This makes for the company's second acquisition.
FiscalNote, a startup that builds tools to help companies track government actions, has acquired the advocacy-focused company VoterVoice.
The move brings together two companies working in the same realm but with different client bases; both sought to help groups manage their government affairs. But FiscalNote, which is on the 2017 Gov Tech 100 list, has customers like Accenture while VoterVoice serves groups like the American Hospital Association.
The company plans to integrate VoterVoice directly into its own platform, according to a press release. VoterVoice has more than 1,100 clients.
“Given our shared [software-as-a-service] models and data expertise, we expect this integration to go quickly and smoothly,” FiscalNote CEO Tim Hwang said in the statement.
This is the second company FiscalNote has acquired since it launched in 2013. In 2015, the company purchased MyCandidate, which tracked South Korean political candidates. According to the press release, the VoterVoice acquisition is cash-flow accretive.
The company will help pay for the deal with on-hand cash and long-term debt. FiscalNote didn’t disclose the actual terms of the agreement.
FiscalNote has raised more than $28 million in capital, its most recent being a $10 million Series C round closed last year.
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