About Information Services

Information Services Corporation provides registry and information management services for public data and records. Segments The company operates through three segments, including Registry Operations, Services and Technology Solutions. Registry Operations The Registry Operations segment delivers registry services on behalf of governments and private sector organizations. Through this segment, the company provides registry and information services on behalf of the Province of Saskatchewan. Seasonality The company’s Registry Operations segment experiences moderate seasonality, primarily because land titles revenue fluctuates in line with real estate transaction activity in Saskatchewan. Typically, its second and third quarters generate higher revenue during the fiscal year when real estate activity is traditionally highest. Saskatchewan Land Registry The Saskatchewan Land Registry includes the Saskatchewan Land Titles Registry (Land Titles Registry), Saskatchewan Land Surveys Directory (Land Surveys) and Saskatchewan Geomatics services (Geomatics). Saskatchewan Personal Property Registry The Saskatchewan Personal Property Registry is a notice-based public registry in which security interests and certain other interests in personal property (property other than land, buildings and other property affixed to land) may be registered. The Personal Property Registry enables lenders, as well as buyers of personal property, such as motor vehicles, to search for information such as security interests registered against an individual, business or personal property used as collateral. The company’s customers include third-party providers to the financial industry, financial institutions, insurance companies, law firms, equipment and auto dealers, and auctioneers. Saskatchewan Corporate Registry The Saskatchewan Corporate Registry is a province-wide system for registering business corporations, non-profit corporations, co-operatives, sole proprietorships, partnerships and business names. The company’s customers include law firms, financial institutions, accountants, non-profit and co-operative associations, and entrepreneurs. In addition, RegSys offers customers access to digitally verified registry documents and options to self-manage staff access. Services The company’s Services segment delivers solutions uniting public record data, customer authentication, corporate legal services and collateral management services to support lending practices of clients with business across Canada. The Services segment delivers products and services that utilize public records and data to provide value to customers in the financial and legal sectors through ESC. The company reports revenue for its Services segment in two categories, namely Legal Support Services and Financial Support Services. Legal Support Services revenue consists of revenue from the corporate supplies business, as well as search and registration services provided to the company’s legal customers. Financial Support Services consists of search and registration, KYC and other services ESC provides to non-legal customers, such as financial institutions, and auto and equipment finance companies. In its Services segment, the company’s core legal and financial services revenue has little seasonality; rather, it fluctuates in line with the general economic drivers. Its collateral management services revenue experiences seasonality aligned to vehicle and equipment financing cycles, which are generally stronger in the second and fourth quarters. Legal Support Services This category captures revenue from nationwide search and registration services to legal professionals directly or indirectly. The company provides search services, including corporate, business name, personal property, real property, corporate name search reports (also known as NUANS reports), trademark and the Bank Act (Canada) searches. It also provides registration and filing services, such as personal property, trademark, business incorporations, amendments and amalgamations, to legal professionals. The company holds an official service licence under the Ontario Business Information System from the Government of Ontario’s Ministry of Government and Consumer Services, which is renewed until January 2021. ESC also holds licences from the Government of Ontario to distribute and register Personal Property Security Act searches and registrations, as well as the Government of Quebec’s Corporate Registry and Corporations Canada for registering corporations from directly within each of these two registry systems. The company’s corporate supplies business helps companies to organize and maintain their corporate legal documents and provides customized corporate minute books, corporate seals, share certificates, legal supplies and related ancillary accessories for businesses and corporations. The company also services the consumer market through direct supply relationships with office products providers. Financial Support Services The company support financial and credit institutions’ due diligence activities for compliance purposes and credit service solutions through the verification, storage and retrieval of corporate and business information compiled and obtained from public registry sources such as corporate registry, personal property registry, land registry, litigation, bankruptcy and Bank Act (Canada) searches. The company uses its proprietary platform for financial institutions and companies in the financial services sector to onboard new commercial accounts while remaining compliant with Canadian KYC and Anti-Money Laundering regulations captured under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada). In addition, through its collateral management services, the company provides automation software technology services to serve lending, leasing, and credit issuing businesses and institutions in Canada. It serves the full credit lending cycle and deliver proven credit due diligence, protection and default solutions to the Canadian financing industry. Technology Solutions The Technology Solutions segment provides the development, delivery and support of registry (and related) technology solutions. Technology Solutions segment provides the development, delivery and support of registry (and related) technology solutions. The company generates revenue through the following: sale of software licences related to the technology platform; provision of technology solution definition and implementation services; and provision of monthly hosting, support and maintenance services. The company, through its wholly owned subsidiary ERS, offers RegSys — a complete registry solution that provides a readily transferable technology platform capable of serving a wide range of registry needs. RegSys is a multi-register platform that delivers the features that enable public sector organizations to deliver enhanced services to businesses and citizens. With a full suite of integrated modules which provide core functionality for submission, enforcement and enquiry processing, RegSys delivers solutions enabling the provision of core services to citizens in a user-friendly, across multiple access points. The RegSys solution has also been used to manage other legal registers, such as intellectual property, securities, licences, charities, Uniform Commercial Code and pension schemes. The company’s customers include governments and regulatory organizations, such as chambers of commerce that have responsibility to authorize, license, maintain and revoke the function of a registry. History The company was founded in 2000. The company was formerly known as Saskatchewan Land Information Services Corporation and changed its name to Information Services Corporation in 2000.