Information Services Corp. to be sold, netting Sask. government $277M
https://www.cbc.ca/news/canada/saskatchewan/sask-isc-sale-plenary-americas-9.7205149
Information Services Corporation (ISC), commonly known as "Sask Land Titles," is being sold off to an American private corporation for $1.2 billion by the Scott Moe government.
ISC is the government land titles, corporate registry, debt, and Court Judgment Registry for all people, businesses, and farms in Saskatchewan. It holds information like business names & numbers, addresses and phone numbers, legal land descriptions of all houses, apartments, and farmland, and records of debts on major pieces of farm and construction equipment.
ISC / Land Titles was first partially privatized (sold off) under Brad Wall in 2013 with the Sask government keeping 30% of the shares. Now it is receiving $277 million, while the other 70% of the $1.2 billion sale price will go to other Canadian and foreign shareholders. Another brilliant business deal from your Sask Party government.
Plenary Americas LP, a US investment firm will acquire ISC for the $1.2 billion purchase price. That means Plenary Americas LP will own Saskatchewan information regarding land titles, debts, and court judgments.
Fees are charged on every transaction that ISC performs, such as opening a numbered business corporation, changing the name of a land title on the sale of a piece of property, and registering a court judgment.
Now those fees might go up -- way up.
More importantly, how will the private information of Saskatchewan's families and other digital information be used by Plenary Americas LP? The Sask Party sold off control, so our government essentially sold off its power to protect the private and personal information of Saskatchewan people.
Do you think it was a good idea for the Sask Party to privatize and sell off ISC?
Do you support the Sask Party government in selling off your private data to Plenary Americas LP?