GTY Technology - M&A Summary, Ownership, and Business Overview

Information TechnologyCompany

GTY Technology M&A Summary

GTY Technology has acquired 9 companies of its own, including 4 in the last 5 years.

GTY Technology has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (56%) and software (45%).

GTY Technology Ownership

Who owns GTY Technology?

GTY Technology is owned by GI Partners. It was acquired on April 29, 2022.

Is GTY Technology PE-backed?

Yes. GTY Technology is owned by private equity investor GI Partners.

GTY Technology Business Overview

Where is GTY Technology headquartered?

GTY Technology is headquartered in Boston, Massachusetts.

How many employees does GTY Technology have?

GTY Technology has 348 employees.

What sector is GTY Technology in?

GTY Technology is an information technology company.

When was GTY Technology founded?

GTY Technology was founded in 2016.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 2
  • Total Countries Invested 2

GTY Technology

GTY Technology Holdings, Inc.

800 Boylston Street, 16th Floor,
Boston, Massachusetts 02199
United States,
(877) 465-3200
www.gtytechnology.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 6 - - 1 1 1 9
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
EqualLevel, Inc. 2024-02-08 - Add-on Acquisition
Rockville, Maryland · www.equalLevel.com
Ion Wave Technologies, Inc. 2023-01-19 - Add-on Acquisition
Springfield, Missouri · www.ionwave.net
DemandStar Corp. 2022-12-06 - Add-on Acquisition
Seattle, Washington · www.demandstar.com
Bonfire Interactive Ltd. 2019-02-19 - Add-on Acquisition
Kitchener, Ontario · www.gobonfire.com
CityBase, Inc. 2018-09-14 - Add-on Acquisition
Chicago, Illinois · www.thecitybase.com
Sherpa Government Solutions 2018-09-14 - Add-on Acquisition
Denver, Colorado
Questica, Inc. 2018-09-14 - Add-on Acquisition
Burlington, Ontario · www.questica.com
Open Counter Enterprises, Inc. 2018-09-14 - Add-on Acquisition
San Francisco, California · www.opencounter.com
eCivis, Inc. 2018-09-14 - Add-on Acquisition
Pasadena, California · www.ecivis.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 5 (56%) - - -
Software 4 (44%) - - -
Total 9 - - -

By Geo

State/Country Buy Value Sell Value
United States 7 - - -
  California 2 - - -
  Washington 1 - - -
  Missouri 1 - - -
  Maryland 1 - - -
  Illinois 1 - - -
  Colorado 1 - - -
Canada 2 - - -
  Ontario 2 - - -
Domestic 7 (78%) - - -
Cross-border 2 (22%) - - -
Total 9 - - -

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