NIC Inc. (Nasdaq: EGOV), the leading provider of digital government
services, today announced it has acquired Complia, one of the nation’s
main providers of a technology platform for government regulation of the
cannabis and hemp industries. The acquisition expands NIC’s professional
licensing capabilities, which also include dozens of tailored licensing
services across the United States, a custom cannabis regulatory system
for the state of Oregon, and an enterprise licensing and permitting
platform for the state of Illinois.
“Licensing is a very important function of government,” said Harry
Herington, NIC Chief Executive Officer and Chairman of the Board. “The
Complia technology platform is extremely scalable and NIC will be able
to expand its capabilities to provide licensing for other highly
regulated industries. We have a long history of providing innovative,
convenient licensing solutions for state government and their
constituents. This is just another example of our mission to be a
comprehensive service provider and trusted partner of government.”
Currently, 33 states have legalized medical marijuana, which includes 10
states and Washington, D.C. that have also legalized recreational
marijuana. In addition, the 2018 Farm Bill legalized hemp as an
agriculture commodity and removed it from the list of federal controlled
substances. Complia’s cannabis and hemp licensing technology platform
serves three primary aspects of cannabis regulation: business licensing,
patient and caregiver registration, and employee credentialing. The
cloud-based platform is highly configurable, integrates seamlessly with
NIC’s payment processing system as well as third-party seed-to-sale
systems, and can be deployed rapidly, typically within 30-45 days after
a contract is signed.
“All of us at Complia are very excited to join the NIC family,” said
Alex Valvassori, one of Complia’s three founders. “NIC is known
throughout the country as the leader of the digital government industry.
Combining their citizen-centric, innovative solutions with Complia’s
cannabis regulatory platform will only continue to reinforce that NIC is
the best choice for government to provide industry-leading digital
government solutions.”
Founded in 2015, Complia currently has contracts to provide their
technology platform to four states, with NIC serving as the payment
processor. This acquisition is a purchase of the entire business, and
all employees will become NIC employees, including Complia’s three
founders: Alex Valvassori, who will serve as an NIC General Manager;
Harikrishnan Gopalakrishna, who will serve as a Senior Director of
Technology at NIC; and Ramesh Babu, who will serve as a Director of
Operations at NIC. The Company will further discuss the acquisition
during NIC’s Q1 2019 earnings announcement scheduled for 4:30 p.m. EDT,
today, Mon., May 6. The webcast will be available at http://www.egov.com/investor-relations.
About NIC
NIC Inc. (Nasdaq: EGOV) launched the digital government industry in
1992, and continues to lead it, providing a secure and robust payment
processing platform and thousands of digital government solutions across
a network of more than 6,000 federal, state, and local government
agencies. In addition, NIC is one of the nation’s leading providers of
outdoor recreation solutions, with 1 out of 6 hunting and fishing
licenses in the United States sold using an NIC service. The Company
also launched the nation’s first personal assistant for government and
comprehensive mobile platform, Gov2Go®, and recently launched the
innovative, data-driven prescription drug monitoring platform, RxGov®.
More information is available at www.egov.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190506005100/en/