Budget & Finance
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Chief Information Officer Mark Raymond is on a mission to convince decision-makers that technology doesn’t just cost money — it provides value. “It’s how we improve in government at all.”
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The company offers the Gravity platform and sells budgeting, compliance and other tools to local and state governments. A gov tech veteran will join the board of directors following the growth equity investment.
As the deal closes, Civica is eyeing more growth, including perhaps to the U.S., where it already has a presence. State and local governments, along with courts and schools, use the company’s software.
In the May revision of his proposed 2024-2025 fiscal year state budget, Gov. Gavin Newsom called for $2 billion in cuts to rolling out high-speed Internet. It’s possible, he said, “to actually achieve similar goals at a lower cost.”
The year ’s first quarter saw 2024 off to a sound start in gov tech transactions, with notable deals involving OpenGov, Axon, gWorks and Springbrook, according to market expert Jeff Cook.
Procurated, a procurement marketplace for state and local agencies, has officially launched its Canary supplier review tool after a quiet debut. The company’s CEO discusses the thinking behind the product’s design.
This is the first acquisition for OpenGov since Cox Enterprises took control of the company in a February deal that valued the gov tech firm at $1.8 billion. OpenGov plans a new suite of tax and revenue products.
Gov. Gavin Newsom signed legislation Monday on an early action budget null among legislative leaders that will cut the shortfall by about $17.3 billion — and return millions for tech to the general fund.
The procurement software vendor could soon have a bigger presence in local contracting, according to the CEO. The funding comes among other changes for companies in procurement.
The two gov tech vendors have built a large online library of public contracts. The goal is to make it easier for suppliers and public agencies to study and evaluate contracts, and craft the best deals.
The acquisition is just the latest for the Nebraska company whose software is used by municipalities, utilities and special districts. Private equity helped make this deal possible, reflecting a larger gov tech trend.
A recent survey confirms that government employees are increasingly turning to online platforms like LinkedIn to vet potential vendors. A poorly optimized personal profile could cost a vendor valuable contracts.
The cloud-based software can help public agencies better align their strategic visions with capital, operational and personnel budgets. The move comes at a busy time for the rebranded gov tech vendor.
The move, made during "Sunshine Week," could help suppliers learn more about contracting trends, and citizens to keep track of procurement trends. The launch comes amid a large procurement acquisition move.
Speakers Thursday at a webinar organized by the North American Bikeshare and Scootershare Association (NABSA) discussed how micromobility, including bike-share systems and e-bikes, is becoming part of larger transportation ecosystems — and securing public funding.
When innovation needs a boost, advance market commitments are a tool that not only secures value for taxpayers but also fosters environmental sustainability and economic development.
