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

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.

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Read Jeff Cook's Q3 2022 Roundup

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Learn more about strategic and financial adviser Shea & Company

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