Our internal analysis suggests total deal volume in Q2 2025 of $6.1 billion, which includes the massive $4.4 billion acquisition of Silvus Technologies by Motorola. The $6.1 billion ($1.7 billion if Silvus' acquisition is excluded) represents a step up from both the $3.1 billion in Q1 2025 and the $2.2 billion in Q2 2024 a year prior. Year-to-date, there has been $9.2 billion of transaction volume, surpassing even the first half of 2021.
THE BIG DEAL(S)
The big deals this quarter include one from public administration (Vision Government Solutions) as well as public safety (Silvus).
Motorola Solutions Acquires Silvus Technologies
Why it Matters: Motorola Solutions continues to expand its public safety and defense communications portfolio with the $4.4 billion acquisition of Silvus Technologies, a specialist in mobile ad hoc networking for contested and infrastructure-free environments. Silvus’ software-defined radios support high-throughput, resilient communications across a range of critical use cases — including law enforcement, autonomous systems and battlefield operations. The deal brings Motorola advanced mesh networking capabilities purpose-built for mobility, scale and security, further aligning with recent acquisitions such as RapidDeploy and Theatro. Backed by more than two decades of R&D, Silvus will strengthen Motorola’s ability to serve frontline operators while extending the company’s intelligent network footprint globally.
Why it Matters: Vision Government Solutions, a leader in the appraisal, computer-assisted mass appraisal (CAMA) and property tax industry, has completed a majority recapitalization led by Great Hill Partners, with participation from Weatherford Capital. The investment supports Vision’s next phase of growth as it expands its offerings and strengthens its position as a leading partner to more than 900 jurisdictions nationwide. Vision is a notable deal given its focus on solutions that roll up to the assessor, a “buying center and persona” within government that has not seen the level of transaction activity of others such as the city manager, finance officer, law enforcement or clerk. We anticipate seeing additional activity in this segment given the opportunity.
OTHER NOTABLE DEALS
Extra Duty Solutions Receives Strategic Investment From Bregal Sagemount
Why it Matters: Bregal Sagemount, a New York-based private capital firm, has made a significant growth equity investment in Extra Duty Solutions (EDS). The investment highlights continued private equity interest in the intersection of technology and public safety operations. Extra Duty Solutions, a first mover in off-duty program administration for law enforcement, has carved out a leadership position in a niche yet critical area of public safety infrastructure — helping agencies manage scheduling, compliance and payments for extra-duty assignments. Bregal Sagemount’s backing provides both capital and strategic support to accelerate growth, particularly through geographic expansion and product development. With law enforcement agencies nationwide facing resource constraints and heightened scrutiny, demand for operational efficiency and risk mitigation tools is only increasing. The EDS–Sagemount partnership signals broader tailwinds for gov tech platforms delivering mission-critical services and highlights the continued consolidation in the law enforcement and public safety software space.
Caselle Acquires Dallas Data Systems
Why it Matters: Caselle, a provider of government accounting and utility billing software acquired Dallas Data Systems, a Pennsylvania-based company known for its municipal software systems. Last year, Caselle came together alongside Civic Systems and Black Mountain Software to form Govineer Solutions, with the three companies operating as subsidiaries. This deal reflects the continued roll-up strategy within gov tech as platforms like Caselle seek to deepen regional coverage and expand client relationships. With Dallas Data Systems, Caselle adds a trusted Pennsylvania-based provider with a 30-year track record and strong customer loyalty across small- and midsized municipalities. The two companies had a long-standing partnership, and the acquisition will allow Caselle to extend its geographic reach and client service capacity. More broadly, the transaction underscores the growing importance of modern, purpose-built financial and utility billing tools for local governments, especially as AI continues to shape how these core functions are managed.
Swiftly Receives Strategic Investment From Cove Hill Partners
Why it Matters: Transit agencies globally are under mounting pressure to do more with less — manage disruptions, improve rider satisfaction and boost efficiency — all while modernizing legacy systems. Swiftly sits at the center of that transformation, powering real-time data and analytics for more than 190 agencies and more than 2.4 billion annual passenger journeys. Cove Hill’s investment, alongside continued support from JMI Equity, positions Swiftly to further its role as a mission-critical layer of transit infrastructure. With a track record of driving measurable performance improvements, the company is poised to set new standards in service reliability, operational visibility and digital passenger engagement.
Prepared Raises $80M in Series C Funding
Why it Matters: The 911 system is a cornerstone of public safety in the U.S., yet it remains one of the most under-digitized areas in government operations. Prepared is changing that by embedding assistive AI directly into emergency response workflows — automating triage, translating languages in real time and reducing call-processing times. With more than 1,000 agencies already on its platform, Prepared is rapidly scaling what could become the operating system for next-gen emergency communications. The $80 million Series C, led by General Catalyst with participation from Andreessen Horowitz and Radical Ventures, positions the company to accelerate nationwide adoption of its end-to-end assistive AI platform and address the critical technology and staffing changes facing 911 centers across the country.
GovWorx Receives Strategic Investment From Serent Capital
Why it Matters: GovWorx, an AI-based platform focused on assisting law enforcement, emergency communication centers and EMS agencies, has received a strategic growth investment from Serent Capital. Founded in 2023, GovWorx uses AI to improve quality assurance, training and other tools for emergency communications to serve more than 100 customers. This marks the first investment GovWorx has received in its history and will be used to further its product development while bolstering go-to-market capabilities. The GovWorx investment marks Serent's fifth gov tech investment in four years. Together, the partnership positions GovWorx to accelerate its mission of enhancing public safety operations through innovative AI solutions.
Cellebrite Acquires Corellium
Why it matters: Cellebrite’s acquisition of Corellium expands its capabilities in mobile security research, Arm-based virtualization and Internet of Things device modeling. The deal broadens Cellebrite’s total addressable market across both public and private sectors — enhancing its Digital Intelligence Platform for defense and intelligence customers while opening new use cases in mobile app development, cybersecurity and connected device testing. Corellium’s technology is expected to complement Cellebrite’s existing Case-to-Closure strategy, adding depth to both investigative workflows and proactive security testing. This marks Cellebrite’s fourth acquisition since 2021 as it continues to build a more comprehensive end-to-end digital investigation offering.
Tyto Athene Acquires stackArmor
Why it Matters: Tyto Athene’s acquisition of stackArmor strengthens its position as a leading digital transformation partner for the federal government, particularly in regulated cloud services and compliance automation. stackArmor brings proven capabilities in accelerating Authority to Operate (ATO), continuous monitoring and cybersecurity frameworks such as FedRAMP, FISMA and CMMC — critical for defense, intelligence and public safety customers. Its proprietary ThreatAlert and Continuous ATO platforms have reduced compliance timelines by up to 40 percent across sectors such as health care, space and national security. The acquisition complements Tyto’s previous deals and aligns with Arlington Capital’s strategy to build a differentiated, full-spectrum technology partner for mission-critical government operations.
Vector Solutions Acquires Frontline Public Safety Solutions
Why it Matters: Vector Solutions, a leader in technology solutions for public safety training and workforce management, has acquired Frontline Public Safety Solutions, a premier cloud-based software provider for police, dispatch, EMS and fire agencies. The combined company now offers an integrated platform that streamlines communication, operations, compliance and data management, delivering a unified set of law enforcement and dispatch solutions. With the addition of Frontline’s nine industry-specific modules, agencies nationwide, including major law enforcement departments and state academies, will gain access to an expanded suite of tools to meet evolving operational and regulatory demands. This acquisition further strengthens Vector Solutions’ position as the go-to provider for effective and compliant workplace technology in public safety, extending its support to more than 10,000 agencies and 2 million first responders.
Accela Acquires ePermitHub
Why it Matters: Accela has acquired ePermitHub to strengthen its Civic Platform with fully integrated digital plan review and document management capabilities. By incorporating ePermitHub’s Digital Plan Room and COMET Version Engine, the platform now enables agencies to automate and standardize plan submissions, reduce approval turnaround times and minimize costly delays for construction professionals. The acquisition also lays the groundwork for enhanced AI-driven functionality, leveraging ePermitHub’s domain expertise and historical plan data to streamline code compliance, flag submission deficiencies and further accelerate permit approvals. The deal reflects Accela’s continued investment in modernizing civic processes and improving service delivery for government agencies and constituents alike.
Authorium Raises $8M in Series A Extension Round
Why it Matters: Amid public-sector financial constraints, modern procurement and budgeting tools are becoming critical infrastructure. Authorium, formerly City Innovate, has raised $8 million in a Series A extension to expand its no-code automation platform for government workflows. The funding, led by SJF Ventures with participation from the Govtech Fund, will support hiring, product development and the opening of a Washington, D.C., office. Authorium also launched AuthorAI, a generative AI tool trained on 15 million procurement documents to help agencies draft high-quality statements of work and manage spending more effectively amid tightening budgets.
