Add-on Acquisition • Software

Euna Solutions Acquires Questica

On September 14, 2018, Euna Solutions acquired software company Questica

Acquisition Context
  • This is Euna Solutions’ 3rd transaction in the Software sector.
  • This is Euna Solutions’ 1st transaction in Canada.
  • This is Euna Solutions’ 1st transaction in Ontario.

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M&A Deal Summary

Date September 14, 2018
Target Questica
Sector Software
Buyer(s) Euna Solutions
Deal Type Add-on Acquisition

Target Company

Questica

Burlington, Ontario, Canada
Questica, Inc. is a provider of budgeting software, performance management and transparency and data visualization solutions.
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Buyer Overview 1

Buyer

Euna Solutions

Chicago, Illinois, United States

Category Company
Founded 2016
Sector Information Technology
Employees348
Revenue 48M USD (2020)
DESCRIPTION

Euna Solutions 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. Euna Solutions was founded in 2016 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 5 of 10
Sector: Software 3 of 5
Type: Add-on Acquisition 5 of 10
State: Ontario 1 of 2
Country: Canada 1 of 2
Year: 2018 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-14 CityBase

Chicago, Illinois, United States

CityBase, Inc. is a developer of the cloud-based platform which connect back-office systems to give government agencies and utilities a better way to accept payments and deliver services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Bonfire Interactive

Kitchener, Ontario, Canada

Bonfire Interactive Ltd. is a developer of strategic sourcing and procurement software to support the entire vendor lifecycle (sourcing, contract management, and vendor performance). Bonfire Interactive is based in Kitchener, Ontario.

Buy -