GTY Technology Holdings Inc. (Nasdaq: GTYH) (“GTY”), a leading
provider of cloud solutions for the public sector, announced today
that its business units have continued to add customers at a strong
pace, bringing in more than 100 new customers in the first five
months of 2021.
“We have seen a huge shift in the public sector as businesses
and governments begin to recover from the significant effects of
the COVID-19 pandemic,” said TJ Parass, CEO of GTY Technology.
“While the focus in 2020 was on rapidly making services and support
accessible during the worst of the health crisis, we are now seeing
a renewed focus on planned strategic digital transformation that
will enable a more efficient and streamlined constituent
experience. The cloud-based technology provided by GTY Technology’s
business units is helping our customers quickly meet their
immediate needs, while empowering them to be more agile and
effective in the future.”
Each of GTY’s business units has reported strong interest from
government and public sector organizations in the first five months
of 2021. This considerable demand is indicative of the impact the
COVID-19 pandemic has had on public sector operations and the need
for effective solutions that empower governments organizations to
achieve better results for the communities they serve.
Bonfire, a leading provider of public procurement and
sourcing software, has won 42 new clients in 2021 including 14
school districts and higher education institutions; 10
municipalities; 9 federal, state and provincial agencies; 3
utilities and transit authorities; 2 healthcare agencies; and 4
commercial. Bonfire now serves just under 500 public sector clients
across North America, including the recent addition of Virginia
Polytechnic Institute and State University (Virginia Tech).
Bonfire’s cloud-based eSourcing solution will replace patchwork
systems and processes the university put in place early in the
COVID-19 pandemic. The advanced offering will better support
Virginia Tech’s procurement team with the collection of electronic
bid submissions and allow them to operate more securely and
efficiently in the future.
CityBase, a leading provider of government and utility
payment technology, has brought on new major client engagements and
expanded existing ones. New York City is working with CityBase to
expand in-person payments citywide. The City of Lynchburg, VA,
selected CityBase to provide new 24/7-accessible, self-service
payment kiosks. The City of Lawrence, IN, is now working with
CityBase for online one-time and recurring utility payments and
in-person kiosk payments. CityBase is also working with utility
companies to continue improving payment processes, including a
prominent energy provider in Michigan who has signed on for 43 new
payment kiosks, and KC Water in Kansas City, MO, who is working
with CityBase to launch self-service payment kiosks for utility
payment processing.
eCivis, a leading cloud-based grant management
system for state, local, and tribal governments has added 13 new
customers and signed four service upgrades, and announced 12
customer launches in the first five months of 2021. The grants
management solution provider has announced significant traction in
the state of Texas as well as within several tribal organizations
including the Prairie Island Indian Community, MN, Native American
Youth and Family Center, and the Iowa Tribe of Oklahoma.
Cloud-based grants management solutions from eCivis have been
implemented by state and local governments, as well as non-profit
organizations such as the Catholic Charities of the Diocese of
Santa Rosa to maximize the identification, application, and
allocation processes in the wake of the COVID-19 pandemic.
OpenCounter, a leading provider of public sector
permitting technology, has signed two new customers and announced
eight customer launches in the first five months of 2021. Growing
cities like Toledo, OH, Miami, FL, and Fort Worth, TX, are
leveraging OpenCounter’s permitting portals to improve the overall
experience for constituents and businesses, increase accessibility
of services, and support economic development and recovery.
OpenCounter has also seen a surge in sales interest for its Special
Events Portal, which was launched in 2020 to digitize and
streamline special events permitting, modernizing processes and
schedules for planned events following the COVID-19 Pandemic.
GTY Technology’s budgeting units, Questica and
Sherpa are industry-leading providers of cloud-based budget,
performance, and transparency solutions for the public sector. In
the first five months of 2021 Sherpa has expanded agreements with
several existing customers, and Questica has signed 50 new
customers. The cloud-based budgeting tools have been selected by a
wide range of government, education, and non-profit sector
organizations, such as the City of Spokane, WA, the City of Peoria,
AZ, the City of Gastonia, NC, the City of Bellevue, WA, the State
of North Dakota, the Waterloo Catholic District School Board, the
Central Ohio Transit Authority, the City of Coral Gables, FL,
McHenry County, IL, and the Town of Gilbert, AZ.
For more information about GTY Technology, the GTY family of
companies, or investment opportunities, visit
www.gtytechnology.com.
About GTY Technology Holdings Inc.
GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”)) brings
leading government technology companies together to achieve a new
standard in citizen engagement and resource management. Through its
six business units, GTY offers an intuitive cloud-based suite of
solutions for state and local governments spanning functions in
procurement, payments, grant management, budgeting, and permitting:
Bonfire provides strategic sourcing and procurement software to
enable confident and compliant spend; CityBase provides government
payment solutions to connect constituents with utilities and
government agencies; eCivis offers a grant management system to
maximize grant revenues and track performance; OpenCounter provides
government permitting software to guide applicants through complex
permitting and licensing procedures; Questica offers budget
preparation and management software to deliver on financial and
non-financial strategic objectives; Sherpa provides public sector
budgeting software and consulting services.
Forward-Looking Statements
This release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The company’s actual results may
differ from its expectations, estimates and projections and,
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
company’s expectations with respect to future performance. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside of the company’s control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (1) the impact of the COVID-19 pandemic, or other
public health crises, on our operations, our customers and the
economy; (2) the risk that the ongoing integration of the
businesses acquired in our business combination disrupts current
plans and operations; (3) the ability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably and retain its key
employees; (4) our failure to generate sufficient cash flow from
our business to make payments on our debt; (5) changes in
applicable laws or regulations; (6) the possibility that the
company may be adversely affected by other economic, business or
competitive factors; and (7) other risks and uncertainties included
in our Annual Report on Form 10-K for the year ended December 31,
2020 and our subsequent filings with the Securities and Exchange
Commission. We caution you that the foregoing list of factors is
not exclusive, and readers should not place undue reliance upon any
forward-looking statements, which speak only as of the date made.
We do not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in our expectations or any change
in events, conditions or circumstances on which any such statement
is based.
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