Whatever's happening in the broader market, gov tech's strong pace of activity continued in the second quarter of the year, with several large deals and some clear trends emerging in areas such as asset management.
With many stocks taking hits and investors fretting about the possibility of a recession, gov tech market adviser Jeff Cook explores whether uncertainty is pushing investors toward the stability of gov tech.
The Israel-based firm, expanding in North America, has joined a recent uptick in gov tech firms with valuations of $1B or more. The Optibus success provides signals about what’s next for transit software and other tools.
The massive deal — the largest for government technology — was completed just more than a year ago. Now financial results are starting to tell the story about the acquisition, and soon tech buyers will notice changes.
GTY plans to go private after being acquired by a private equity firm. Industry experts talk about what this means for government customers and whether this type of deal can happen again as the industry grows.
A new seed funding round featuring U.S. investors will help the U.K. startup brings its road and railway monitoring tech to more American locations. Route Reports expects to grow via federal infrastructure spending.
Although the dollar amounts were down relative to last year's blockbuster deals, the number of transactions has remained high with activity from Avolve, NEOGOV, RapidSOS, ClearGov, Tyler Technologies and more.
Last year saw an immense change in both the stature and intensity of the government technology ecosystem. Jeff Cook, an investment adviser in the market, takes a run through the numbers and examines what they mean.
It was another busy quarter, especially in the public safety space. Investment adviser Jeff Cook runs through the most significant deals of the quarter and what the activity tells him about the gov tech market.
From permitting and licensing to public safety and artificial intelligence, the market for tech companies serving state and local government hit record M&A highs in 2021 — and it's just getting started.