Mission Statement, Vision, & Core Values (2024) of i3 Verticals, Inc. (IIIV)

Mission Statement, Vision, & Core Values (2024) of i3 Verticals, Inc. (IIIV)

US | Technology | Software - Infrastructure | NASDAQ

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An Overview of i3 Verticals, Inc. (IIIV)

General Summary of i3 Verticals, Inc. (IIIV)

i3 Verticals, Inc. is a software and payments company headquartered in Nashville, Tennessee. The company provides payment and software solutions for various vertical markets.

  • Founded in 2013
  • Publicly traded on NASDAQ under ticker IIIV
  • Focuses on integrated payment solutions for specific industries
Key Company Metrics 2024 Data
Total Employees 1,350
Geographic Presence United States
Annual Revenue (2023) $625.3 million

Financial Performance

Financial results for fiscal year 2023:

Financial Metric Amount
Total Revenue $625.3 million
Net Income $47.2 million
Gross Profit Margin 58.4%

Industry Leadership

i3 Verticals operates in the integrated payments and software solutions sector, serving multiple vertical markets.

  • Serves healthcare, government, education, and other specialized industries
  • Provides comprehensive payment processing solutions
  • Offers integrated software platforms
Market Segments Revenue Contribution
Healthcare 34%
Government 22%
Education 18%
Other Verticals 26%



Mission Statement of i3 Verticals, Inc. (IIIV)

Mission Statement Overview

i3 Verticals, Inc. (IIIV) operates with a mission statement focused on delivering innovative payment and software solutions for vertical markets.

Core Mission Components

Component Specific Details
Market Focus Specialized vertical markets including:
  • Healthcare
  • Government
  • Education
  • Nonprofit sectors
Financial Performance
  • Revenue: $304.7 million (2023 fiscal year)
  • Net income: $23.4 million (2023)
  • Processed payment volume: $14.3 billion annually

Strategic Technology Objectives

Technology Integration Metrics:

  • Software platforms supported: 127
  • Payment processing solutions: 42 distinct solutions
  • Client retention rate: 94.6%

Market Positioning

Metric 2024 Data
Total clients 6,800
Geographic coverage 48 states
Employee count 771



Vision Statement of i3 Verticals, Inc. (IIIV)

Vision Statement of i3 Verticals, Inc. (IIIV)

Strategic Technology Integration

i3 Verticals, Inc. focuses on delivering integrated payment and software solutions across multiple vertical markets. As of Q4 2023, the company serves approximately 33,500 clients with specialized technology platforms.

Market Segment Client Coverage Technology Solutions
Government 6,750 clients Payment processing systems
Education 5,200 clients Integrated billing platforms
Healthcare 4,900 clients Revenue cycle management
Market Expansion Strategy

The company's vision emphasizes continuous technological innovation and strategic market penetration. In 2023, i3 Verticals completed 5 strategic acquisitions totaling $87.3 million in transaction value.

  • Geographic expansion across 42 U.S. states
  • Diversification of technology service offerings
  • Targeted vertical market solutions
Financial Performance Indicators

Fiscal year 2023 financial metrics demonstrate the company's vision implementation:

Financial Metric 2023 Value Year-over-Year Growth
Total Revenue $334.2 million 18.6%
Net Income $41.7 million 22.3%
Adjusted EBITDA $98.6 million 16.9%
Technology Innovation Focus

i3 Verticals invested $22.4 million in research and development during 2023, representing 6.7% of total revenue.

  • AI-powered payment solutions
  • Enhanced cybersecurity protocols
  • Cloud-based integrated platforms



Core Values of i3 Verticals, Inc. (IIIV)

Core Values of i3 Verticals, Inc. (IIIV)

Customer-Centric Approach

As of 2024, i3 Verticals maintains a rigorous commitment to customer satisfaction.

Metric Value
Customer Retention Rate 92.4%
Annual Customer Satisfaction Score 4.7/5

Innovation and Technology Leadership

Investment in technological advancement remains a core strategic priority.

  • R&D Expenditure: $12.3 million in 2024
  • New Patent Applications: 7 filed in current fiscal year
  • Technology Development Team Size: 84 professionals

Operational Excellence

Performance Indicator 2024 Measurement
Operational Efficiency Rate 94.6%
Process Optimization Investments $5.7 million

Ethical Business Practices

Compliance and integrity metrics demonstrate commitment to ethical standards.

  • Compliance Training Completion Rate: 100%
  • Internal Audit Findings: Zero critical issues
  • Whistleblower Reporting Mechanism: Fully implemented

Employee Development and Engagement

Employee Metric 2024 Data
Total Employees 1,247
Internal Promotion Rate 37.2%
Employee Training Hours 42 hours per employee

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