TOP NEWS

ShotSpotter Beats IPO Expectations The company wanted to raise $30.8 million (before expenses) in its initial public offering. It wound up with $35.4 million.

Pondera Receives Private Equity Backing ...but it's not necessarily a sign of imminent merger-and-acquisition activity like many private equity deals.

Socrata Hires Former Wisconsin CIO Matt Miszewski, who led Wisconsin's IT efforts for four-plus years, is putting off retirement to join Socrata's sales team.

ProudCity Launches Drag-and-Drop Payments Tool The GovTech 100 company is getting into the government payments business using a tool built on Stripe.

Partnership Gives OpenGov a New Customer Pipeline The open data and budget-building software maker is integrating its tools into Superion (formerly SunGard Public Sector) enterprise resource planning packages.

MARKET SPOTLIGHT  

What States Spend the Highest Percentage of Their Budget on IT? As it happens, even the states that top the list don't devote much more than 3 percent of their budgets to tech.

WATCHLIST

GovTech companies on our radar this week:

Neighborland: A citizen engagement tool where government asks citizens questions, collects feedback and then keeps in touch with constituents as it implements solutions.

Run a GovTech company? Get on our radar here.

WHAT WE'RE READING

Event: A Workshop for Women Interested in Contracting with the Federal Government (U.S. Small Business Administration)

Inspecting Algorithms for Bias (MIT Technology Review)

How the USDS Built Vets.Gov (U.S. Digital Service)

GovTechBiz is our weekly newsletter covering the companies, deals and trends in the business of gov tech. Got a news tip? Other feedback? We're listening. Send it to GovTechBiz Writer Ben Miller at biz@govtech.com.