registry technology in Ireland.

The group's Irish subsidiary, Enterprise Registry Solutions Ltd, has inked an agreement with the Companies Registry Office to replace and support all of its registry systems with the firm's RegSys platform.

READ: Information Services shares higher as it wins C$7.1mln contract from Province of Nova Scotia

It comes hot on the heels of a contract worth around C$7.1mln with the province of Nova Scotia to replace the current technology on a business registry there.

"When we acquired ERS in January, 2017, we did so because we anticipate that the market for registry opportunities will continue to expand," said Jeff Stusek, the president and chief executive of ISV.

"This, along with last week's announcement regarding our agreement with the Province of Nova Scotia, demonstrates not only that the market is developing but also the strength of the RegSys platform.

"The Companies Registry Office in Ireland has elected to continue its long-standing relationship with us and we value their confidence in the ERS team and the RegSys solution."

The CRO (Companies Registry Office) is the central repository of public information on Irish companies and business names and has been a client of ERS since 2002.

WATCH: ISC seeing big opportunities for growth after significant year of acquisitions

Once the implementation of RegSys is completed toward the end of 2019, CRO customers will benefit from an enhanced customer experience, ISV said.

The RegSys solution has also been used to manage other legal registers such as intellectual property (IP), securities, licences, charities, UCC and pension schemes.

Shares in Information Services Corp  added 1.42% to stand a C$17.19 on Thursday

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Newswire
March 20 2019

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