M&A Deal Summary

Granicus Acquires GovQA

On August 26, 2021, Granicus acquired software company GovQA from Frontier Growth

Acquisition Highlights
  • This is Granicus’ 5th transaction in the Software sector.
  • This is Granicus’ 8th transaction in the United States.
  • This is Granicus’ 2nd transaction in Illinois.

M&A Deal Summary
Date 2021-08-26
Target GovQA
Sector Software
Buyer(s) Granicus
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition
Advisor(s) Shea & Company (Financial)

Target

GovQA

Woodridge, Illinois, United States
GovQA is a provider of public records and enterprise workflow solutions for the government. GovQA's Exchange Platform enables agencies to action all information in response to any urgent request. Ultimately, it helps them move away from slow, error-prone manual processes reducing paperwork, improving collaboration, and increasing the quality of services they provide. GovQA was founded in 2000 and is based in Woodridge, Illinois.

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Buyer(S) 1

Buyer

Granicus

Denver, Colorado, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Granicus is a provider of cloud-based government transparency, legislative management and digital marketing solutions for government agencies across North America and the United Kingdom. The Company’s software solutions empower government organizations to create better lives for their constituents by enabling better decision making, communications and engagement while driving significant organizational efficiency via the automation of daily legislative workflows. Granicus was founded in 1999 and is based in Denver, Colorado.

DEAL STATS #
Overall 11 of 14
Sector (Software) 5 of 6
Type (Add-on Acquisition) 10 of 12
State (Illinois) 2 of 2
Country (United States) 8 of 10
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 OpenCities

Melbourne, Australia

OpenCities is an operator of the public sector’s digital customer journey platform that helps local governments transform their websites, digital forms, and service delivery experiences. OpenCities is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 Rock Solid

San Juan, Puerto Rico

Rock Solid is a software and IT services company recognized as one of the top software engineering companies in Puerto Rico, the United States, and Latin America. Rock Solid was recently selected to provide Respond, a citizen services software (311), for the cities of New Orleans, LA, and Winston-Salem, NC. New Orleans joins the list of cities where Rock Solid Technologies has a presence. In addition, the city of Burlington in Ontario, Canada, and more than thirty-five municipalities in Puerto Rico use the RESPOND tool as their platform to offer residents the ability to report issues and open requests for citizen services. Rock Solid was founded in 1994 and is based in San Juan, Puerto Rico.

Buy -

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 34 of 38
Sector (Software) 4 of 6
Type (Add-on Acquisition) 20 of 23
State (Illinois) 2 of 2
Country (United States) 34 of 36
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Petvisor

Orlando, Florida, United States

Petvisor delivers a suite of mobile-enabled technologies into the hands of pet care professionals - helping them give their pet families the service they deserve. Petvisor is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 ServiceTrade

Durham, North Carolina, United States

ServiceTrade makes software as a service application for commercial service contractors. Contractors use ServiceTrade’s mobile and web applications to streamline service operations, sell more services, and engage customers online to earn revenue growth averaging over 23% year-over-year. ServiceTrade was founded in 2012 and is based in Durham, North Carolina.

Buy -
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