WASHINGTON & BATON ROUGE, La.--(BUSINESS WIRE)--FiscalNote, the Washington, D.C.-based company that dramatically improves the way organizations engage with government, today announced its acquisition of grassroots-advocacy and community-engagement company VoterVoice. The move extends FiscalNote’s lead in the government relationship management (GRM) sector in an era of increasing political uncertainty and activism worldwide. The combined organization will be one of the largest and most comprehensive companies to service legislative and regulatory data and workflows globally.
The deal is accretive to FiscalNote’s cash flow and was financed by a combination of balance sheet capital and long-term debt.
With a strong brand presence, VoterVoice currently powers more than 1,100 clients, including associations, non-profit organizations, and corporations, helping over 21.9 million citizens across the U.S. engage with public officials and government agencies. Its comprehensive grassroots advocacy tool suite helps organizations drive an active, efficiently approach to government and public affairs. Clients build and launch campaigns efficiently, track progress in real-time, and mobilize supporters with targeted messaging and value-added content.
“With the growing relevance of municipal and local governments, along with the changes in the global political landscape that are giving rise to new and evolving needs in political advocacy, adding the VoterVoice best-in-class advocacy suite to our FiscalNote GRM platform benefits our clients immediately,” said Tim Hwang, cofounder and CEO of FiscalNote. “VoterVoice shares our sense of urgency to empower organizations worldwide to be more effective in their engagements with government. And given our shared SaaS models and data expertise, we expect this integration to go quickly and smoothly.”
FiscalNote created the GRM category 15 months ago with the first comprehensive engagement platform, services, and mobile application. The platform now includes data from a dozen countries, with more than 40 planned by the end of 2017 and every country in the world in 2018.
“Joining forces with FiscalNote is a great opportunity for us to leverage the power of their industry leading GRM platform with our advocacy tools and best practices,” said Neal Fuller, founder and CEO of VoterVoice. “The productivity and efficiency potential of this combination is enormous. Together, FiscalNote and VoterVoice will deliver the most effective grassroots solution in the marketplace.”
Headquartered in Baton Rouge, LA, VoterVoice also has offices in Tysons Corner, Virginia.
About FiscalNote GRM
The FiscalNote GRM platform is the most effective solution for managing government impact and public issues and is quickly becoming the cloud platform of choice for global brands as they analyze and manage their government risk, opportunity, and influence at the local, state, federal, and international levels. More than 200 companies rely on FiscalNote GRM and its services.
The platform creates an enterprise-based approach to modern government affairs – and the entire system learns over time. It aggregates global public and internal organization data to deliver contextual insights via elegant workflow and collaboration tools. The platform marries deep data mining and breakthrough machine-learning techniques, and automatically tracks and analyzes data on more than 1.5 million active pieces of legislation, 800,000 federal and state regulations, more than 19,000 legislators and their staffers, more than 10 million regulatory comments, more than 6,000 watch lists, and more than 125,000 individual entities. Data is automatically collected from more than 150 sources at least four times every day.
FiscalNote has reinvented influence – dramatically improving the way organizations build and manage their relationships with all levels of government, and empowering them to have maximum impact on legislation and regulation. The company has raised more than $30 million from prominent early-stage investors including Renren, First Round Capital, Green Visor Capital, MediaToday, NEA, Visionnaire Ventures, Perle Ventures, 645 Ventures, Steve Case, Mark Cuban and Jerry Yang/AME Cloud Ventures. More than 200 organizations use the company’s proprietary tools and services. The growing number of enterprise companies depending on FiscalNote – from startups through global multinationals – include Akin Gump, Amazon, AstraZeneca, Blue Cross Blue Shield, Bristol-Myers Squibb, Dish Network, Expedia, Fidelity, Freddie Mac, HealthSouth, Illinois Tool Works, Intel, Johnson & Johnson, The Kraft Heinz Co, Microsoft, Sallie Mae, Salesforce, Schlumberger, Southwest Airlines, Staples, Tenet, Thomson Reuters, Walgreens and Whataburger. Non-profits and advocacy groups relying on FiscalNote include the American Society for the Prevention of Cruelty to Animals, Boys & Girls Clubs of America, Code.org, Consumer Technology Association, the Information Technology Industry Council, Natural Resources Defense Council, National Education Association, and the University of Virginia’s Law School.
FiscalNote is a World Economic Forum Technology Pioneer and CEO Tim Hwang is a WEF New Champion.