- Information Services (TSX:ISC) signed a contract with Ontario’s Ministry of Environment, Conservation and Parks to digitize and redact millions of legacy property records under an initial nine-year term
- ISC is a top provider of registry and information management services for public records and data
- ISC stock has added 21.32 per cent year-over-year and 88.72 per cent since 2020
Information Services (TSX:ISC) signed a contract with Ontario’s Ministry of Environment, Conservation and Parks to digitize and redact millions of legacy property records under an initial nine-year term.
This content has been prepared as part of a partnership with Information Services Corp., and is intended for informational purposes only.
The project, part of the ministry’s Modernization of Property Information Program, which is focused on improving access to environmental property information across the province, will require ISC to oversee the design, security, quality assurance and ongoing support for a new 24/7 self-service records system.
The intended outcome, according to Monday’s news release, is to improve response times for environmental property information requests, specifically pertaining to soil, water and contamination, as well as expedite land transactions and decision-making regarding land development in Ontario.
ISC will kick off initial work in August with an anticipated system launch in 2027, complementing its profitable track record with a stable, long-term revenue stream. The company grew revenue by more than 80 per cent from C$136.72 million in 2020 to C$247.37 million in 2024, while delivering average annual net income of C$25.79 million over the period. Operations are on track for higher year-over-year results under both metrics in 2025.
Leadership insights
“This project exemplifies how ISC drives digital transformation through scalable and secure solutions that enhance access to essential records and clearly aligns with our expertise in land and property-related registries and solutions,” Shawn Peters, president and chief executive officer of ISC, said in a statement. “We look forward to working with the Government of Ontario to implement a system that improves access to environmental property records, supports faster response times and helps enable land development across the province.”
“The Ontario government receives over 9,000 property-related information requests each year to support land transactions worth more than C$40 billion,” added Todd McCarthy, Minister of the Environment, Conservation and Parks. “With ISC’s support, the move to a secure, self-service portal will be a game-changer for builders — reducing wait times from around 30 days to as little as 3 — and giving the industry the tools it needs to deliver housing faster and keep our economy strong.”
About Information Services Corporation
ISC is a top provider of registry and information management services for public records and data.
ISC stock (TSX:ISC) last traded at C$33.12 and has added 21.32 per cent year-over-year and 88.72 per cent since 2020.
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