Despite all the activity, we continue to be firm believers that the generational modernization that is happening across the public sector is only getting started and that capital flows into the gov tech market will continue to grow. The future is bright.
The volume metrics above and transactions below are for deals announced between Oct. 1 and Dec. 31, 2025.
THE BIG DEALS
Warburg Pincus to Acquire Raptor Technologies
Why It Matters: Private equity activity in the gov tech sector remains highly active. Warburg Pincus has announced the acquisition of Raptor Technologies, a leading provider of school safety software. As part of the transaction, JMI Equity, a longtime investor and partner, will reinvest alongside Warburg Pincus. During Thoma Bravo’s four-year ownership period, Raptor significantly expanded its platform through six acquisitions while driving meaningful operational improvements. The new partnership with Warburg Pincus, combined with continued support from JMI Equity, is expected to further advance Raptor’s growth strategy and reinforce its leadership position in the school safety market. Raptor currently serves more than 60,000 schools across 55 countries, and the transaction is expected to close in January 2026.
OTHER NOTABLE DEALS
CivicPlus Acquires Streamline
Why It Matters: As the Department of Justice moves to implement updated accessibility requirements for public-sector websites and digital documents, local governments are increasingly prioritizing solutions that enable them to share information in more inclusive and user-friendly formats. CivicPlus, a leading public-sector software-as-a-service provider, has acquired Streamline, an online engagement and compliance platform serving special districts nationwide. Streamline helps public agencies manage websites, communications, intranets and online payment tools, enabling them to better serve their communities while meeting regulatory and compliance obligations. The acquisition enhances CivicPlus’ ability to support local governments in delivering accessible, transparent and compliant digital experiences amid evolving Americans with Disabilities Act expectations. Streamline is currently trusted by more than 2,500 public agencies across the U.S., particularly special districts.
Tyler Acquires Edulink and CloudGavel
Why It Matters: Mergers and acquisitions remain a core component of Tyler’s growth strategy, with a continued focus on building an end-to-end platform that addresses the full spectrum of customer needs. In the fourth quarter, Tyler completed two strategic acquisitions. First, Tyler acquired CloudGavel, an electronic warrant platform serving law enforcement agencies, courts and prosecutors. This acquisition complements and enhances Tyler’s existing portfolio, further strengthening its leadership position in the courts, justice and public safety markets. Tyler also acquired Edulink, a web-based software platform designed for school districts, intermediate units and charter schools. The addition of Edulink enhances Tyler’s School ERP human resources capabilities by expanding functionality in evaluations, professional development and districtwide workflow automation. We expect Tyler to remain aggressive in pursuing additional strategic acquisitions.
CoreTrust Acquires BuyQ
Why It Matters: Charter and private schools represent one of the fastest growing and most fragmented procurement segments in education. CoreTrust has acquired BuyQ, a specialized group purchasing organization serving more than 4,000 charter and private schools nationwide. The transaction extends CoreTrust’s platform into a large, underserved market where schools operate with greater procurement autonomy but often lack the scale and expertise to optimize spend. BuyQ brings deep vertical specialization and relationships with more than 80 of the nation’s top charter networks, while CoreTrust adds scale, supplier breadth and technology infrastructure. The acquisition creates a new growth vector for CoreTrust’s supplier network and establishes education as the first vertical in what appears to be a broader multi-vertical platform strategy.
Motorola Solutions Acquires Blue Eye
Why It Matters: Moving from threat detection to real-time response is becoming the central bottleneck in enterprise security workflows. Motorola Solutions has acquired Blue Eye, an AI-powered remote video monitoring provider that delivers live threat verification, voice intervention and SOC-managed response services across commercial and critical infrastructure environments. The acquisition extends Motorola Solutions’ platform beyond hardware and analytics into continuous, managed detection and response, tightly linking video, AI and incident orchestration through Inform. Blue Eye’s interoperability with leading cameras and VMS platforms positions Motorola to embed verification and response deeper into existing enterprise security stacks while expanding its reach across retail, logistics and industrial verticals through its channel network.
RapidSOS Raises $100M and Acquires Northern911
Why It Matters: RapidSOS has raised $100 million in new financing, led by Apax Digital, bringing total capital raised to more than $450 million and reinforcing its position as core infrastructure for next-generation emergency response. Today, the company supports more than 1 billion emergencies across 22,000 federal, state and local agencies, 200-plus technology partners and more than half of the U.S. Fortune 10, with its HARMONY platform unifying real-time data from a global safety network of more than 600 million connected devices. Alongside the raise, RapidSOS acquired Northern911, a trusted backup 911 provider, extending its footprint deeper into call-taking, dispatch and mutual aid workflows and further positioning the company as a foundational data and communications platform for modern public safety.
Axon to Acquire Carbyne
Why It Matters: Axon has agreed to acquire Carbyne, valuing the latter at $625 million. This acquisition reinforces Axon’s strategy of building an end-to-end public safety technology platform, underscoring ongoing consolidation driven by large strategics in the public safety space. A critical downstream layer in the public safety workflow, Carbyne enables emergency communications centers to receive, route and manage 911 calls. Adding Carbyne’s cloud-native call-handling software to Axon’s product suite advances the latter’s push into next-generation emergency communication. Axon plans to combine Carbyne’s call-handling infrastructure with Prepared’s AI-driven situational awareness and real-time intelligence to form Axon 911.
OSINT Combine Merger With Kaseware
Why It Matters: Kaseware, a portfolio company of The Riverside Company, has merged with OSINT Combine to form a more comprehensive, end-to-end investigative platform that spans the full investigation life cycle. The combination brings together Kaseware’s core case management and workflow capabilities with OSINT Combine’s data collection, enrichment and analyst training, creating a single source of truth for investigations from initial intake through intelligence development and case resolution. The transaction positions the combined company to serve public safety and intelligence agencies seeking to reduce tool sprawl and consolidate fragmented point solutions into a unified, workflow-driven system. With expanded global reach, deeper domain expertise and greater scale, the merger strengthens Kaseware’s ability to support mission-critical operations and reflects growing demand for integrated platforms across the investigations and intelligence market.
Granicus Acquires Indigov
Why It Matters: Granicus, a leading gov tech platform and active consolidator, has acquired Indigov for an undisclosed amount, further expanding its footprint in constituent engagement and case management. The acquisition adds a robust inbound issue and service management solution used by government offices at all levels, extending Granicus’ reach deeper into the daily workflows of elected officials and front-line staff. Indigov enables agencies to manage a broad range of constituent interactions, including service requests, information inquiries, threat alerts and sentiment monitoring. Granicus plans to integrate Indigov into its Government Experience Cloud, creating a more unified gov tech engagement platform that combines multichannel constituent communications with data-driven insights and workflow automation across departments.
Government Window Receives Strategic Investment From Riata Capital Group
Why It Matters: Government payments software continues to attract growing investor interest as buyers increasingly underwrite the durability of high-volume administrative workflows and the mission-critical role these platforms play in public-sector operations. Against this backdrop, Riata Capital Group has made a strategic investment in Government Window to support the company’s continued platform expansion. Government Window provides a secure, no-cost and highly configurable payments platform that enables state and local governments to automate transactions across taxes, courts, utilities, permits, licenses and other citizen-to-government payments. The investment is expected to fund geographic expansion and accelerate product development, positioning Government Window to deepen its role as a core infrastructure provider in the gov tech payments ecosystem.
Clariti Acquires CivCheck
Why It Matters: Clariti, a provider of community development software to governments, has acquired CivCheck, expanding its platform across permitting, plan review and code compliance while accelerating its push into AI-enabled workflow automation. CivCheck applies AI to automate plan reviews and compliance checks, with the platform marketed as reducing permit approval times by at least 80 percent, addressing one of the most persistent bottlenecks in community development operations. Clariti plans to maintain CivCheck as an independent offering while investing heavily in engineering, product development and customer support, and embedding AI-powered permitting capabilities more broadly across its platform. The transaction reflects growing willingness among governments to adopt AI-driven efficiency tools and highlights the increasingly compelling ROI that strategics see in applying AI to high-volume, mission-critical regulatory workflows.
