GTY Technology Holdings Inc. Strengths, Domain Expertise, and Key Differentiators
GTY Technology brings public sector technology companies together to achieve a new standard in stakeholder engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments, education institutions, and healthcare organizations spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spending decisions; 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 builds permitting and licensing software to streamline interactions between applicants and staff; 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.
GTY Technology Holdings Inc. Recent Developments
In September 2021, eCivis, a subsidiary of GTY Technology Holdings Inc. and the most widely used SaaS grants management solution for state, local and tribal governments, released new functionality to automate and streamline American Rescue Plan Act (ARPA) grants management and compliance with the latest federal guidelines. eCivis created its new ARPA Program to automate and simplify the process. It is also developed in accordance with State and Local Fiscal Recovery Funds (SLRF) guidelines to minimize compliance risk for eCivis customers.
GTY Technology Holdings Inc. Mergers and Acquisitions (M&A) Activities
In September 2018, GTY Technology Holdings has acquired six companies that are leading the digital transformation in the public sector market including Bonfire Interactive Ltd. ("Bonfire"), CityBase, Inc. ("CityBase"), eCivis, Inc. ("eCivis"), Open Counter Enterprises Inc. ("Open Counter"), Questica Inc. and Questica USCDN Inc. (together with Questica Inc., "Questica") and Sherpa Government Solutions LLC ("Sherpa" and collectively with Bonfire, CityBase, eCivis, Open Counter and Questica, the "Targets").
GTY Technology Holdings Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying GTY Technology Holdings Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of GTY Technology Holdings Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Questica, CityBase, Bonfire, eCivis customers.
GTY Technology Holdings Inc. Overview
Ownership: - Nasdaq: GTYH
Number of Employees: 395
GTY Technology Holdings Inc. Key Enterprise and Cloud Applications
Questica, CityBase, Bonfire, eCivis
GTY Technology Holdings Inc. Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
GTY Technology Holdings Inc. Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
GTY Technology Holdings Inc. Enterprise Applications Revenues By Functional Markets, $M:
GTY Technology Holdings Inc. Enterprise Applications Revenues By Verticals, $M:
GTY Technology Holdings Inc. Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
GTY Technology Holdings Inc. Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
GTY Technology Holdings Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of GTY Technology Holdings Inc. Customers: 1768
No. of GTY Technology Holdings Inc. Enterprise Applications Customers: 1768
No. of GTY Technology Holdings Inc. Cloud Customers: x
No. of GTY Technology Holdings Inc. Cloud Subscribers: x
GTY TECHNOLOGY's customer base grew by 15% in 2020, so the number of their customers now is 1768. Among them are : City of Detroit, Ventura County, Great Lakes Water Authority, State of Arizona, Harris County, and many more. The real achievement for GTY is that around 80% of their new clients are Greenfield.
GTY Technology Holdings Inc. Market Opportunities, M&A and Geo Expansions
GTY Technology plans to increase its customer base by leveraging its comprehensive product portfolio with its existing customer base, investing in direct sales to new customers, and using relationships with complementary products and services, which could be crucial for its ongoing success.
GTY Technology Holdings Inc. Risks and Challenges
GTY Technology Holdings has closed its acquisition of six small SaaS and cloud software solution providers to combine their capabilities in a move to help state and local governments with their digital transformation. Integration of the latest acquisitions and multiple product suites under one umbrella will be a challenge for GTY Technology.
GTY Technology Holdings Inc. Ecosystem, Partners, Resellers and SI
In March 2020, GTY Technology entered into a partnership with Carahsoft Technology Corp., the trusted government IT solutions provider. The partnership names Carahsoft GTY’s Master Government Aggregator, authorizing the company to serve as the government distribution partner and contract aggregator for GTY and its six business units. Under the agreement, Carahsoft authorized to carry all GTY products on its extensive list of contract vehicles as well as provide sales, marketing and order management support to deliver GTY’s solutions to the public sector. Products from GTY subsidiaries eCivis and Open Counter are currently available to state and local government agencies, education institutions and authorized non-profits through Carahsoft’s National Association of State Procurement Officials (NASPO) ValuePoint and National Cooperative Purchasing Alliance (NCPA) cooperative purchasing vehicles as well as the company’s ecosystem of reseller partners.
GTY Technology Holdings Inc. Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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