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Private Equity's Influence on the Gov Tech Market — ICYMI

Jeff Cook, managing director at Shea & Company, shares his perspective on the record level of gov tech market investment activity and the role of capital in accelerating public-sector innovation.

Historically speaking, investment capital hasn’t flowed as equally into the gov tech market as it has into other markets in part due to trepidation related to longer sales cycles and the uncertainty of budgets.

As technologies and solutions advanced, however, with no small contribution from the use cases provided by the recent pandemic, gov tech has matured and become a hot market for growth. Record levels of budget surpluses combined with historic amounts of federal funding have created opportunities for the private sector to drive government innovation in what some consider to be a recession-proof market.

In the midst of this record market investment activity, Shea & Company has been involved in a number of notable deals over the past few years, including CivicPlus’ acquisition of Optimere and Granicus’ acquisition of GovQA and Rock Solid.
Managing Director Jeff Cook joined ICYMI to discuss the activity and trends he is seeing, the role that capital plays in accelerating innovation, the unmet needs of the public sector and what advice he would give to new companies entering the gov tech market.


Read Jeff Cook's Q3 2022 Roundup

Connect with Jeff on LinkedIn

Learn more about strategic and financial adviser Shea & Company


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Joseph Morris is the Chief Innovation Officer of Government Technology's parent company e.Republic and a national keynote speaker on issues, trends and drivers impacting state and local government and education. He has authored publications and reports on funding streams, technology investment areas and public-sector priorities, and has led roundtables, projects and initiatives focused on issues within the public sector. Joe has conducted state and local government research with e.Republic since 2007 and knows the ins and outs of government on all levels. He received his Bachelor of Arts in government and international relations from the California State University, Sacramento.