M&A Deal Summary

Accela Acquires OpenCounter

On July 22, 2024, Accela acquired software company OpenCounter from GTY Technology

Acquisition Highlights
  • This is Accela’s 6th transaction in the Software sector.
  • This is Accela’s 10th transaction in the United States.
  • This is Accela’s 3rd transaction in California.

M&A Deal Summary
Date 2024-07-22
Target OpenCounter
Sector Software
Buyer(s) Accela
Sellers(s) GTY Technology
Deal Type Divestiture

Target

OpenCounter

San Francisco, California, United States
OpenCounter whose software guides applicants through complex permitting and licensing procedures. OpenCounter is based in San Francisco, California.

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Buyer(S) 1

Buyer

Accela

San Ramon, California, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

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
PREVIOUS DEAL
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 -

Seller(S) 1

SELLER

GTY Technology

Boston, Massachusetts, United States
Category Company
Founded 2016
Sector Information Technology
Employees348
Revenue 48M USD (2020)
DESCRIPTION

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
PREVIOUS DEAL
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 -
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Company

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