LAS VEGAS--(BUSINESS WIRE)--GTY Technology Holdings Inc. (Nasdaq:GTYH) (together with its operating subsidiaries, “GTY”), a leading SaaS/Cloud solution for the public sector and its affiliated segments, is pleased to announce recent key wins from Questica, its subsidiary which provides budget preparation and management software solutions.
“The velocity of Questica’s wins is a reference point that highlights that we are at a watershed moment in the life-cycle of the state & local government market,” said Stephen Rohleder, Chairman and CEO of GTY. “As leaders in SaaS solutions for this end-market, our budgeting solutions offer the security, workflow, analytics and reporting capabilities that the end-user needs to make strategic, data-driven decisions.”
“We have seen tremendous momentum since our announced transaction with GTY, as new government, education and healthcare organizations have chosen Questica Budget Suite to be their single source of budget truth,” said TJ Parass, founder and CEO of Questica. “Our expansion extends beyond new clients, as many of our existing budget customers are adding our OpenBook transparency and budget book tools to create an integrated end-to-end budget management platform.”
Some of Questica’s new customers include:
- The City of Seattle, Washington (pop. 747,000+; annual budget: $5.6 billion)
- Clark County, WA (pop. 480,000; annual budget $1+ billion)
- Washington Suburban Sanitary Commission, MD (one of the largest water and wastewater utilities in the U.S., serving 1.8 million residents)
- North Texas Transit Authority (annual budget: $663 million)
- The City of Knoxville, Tennessee (pop. 187,000; annual budget: $376 million)
- Aurora Public Schools, Denver, CO (the fifth largest school district in the state comprised of 55 schools with 40,000 students)
- Joseph Brant Hospital, Burlington, Ontario (1,700 employees; over 200 beds)
- The Idaho Supreme Court (350 employees; annual budget: $75 million)
- The State University of New York Plattsburg (6,000 students; annual budget: $70 million)
“By joining together with Dave Farrell and his team at Sherpa Government Solutions through the GTY transaction, we look forward to bringing the best of our organizations together so we can support even more public sector customers looking to modernize their budgeting process,” said Parass.
About GTY Technology Holdings Inc.
GTY
Technology Holdings Inc. (NASDAQ:GTYH) (“GTY”) brings leading
government technology companies together to achieve a new standards in
citizen engagement and resource management. Through its six
subsidiaries, 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; Open
Counter provides government payment 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; and Sherpa
provides public sector budgeting software and consulting services.
About Questica
Questica
partners with public sector organizations to better enable data-driven
budgeting and decision-making, while increasing data accuracy,
productivity and improving stakeholder trust. Almost 700 organizations
across North America have eliminated spreadsheets using our budgeting,
performance, transparency and engagement solutions.
Forward-Looking Statements
This press release includes
“forward-looking statements” within the meaning of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
GTY’s actual results may differ from GTY’s 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, GTY’s
expectations with respect to future performance and anticipated impacts
of the business combination. 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 GTY’s control and are difficult to predict. Factors that
may cause such differences include, but are not limited to: the risk
that GTY’s recent business combination disrupts current plans and
operations; the ability to recognize the anticipated benefits of the
business combination, which may be affected by, among other things,
competition, the ability of GTY and its subsidiaries to grow and manage
growth profitably and retain their key employees; costs related to the
business combination; the outcome of the New York and California
lawsuits among the Company, OpenGov, Inc. and the other parties thereto;
changes in applicable laws or regulations; the possibility that GTY may
be adversely affected by other economic, business, and/or competitive
factors; any government shutdown which impacted the ability of customers
to purchase GTY’s products and services; and other risks and
uncertainties included in the final proxy statement/prospectus filed by
GTY with the Securities and Exchange Commission (the “SEC”) on January
31, 2019, including those under “Risk Factors” therein, and in GTY’s
other filings with the SEC. 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.
