-

GTY Technology Acquires Ion Wave Technologies to Enhance Best-of-Breed eProcurement Offering to Public Sector

GTY will combine resources from Ion Wave and GTY subsidiary, Bonfire, to offer public sector procurement agencies best-of-breed solutions and exceptional customer experience

BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc. (“GTY”), leading provider of cloud-based solutions for the public sector, has acquired Ion Wave Technologies to complement existing GTY eProcurement solutions from Bonfire and DemandStar, cementing its foothold as the fastest growing eProcurement solution provider in North America. Furthermore, this acquisition enables GTY to expand into a new business category – K-12 education administration – with Ion Wave’s SpedTrack solution.

Ion Wave is a leader in government procurement that offers exceptional sourcing software and a network of suppliers for buyers. The solution provides powerful sourcing tools designed for government agencies, insightful and easy-to-use data reporting, and an overall simplified sourcing process for government procurement teams. The acquisition also includes Ion Wave’s SpedTrack product, a mission-critical software solution for school districts to manage special education programs. Both Ion Wave and SpedTrack will continue to be offered under the GTY umbrella of products. GTY’s SaaS solutions provide digital tools for back-office workflows spanning grants, permits, procurement, payments, and budget, all specifically designed for the public sector.

“Ion Wave has exceptional solutions, a knowledgeable team, and they value customer relationships as much as we do,” said TJ Parass, CEO of GTY Technology. “Under GTY, we’re bringing together Ion Wave and Bonfire, two of the best eProcurement companies in North America to create greater value and selection for our customers. This addition both complements and enhances GTY’s platform of products for the public sector.”

GTY’s existing eProcurement solution, Bonfire, is a leader in strategic sourcing and procurement software. With tools to support the entire vendor lifecycle (sourcing, contract management, and vendor performance), Bonfire goes beyond traditional mechanics of standard procurement suites to make complex decision-making easy. With Bonfire’s acquisition of DemandStar in December 2022, they now maintain a network of over 500,000 suppliers. With Bonfire and Ion Wave working in tandem, GTY will have one of the largest, fastest growing buyer-supplier networks in North America servicing approximately 2,200 agencies and 700,000 suppliers.

“Ion Wave and GTY Technology share a combined passion to empower the public sector workforce and bring positive outcomes for communities – this is one of the many reasons we’re so excited to join forces,” said Darren Henderson, CEO of Ion Wave.

Software Equity Group (SEG) served as the exclusive advisor to Ion Wave Technologies.

To learn more about Ion Wave Technologies visit www.ionwave.net. To learn more about SpedTrack visit www.spedtrack.com. To learn more about GTY Technology and its portfolio of public sector SaaS companies, visit www.gtytechnology.com.

GTY Technology Holdings Inc.

GTY Technology (GTY) brings leading cloud software together to deliver modern solutions for state and local governments, education institutions and healthcare organizations. More than 3,000 agencies across North America leverage GTY solutions to deliver better outcomes for their constituents by improving the way they engage stakeholders and manage their resources. Built for the public sector, the intuitive suite of solutions support the policy, regulation and compliance requirements unique to the public sector. Public Administrative solutions for budgeting (Questica and Sherpa), grants management (eCivis) and procurement solutions for both government buyers and suppliers (Bonfire) and (DemandStar) to modernize the end-to-end sourcing process and improve efficiency, transparency and collaboration. Civic Engagement solutions for payments (CityBase) and permits (OpenCounter) deliver efficiencies while improving citizen access and satisfaction. To learn more about the GTY platform and the positive impact it has on the people and communities it serves visit: www.gtytechnology.com.

Ion Wave Technologies

Ion Wave Technologies offers digital SaaS solutions for the public sector, including procurement automation and management of special education programs. Ion Wave’s eProcurement solution was designed to be extremely powerful for buyers while maintaining the simplicity that suppliers need, leading to rapid supplier adoption and robust insights that help procurement professionals make the best sourcing decisions. Ion Wave’s Special Education management solution, SpedTrack, is a fully-featured solution designed specifically to help educators simplify special education. For more information visit www.ionwave.net.

Contacts

Media
Meghan Hennessey
Manager, Marketing Communications
GTY Technology Inc.
press@gtytechnology.com
877-707-7755 x4655

GTY Technology Holdings Inc.


Release Versions

Contacts

Media
Meghan Hennessey
Manager, Marketing Communications
GTY Technology Inc.
press@gtytechnology.com
877-707-7755 x4655

Social Media Profiles
More News From GTY Technology Holdings Inc.

GTY Technology Named to 2023 GovTech 100 List

BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc. (“GTY”), a GI Partners portfolio company and leading provider of cloud-based solutions for the public sector, has been selected as a GovTech 100 company for 2023. The GovTech 100 is an annual list compiled and published by Government Technology as a compendium of 100 companies focused on, making a difference in - and selling to - state and local government agencies across the United States. “We are honored to be recognized by Government Tech...

GTY Technology’s Bonfire Business Unit Expands Presence in Government Procurement Through Acquisition of Leading Public Sector Bidding Marketplace, DemandStar

BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc., a GI Partners portfolio company and leading provider of cloud-based solutions for the public sector, has acquired one of North America’s fastest growing public sector bid marketplaces DemandStar, to further strengthen its presence in government procurement. DemandStar will merge under GTY’s Bonfire business unit, to address growing demands by government agencies to improve supplier outreach, competition and diversity. “With the acquisition...

GTY Technology’s Questica Inc. launches InTuition Revenue Model for Higher Education Budget Managers

BOSTON--(BUSINESS WIRE)--Today Questica Inc. (“Questica”), a business unit of GTY Technology Holdings Inc. (“GTY”) and a leader in budget solutions for publicly funded organizations, launches Questica InTuition, a revenue model to empower Higher Education budget managers with the ability to easily forecast tuition revenue using the University of Delaware budget model. “Simply put, Questica InTuition takes inputs, makes calculations and produces outputs for revenue modeling,” says Craig Ross, CE...
Back to Newsroom