Terms were not disclosed. The deal comes amid optimistic expectations for the gov tech industry in 2024, with one analyst forecasting higher transaction volumes than last year.
Granicus — a case study for the increasing presence of private equity in gov tech — focuses on citizen engagement software and is active in the U.S., U.K., Canada, Australia and New Zealand.
SmartGov, meanwhile, has “hundreds” of clients among U.S. cities, counties and states, according to the deal announcement.
The deal gives Granicus more power in the permitting, licensing and compliance space, according to that statement. SmartGov becomes an “important addition” to the Granicus Government Experience Cloud platform, which means more digital services for public agencies, and a more “holistic, comprehensive approach” to providing those services.
“As government progresses in its digital transformation to provide seamless, interconnected citizen experiences, Granicus remains dedicated to advancing our platform to make the creation, delivery, management and measurement of those interconnected experiences as intuitive as possible,” said Mark Hynes, Granicus CEO, in the statement.
In 2022, Siemens announced its $1.6 billion purchase of Brightly, a seller of software used by schools, governments and hospitals. At the time, Siemens said the deal would boost its presence in the smart city space.
Later that year, Granicus made a splash with its acquisition of Rock Solid Technologies, another citizen engagement firm.
