M&A Deal Summary

Cox Enterprises Acquires OpenGov

On February 27, 2024, Cox Enterprises acquired internet software and services company OpenGov for 1.8B USD

Acquisition Highlights
  • This is Cox Enterprises’ 4th transaction in the Internet Software and Services sector.
  • This is Cox Enterprises’ largest (disclosed) transaction.
  • This is Cox Enterprises’ 9th transaction in the United States.
  • This is Cox Enterprises’ 1st transaction in California.

M&A Deal Summary
Date 2024-02-27
Target OpenGov
Sector Internet Software and Services
Buyer(s) Cox Enterprises
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

OpenGov

San Francisco, California, United States
OpenGov is a provider of cloud-based performance intelligence and financial reporting solutions for government institutions. OpenGov helps governments analyze, share, compare, and allocate public money. OpenGov was founded in 2012 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Cox Enterprises

Atlanta, Georgia, United States
Category Company
Founded 1898
Sector Diversified
Employees50,000
DESCRIPTION

Cox Enterprises is a global conglomerate with interests in communications, media, and automotive services. The company operates through its major subsidiaries, including Cox Communications, which is one of the largest broadband and entertainment companies in the United States, providing high-speed internet, digital television, and telephony services. Cox Automotive is another significant division, offering a wide array of automotive services and solutions, including vehicle remarketing, digital marketing, software solutions for automotive dealers, and financial services. Cox Media Group, although its portfolio has evolved over the years, has been involved in broadcasting, publishing, and digital media. Cox Enterprises was founded in 1898 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 10 of 10
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 7 of 7
State (California) 1 of 1
Country (United States) 9 of 9
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Axios Media

Arlington, Virginia, United States

Axios Media is a digital media company delivering trustworthy breaking news and invaluable insights to help readers and viewers get smarter, faster across the topics reshaping our lives in politics, tech, business, media, science and the world. Axios Media is based in Arlington Virginia.

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