ISC Renews Agreement With the Ontario Ministry of Finance to Operate the Province’s Online Property Tax System Until 2028



REGINA, Saskatchewan, May 13, 2024 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) is pleased to announce that through its wholly owned subsidiary, Reamined Systems Inc. (“Reamined”), the Company and His Majesty the King in right of Ontario as represented by the Minister of Finance (the “Ministry”) have entered into an amended and restated License and Information Technology Services Agreement (the “A&R OPTA Agreement” or the “Agreement”) to continue the management and operation of the Online Property Tax Analysis (“OPTA”) system for the province of Ontario, until March 31, 2028 — with two additional options for one-year renewals.

Acquired by ISC in 2022, Reamined is a recognized leader in property tax mitigation support for municipal property tax administrators and has been providing these services to the Ministry since the creation of the OPTA system.

The OPTA System was built by Reamined on behalf of the Government of Ontario in 1998 as a comprehensive, centralized budgetary planning tool and property tax accounting system for Ontario municipalities, the unincorporated territories and government ministries.

“The professionals at Reamined are property tax experts that contribute a wealth of knowledge and have a highly regarded track-record …

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