Information Services Corp. Launches Major Strategic Review to Maximize Shareholder Value

Information Services Corporation (ISC) is embarking on a comprehensive strategic review, a move designed to explore all avenues for maximizing value for its shareholders. This pivotal evaluation could lead to a variety of significant outcomes, including a potential sale of the company, a merger, or other transformative strategic transactions.

To navigate this complex process, ISC has enlisted the expertise of top financial advisors: RBC Capital Markets and TD Securities.

Their role will be crucial in guiding the company through its assessment of strategic alternatives and potential opportunities in the market.

However, ISC is also exercising caution, clearly stating that there is no guarantee this review will result in any specific transaction. The timeline for the completion of this evaluation is also not fixed.

To ensure impartiality and robust oversight, the company's board has established a special committee composed entirely of independent directors. This committee will oversee the review process, with legal counsel provided by McCarthy Tétrault LLP.

The company has indicated that it will maintain a degree of confidentiality throughout the process, pledging not to provide ongoing updates unless a definitive transaction is recommended or another material development occurs that necessitates public disclosure.

Headquartered in Regina, Saskatchewan, ISC is a prominent provider of registry and information management services.

Its core business revolves around managing essential registries, including land, personal property, and corporate registries, predominantly within Saskatchewan. Beyond its home province, ISC has also expanded its operational footprint to other Canadian provinces and into the United States.

Financially, ISC reported a net income of $8.9 million on revenues of $50.3 million in its most recent first-quarter report.

This compares to a net income of $9.8 million on revenues of $48.5 million during the same period in the previous year. The decision to undertake a strategic review underscores ISC's proactive stance in a dynamic business environment, aiming to unlock new levels of value and secure a strong future for its investors.