M&A Deal Summary |
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Date | 2024-07-22 |
Target | OpenCounter |
Sector | Software |
Buyer(s) | Accela |
Sellers(s) | GTY Technology |
Deal Type | Divestiture |
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Category | Company |
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Founded | 1999 |
Sector | Internet Software and Services |
Accela provides a platform of cloud-based productivity and civic engagement software to governments of all sizes worldwide. The Accela Civic Platform includes cost-effective solutions to manage critical enterprise functions and mobile apps to foster greater citizen engagement. From asset, land, and legislative management to licensing, finance, environmental health, and more, its software drives efficiency for more than 2,000 governments worldwide. Accela was formed in 1999 and is based in San Ramon, California.
DEAL STATS | # |
---|---|
Overall | 10 of 10 |
Sector (Software) | 6 of 6 |
Type (Divestiture) | 1 of 1 |
State (California) | 3 of 3 |
Country (United States) | 10 of 10 |
Year (2024) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-01-07 |
Springbrook Software
Portland, Oregon, United States Springbrook Software is a provider of cloud-based finance, utility billing, and payroll software solutions for small and medium size municipalities and utility districts. Springbrook Software was established in 1985 and is based in Portland, Oregon. |
Sell | - |
Category | Company |
---|---|
Founded | 2016 |
Sector | Information Technology |
Employees | 348 |
Revenue | 48M USD (2020) |
GTY Technology is an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting. GTY combines six leading GovTech firms under a single umbrella: CityBase, eCivis, Questica, Sherpa, OpenCounter, and Bonfire. These companies will operate as independent business units under GTY. GTY Technology was founded in 2016 and is based in Boston, Massachusetts.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Software) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (California) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2024) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-02-08 |
EqualLevel
Rockville, Maryland, United States EqualLevel is a provider of cloud-based, procure-to-pay management. The platform helps public sector organizations achieve financial success by optimizing spend and reducing costs, all while ensuring legal and contract compliance. EqualLevel’s platform includes an AI-powered savings and compliance advisor, invoice automation, real-time-search, supplemental funds management and a cooperative supplier network. EqualLevel was founded in 2010 and is based in Rockville, Maryland. |
Buy | - |