i3 Verticals, Inc.

the organization to maintain market sensitivity and domain expertise. The next generation of UPO discipline is being deployed in public, education, and healthcare sectors with enhanced infrastructure and development resources being pulled from within the vertical sub-companies to strengthen sales, product development, operations, implementations, and deployment. These internal customer-facing market services are being bolstered by I3 teams focused on enterprise-level infrastructure, security, cloud services, development, and project management. The next evolution of public sector focuses on four primary sub-verticals, including justice technology, or Justice Tech, utilities, ERP, and transportation. Justice Tech is modernizing online court systems with fully integrated digital solutions, including e-filing, CMS, digital evidence management, and attendant reporting for full-scope state court systems. The Utility Subvertical serves large utility clients and local utilities with unmatched data delivery, IVR, digital customer engagement, and CIS solutions. The Transportation Subvertical boasts motor vehicle, motor carrier, and driver service solutions. And the ERP Subvertical includes GFA, land records, permits, licensing, and business tax solutions. As the education sector continues to expand, we deliver a fully integrated, seamless user experience to our clients. With school activities reaching a post-pandemic high, our focus is on three primary sub-verticals, nutrition services, ticketing and events, and payments. The combination of BIS and Celtic into I3 transportation delivers a needed solution to meet the demands of the transportation market. Two new state contracts and transportation sub-vertical proved the market recognizes the depth and breadth of our solution suite. In addition, the application of AccuFund across the public sector and the I3 Verticals family has proved to be a very well-received addition. As I3 Healthcare Solutions executes its UPO strategy with unified sales, marketing, product, and software engineering teams, the sector is accelerating the strategy to monetize payments across the revenue spectrum. Throughout the portfolio, subsidiaries are advancing their technology platforms to connect with patients through in-app payment, text-to-pay, e-statements, and payment portals. Additionally, i3 Healthcare Solutions continues to see the results of the UPO disciplines through the synergies of our practice management and EHR platforms targeted at geographic expansion. i3 Healthcare Solutions continues to be recognized as a market leader for delivering revenue cycle management services, evidenced by a recent award of a state-level contract to provide RCM technology and services at the agency, clinic, and laboratory levels. Demonstrating the sector's breadth across the healthcare ecosystem, i3 Healthcare Solutions also secured a contract to deliver software and consulting services to one of the top five U.S. healthcare payers. It goes without saying, but an additional result of many of these structural changes that I just mentioned will also allow us to prioritize our product investment opportunities. I'll now speak to M&A. While we didn't have a closing this past quarter, we continue to have discussions with multiple targets. The number of opportunities we look at each quarter has not changed. As you all know, acquisition timing can tend to be lumpy. This is driven by three dynamics. We're reorienting our pipeline and are looking for larger deals than we have historically. Two, we are searching for targets in new states and looking to take out potential competition in those new geographies and are dealing with a very fragmented market. And three, the trickle-down of lower valuations in the current environment has not been realized by many prospects. We remain disciplined when it comes to multiples, and as usual, we continue to self-source our acquisition targets. We still believe we will be able to continue to complete four to five deals per year, and our pipeline remains healthy with opportunities for acquisitions in public sector and healthcare. This concludes my comments, operator. At this time, we'll open the call for Q&A, please.

Thank you. We will now begin the question and answer session. To ask a question, you may press star, then one on your touchtone phone. If you're using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then two. At this time, we will pause momentarily to assemble our roster. Our first question comes from John Davis with Raymond James. Please go ahead.

Hey, good morning, guys. Clay, I just wanted to start off. Apologies if I missed it, but did you disclose organic growth in the second quarter?