Information Services Corp secures Saskatchewan extension of master services agreement [Video]

Shawn Peters, CEO of Information Services Corporation (ISC), discussed the company’s recent extension to an exclusive master service agreement in an interview with Proactive. The agreement, which extends their current 20-year contract set to expire in 2033, solidifies the relationship between ISC and the government of Saskatchewan.

Peters emphasized that this extension is a win-win-win situation: the government gains certainty over the provider and operator of the registries, while users of the registries can expect continued delivery of services for the next 30 years with ISC’s investment in technology. Additionally, ISC benefits from the stability and security of a long-term contract, providing cash flow certainty and allowing for continued growth.

The agreement required some adjustments to fees to support the long-term structure, resulting in an anticipated $17 million in additional annual revenue and $16 million in EBITDA. Investors can now look forward to a future-proofed investment with ISC, leveraging the company’s reliability, dedication, and enterprise focus to drive growth in the next 10 to 30 years.

The enterprise view of ISC’s business involves operating registries, regulatory systems, and technology services that work together synergistically. Overall, this extension brings exciting prospects for ISC’s investors and demonstrates the company’s commitment to delivering high-quality services in the long term.

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