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PayIt Makes Its First Acquisition With Purchase of S3

Nashville, Tenn.-based Sovereign Sportsman Solutions focuses on digital permitting and licensing for outdoor recreation. PayIt, among the fastest growing companies in gov tech, has raised almost $200 million.

PayIt has made its first acquisition.

The company, whose technology helps governments register vehicles, process tax payments and perform other digital services, says it will buy Nashville, Tenn.-based Sovereign Sportsman Solutions (S3), whose platform focuses on licensing and permitting for hunting, fishing, RVs, boats and event management.

Terms were not disclosed.

PayIt, in a statement, said it expects the deal to close by the end of May.

The combined company will serve some 100 million residents in North America, according to that statement.

“We are absolutely thrilled to welcome S3’s customers, software and passionate team, and to accelerate our vision to transform digital service delivery,” said John Thomson, PayIt founder and CEO, in the statement. “Leading agencies are hungry for innovative partners like PayIt and S3. This strategic acquisition affirms the new standard for gov tech: solutions that dramatically improve mission achievement and modernize the experience for residents.”

PayIt, with offices in Kansas City, Mo., Nashville and Toronto, launched about a decade ago and has raised nearly $200 million in capital. That includes a $90 million funding round announced last August. PayIt also recently appointed new executives.

Sparking all that growth and funding is the desire of public agencies to buy “cloud-native solutions like PayIt and S3 to quickly digitize access, engage residents and drive operational efficiency,” according to that statement.

“This is an exciting next chapter for S3, our partners and the outdoors enthusiasts they serve,” said Chris Willard, S3 chief customer officer, in the statement. “As part of PayIt, we will have expanded ability to support our customers’ mission outcomes, innovate faster and help drive the technology advancements that the conservation community deserves.”