BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc. (Nasdaq: GTYH) (“GTY”), a leading provider of cloud solutions for the public sector, announced today that its budgeting unit, Questica Inc. (“Questica”), will exclusively provide cloud budgeting software to the Metropolitan Water District of Southern California (“Metropolitan”).
Metropolitan is the largest distributor of treated drinking water in the United States. As a regional wholesaler, Metropolitan provides water to 26 member public agencies for distribution to 19 million residents in the counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura. Importing water from the Colorado River and Northern California, Metropolitan owns and operates an extensive water system, with four of their treatment plants among the 10 largest water plants in the world.
Metropolitan will use Questica Budget software for financial planning and budgeting, as well as financial modeling and performance reporting. With Questica, change requests can be automated through a defined workflow/approval process in the system. In addition, Questica Performance will enable the District to track and monitor KPIs and explore ways to improve their business processes. Implementing Questica Budget will help Metropolitan meet its mission to provide high-quality water to its member agencies serving nearly 19 million California residents.
“We are excited that Questica’s powerful budgeting and performance solutions will support Metropolitan Water District of Southern California’s biennial $3.4 billion budget,” said Craig Ross, president and CEO of Questica. “Questica Budget empowers organizations with the functionality to operate more efficiently and effectively.”
About Questica
For over 20 years, Questica has partnered with public sector organizations to enable data-driven budgeting and decision-making, while increasing data accuracy, productivity and improving stakeholder trust. Organizations across North America are modernizing their business processes using Questica’s budgeting, performance, transparency and engagement software solutions. For more information about Questica, visit questica.com.
About GTY Technology Holdings Inc.
GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”) brings leading public sector technology companies together to achieve a new standard in stakeholder engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments, education institutions, and healthcare organizations spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spending decisions; 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 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; Sherpa provides public sector budgeting software and consulting services.
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. 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 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 the company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability to consummate any proposed transaction with respect to the previously announced review of strategic alternatives; (2) the lack of actionable alternatives being identified in connection with the strategic alternative review; (3) risks relating to the substantial costs and diversion of personnel’s attention and resources due to the strategic alternative review; (4) the failure to generate sufficient cash flow from the company’s business to make payments on its debt; (5) the ability to raise or borrow funds on acceptable terms; (6) changes in applicable laws or regulations; (7) the possibility that the company may be adversely affected by other economic, business, and/or competitive factors; (8) the impact of the coronavirus outbreak, or similar global health concerns, on our operations and customer base; and (9) other risks and uncertainties included in the company’s registration statement on Form S-1 (File No. 333-229926), including those under “Risk Factors” therein, and in the company’s other filings with the SEC, including the company’s Annual Report on Form 10-K for the year ended December 31, 2019. 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.
