OpenGov Inc. Strengths, Domain Expertise, and Key Differentiators
OpenGov helps government agencies of all sizes (including cities, counties, special districts, states, and schools) streamline their budget-building processes; track their progress; and share information with their communities, and collect their feedback.
OpenGov Inc. Recent Developments
In April 2020 OpenGov publicly launched OpenGov Financials, a new financial management solution that expands its cloud-based software offerings and unveils the industry’s first fully-integrated cloud ERP designed exclusively for local government. OpenGov Financials is a complete financial system that allows governments to run their daily, mission-critical processes, as well as report, forecast, and budget using one online platform. The software eliminates the need for many physical documents like timecards, invoices, and cash receipts, and supports efficiency by reducing manual processes and heavy workloads.
OpenGov Financials works seamlessly with the company’s two other software suites, Budgeting and Planning, and Permitting, Licensing and Code Enforcement, all of which offer governments the ability to continue operations remotely in the face of a crisis like Covid-19. In addition, OpenGov’s Reporting & Transparency Platform—the company’s reporting, data visualization, and communications suite—is now included for all new customers, supporting OpenGov’s mission to power more effective and accountable government.
In December 2019, the Mayor of the City of Plattsburgh rolled out a public demonstration of its new OpenGov finance package. Once fully implemented, the software tool will allow the public access to key measures of the city finances, from revenues and expenses to department payrolls and overtime.
In October 2019, Plattsburgh, N.Y., penned an agreement with OpenGov Budgeting Software. OpenGov has been on the city’s radar for some time.
In June 2019, The State of Oklahoma announced Oklahoma Checkbook, an OpenGov-designed portal that provides near-real-time data on the state’s expenses. The platform is the result of a partnership between the Stitt administration, the Office of the State Treasurer, and the new Office of Digital Transformation and Administration, according to a press release.
In June 2019, The State of Idaho launched Transparent Idaho, designed by OpenGov, which features visual representations of agency spending, the ability to share findings on social media, a new desktop and mobile interface, and data that is updated nightly.
OpenGov Inc. Mergers and Acquisitions (M&A) Activities
In September 2019, OpenGov acquired ViewPoint. ViewPoint Cloud is considered the industry’s fastest-growing and only multi-tenant SaaS software for permitting and licensing. Going forward, ViewPoint Cloud will be integrated into The OpenGov Cloud thus broadening OpenGov’s reach and impact on the public sector.
OpenGov Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying OpenGov 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 OpenGov 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 The OpenGov Cloud™ customers.
OpenGov Inc. Overview
Ownership: - x
Number of Employees: 250
OpenGov Inc. Key Enterprise and Cloud Applications
The OpenGov Cloud™
OpenGov Inc. Revenues, $M:
|Type/Year||2018||2019||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.
OpenGov Inc. Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
OpenGov Inc. Enterprise Applications Revenues By Functional Markets, $M:
OpenGov Inc. Enterprise Applications Revenues By Verticals, $M:
OpenGov Inc. Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
OpenGov Inc. Direct vs Indirect sales
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OpenGov Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of OpenGov Inc. Customers: 2300
No. of OpenGov Inc. Enterprise Applications Customers: 2300
No. of OpenGov Inc. Cloud Customers: 2300
No. of OpenGov Inc. Cloud Subscribers: x
OpenGov serves 2,000+ Governments on The OpenGov Cloud. Some of them are the City of Rockport TX, City of Ft. Lauderdale FL, County of Allegheny PA, District of Columbia DC, State of Illinois, Nobles County MN, City of Stanton CA, City of McKinney TX and others.
OpenGov Inc. Market Opportunities, M&A and Geo Expansions
In September 2019, OpenGov has raised USD51 million in a Series D financing round led by experienced GovTech investors Weatherford Capital and 8VC, with participation from existing investor Andreessen Horowitz.
In July 2019, OpenGov Adds Katherine August-deWilde to Board of Directors, the fifth and latest high-profile executive to join OpenGov’s Board of Directors.
In March 2019, OpenGov names new President and two new experienced Advisers. The company's chief revenue officer will become the president, while Risk Management Solutions CEO Karen White and Premise CEO Maury Blackman, who formerly led Accela, will come on as advisers.
OpenGov Inc. Risks and Challenges
The Company's recent changes in leadership will shape up the strategy for the company in the future.
OpenGov Inc. Ecosystem, Partners, Resellers and SI
OpenGov’s partner network brings agencies the skills and technology they need to succeed with The OpenGov Cloud. Some of them are Workiva, Amazon Web Services (AWS), eCapital Advisors, STW Inc., AppGeo, Soma Global, Community Data, and others.
OpenGov 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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