GTY Technology Holdings Inc. (Nasdaq: GTYH) (“GTY”), a leading provider of SaaS/Cloud solutions for the public sector, announced today that it has entered into a partnership with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®.
The partnership names Carahsoft GTY’s Master Government Aggregator™, authorizing the company to serve as the government distribution partner and contract aggregator for GTY and its six business units.
Under the agreement, Carahsoft will be authorized to carry all GTY products on its extensive list of contract vehicles as well as provide sales, marketing and order management support to deliver GTY’s best-of-breed solutions to the public sector. Products from GTY subsidiaries eCivis and Open Counter are currently available to state and local government agencies, education institutions and authorized non-profits through Carahsoft’s National Association of State Procurement Officials (NASPO) ValuePoint and National Cooperative Purchasing Alliance (NCPA) cooperative purchasing vehicles as well as the company’s ecosystem of reseller partners.
“This strategic partnership with a highly respected industry leader like Carahsoft allows us to expand our footprint in our key public sector markets while optimizing the procurement experience for our customers,” said Stephen Rohleder, Chairman, and CEO of GTY. “Carahsoft will work as an extension of our sales and marketing teams to help educate the public sector market about GTY’s portfolio of solutions and generate demand for our business units. We value our relationship with the Carahsoft team and look forward to the growth and success we’ll achieve together.”
GTY offers an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting and permitting through its six subsidiaries, including:
- Bonfire, which provides strategic sourcing and procurement software to enable confident and compliant spending decisions.
- CityBase, which provides government payment solutions to connect constituents with utilities and government agencies.
- eCivis, which offers a grant management system to maximize grant revenues and track performance.
- Open Counter, which provides government payment software to guide applicants through complex permitting and licensing procedures.
- Questica, which offers budget preparation and management software to deliver on financial and non-financial strategic objectives.
- Sherpa, which provides public-sector budgeting software and consulting services.
“We are excited to make GTY’s cloud-based suite of solutions for state and local government available across all 50 states,” said Craig P. Abod, Carahsoft President. “GTY’s comprehensive approach to the common challenges facing public sector organizations makes them a unique and valuable partner as Carahsoft and our reseller partners work to support digital experience, cloud migration and IT modernization goals of our customers.”
eCivis and Open Counter solutions are available through Carahsoft’s NASPO ValuePoint and NCPA cooperative purchasing vehicles and through the company’s reseller partners. For more information, contact the GTY team at Carahsoft at (703) 673-3570 or GTY@carahsoft.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; 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; Sherpa provides public-sector budgeting software and consulting services.
About Carahsoft Technology, Corp.
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®. As a top-performing GSA Schedule and SEWP contract holder, Carahsoft serves as the Master Government Aggregator™ for many of its best-of-breed technology vendors, supporting an extensive ecosystem of manufacturers, value-added resellers, system integrators and consulting partners committed to helping government agencies select and implement the best solution at the best possible value.
The company’s dedicated Solutions Divisions proactively market, sell and deliver GTY, VMware, Amazon Web Services (AWS), Palo Alto Networks, Symantec, Veritas, McAfee, Dell, Adobe, F5 Networks, Google Cloud, ServiceNow, Open Source, Micro Focus Government Solutions, SAP, Salesforce, and Innovative and Intelligence products and services, among others. Carahsoft is consistently recognized by its partners as a top revenue producer and is listed annually among the industry’s fastest growing and largest firms by CRN, Inc., Forbes, Washington Technology, The Washington Post, Washington Business Journal, and Bloomberg Government. Visit us at www.carahsoft.com or follow us on Twitter and Facebook.
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.