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GTY Reports Significant Growth and Customer Wins in 2021 YTD

·7-min read

BOSTON, Jun 14, 2021--(BUSINESS WIRE)--GTY Technology Holdings Inc. (Nasdaq: GTYH) ("GTY"), a leading provider of cloud solutions for the public sector, announced today that its business units have continued to add customers at a strong pace, bringing in more than 100 new customers in the first five months of 2021.

"We have seen a huge shift in the public sector as businesses and governments begin to recover from the significant effects of the COVID-19 pandemic," said TJ Parass, CEO of GTY Technology. "While the focus in 2020 was on rapidly making services and support accessible during the worst of the health crisis, we are now seeing a renewed focus on planned strategic digital transformation that will enable a more efficient and streamlined constituent experience. The cloud-based technology provided by GTY Technology’s business units is helping our customers quickly meet their immediate needs, while empowering them to be more agile and effective in the future."

Each of GTY’s business units has reported strong interest from government and public sector organizations in the first five months of 2021. This considerable demand is indicative of the impact the COVID-19 pandemic has had on public sector operations and the need for effective solutions that empower governments organizations to achieve better results for the communities they serve.

Bonfire, a leading provider of public procurement and sourcing software, has won 42 new clients in 2021 including 14 school districts and higher education institutions; 10 municipalities; 9 federal, state and provincial agencies; 3 utilities and transit authorities; 2 healthcare agencies; and 4 commercial. Bonfire now serves just under 500 public sector clients across North America, including the recent addition of Virginia Polytechnic Institute and State University (Virginia Tech). Bonfire’s cloud-based eSourcing solution will replace patchwork systems and processes the university put in place early in the COVID-19 pandemic. The advanced offering will better support Virginia Tech’s procurement team with the collection of electronic bid submissions and allow them to operate more securely and efficiently in the future.

CityBase, a leading provider of government and utility payment technology, has brought on new major client engagements and expanded existing ones. New York City is working with CityBase to expand in-person payments citywide. The City of Lynchburg, VA, selected CityBase to provide new 24/7-accessible, self-service payment kiosks. The City of Lawrence, IN, is now working with CityBase for online one-time and recurring utility payments and in-person kiosk payments. CityBase is also working with utility companies to continue improving payment processes, including a prominent energy provider in Michigan who has signed on for 43 new payment kiosks, and KC Water in Kansas City, MO, who is working with CityBase to launch self-service payment kiosks for utility payment processing.

eCivis, a leading cloud-based grant management system for state, local, and tribal governments has added 13 new customers and signed four service upgrades, and announced 12 customer launches in the first five months of 2021. The grants management solution provider has announced significant traction in the state of Texas as well as within several tribal organizations including the Prairie Island Indian Community, MN, Native American Youth and Family Center, and the Iowa Tribe of Oklahoma. Cloud-based grants management solutions from eCivis have been implemented by state and local governments, as well as non-profit organizations such as the Catholic Charities of the Diocese of Santa Rosa to maximize the identification, application, and allocation processes in the wake of the COVID-19 pandemic.

OpenCounter, a leading provider of public sector permitting technology, has signed two new customers and announced eight customer launches in the first five months of 2021. Growing cities like Toledo, OH, Miami, FL, and Fort Worth, TX, are leveraging OpenCounter’s permitting portals to improve the overall experience for constituents and businesses, increase accessibility of services, and support economic development and recovery. OpenCounter has also seen a surge in sales interest for its Special Events Portal, which was launched in 2020 to digitize and streamline special events permitting, modernizing processes and schedules for planned events following the COVID-19 Pandemic.

GTY Technology’s budgeting units, Questica and Sherpa are industry-leading providers of cloud-based budget, performance, and transparency solutions for the public sector. In the first five months of 2021 Sherpa has expanded agreements with several existing customers, and Questica has signed 50 new customers. The cloud-based budgeting tools have been selected by a wide range of government, education, and non-profit sector organizations, such as the City of Spokane, WA, the City of Peoria, AZ, the City of Gastonia, NC, the City of Bellevue, WA, the State of North Dakota, the Waterloo Catholic District School Board, the Central Ohio Transit Authority, the City of Coral Gables, FL, McHenry County, IL, and the Town of Gilbert, AZ.

For more information about GTY Technology, the GTY family of companies, or investment opportunities, visit www.gtytechnology.com.

About GTY Technology Holdings Inc.

GTY Technology Holdings Inc. (NASDAQ: GTYH) ("GTY")) brings leading government technology companies together to achieve a new standard in citizen engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spend; CityBase provides government payment solutions to connect constituents with utilities and government agencies; eCivis offers a grant management system to maximize grant revenues and track performance; OpenCounter provides government permitting software to guide applicants through complex permitting and licensing procedures; Questica offers budget preparation and management software to deliver on financial and non-financial strategic objectives; Sherpa provides public sector budgeting software and consulting services.

Forward-Looking Statements

This release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The company’s actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the impact of the COVID-19 pandemic, or other public health crises, on our operations, our customers and the economy; (2) the risk that the ongoing integration of the businesses acquired in our business combination disrupts current plans and operations; (3) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (4) our failure to generate sufficient cash flow from our business to make payments on our debt; (5) changes in applicable laws or regulations; (6) the possibility that the company may be adversely affected by other economic, business or competitive factors; and (7) other risks and uncertainties included in our Annual Report on Form 10-K for the year ended December 31, 2020 and our subsequent filings with the Securities and Exchange Commission. We caution you that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005755/en/

Contacts

Company:
Investor Relations
ir@gtytechnology.com
(702) 945-2898

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