The company has made several big mergers and acquisitions since receiving private equity money in 2016. This one brings in a company, SouthTech Systems, founded on building software for California county clerks.
Backed with private equity money, Granicus has acquired the veteran government software firm SouthTech Systems.
Based in California, SouthTech has been in business since 1994. The company has several products, but most of them deal in some way with managing records — birth and death records, campaign ethics filings, agendas — and automating processes involving those records.
In particular, the company has a close relationship with California county clerks. According to a press release, the company’s first product was designed for those customers and eventually put in place in 48 of the state’s 58 counties. One of its current products, ClerkDocs, offers the ability to index, store and retrieve various documents county clerks deal with frequently such as fictitious business name and power of attorney declarations.
Its customers include Orange County, Calif., and the Metropolitan Water District of California.
Granicus, since merging with GovDelivery in 2016, has become a big cloud-focused provider of state and local government software that includes agenda management, meeting live-streaming, citizen communications and website design. Its valuation is likely in the hundreds of millions of dollars.
“SouthTech Systems was founded to make a difference in the day-to-day technical hurdles that government leaders face,” said SouthTech co-founder Grant Gyulnazaryan in a statement. “Joining Granicus means that our customers will benefit from a robust infrastructure, unmatched security, and added R&D investment and scale — all while maintaining the world-class support our customers have enjoyed.”
Granicus has been owned by Vista Equity Partners since 2016. The same private equity firm was behind the deals that merged Superion, TriTech Systems and Aptean together to make CentralSquare.
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