BOSTON–(Organization WIRE)–Jul 7, 2022–
GTY Know-how Holdings Inc. (NASDAQ: GTYH) (“GTY” or the “Company”), a major supplier of cloud computer software remedies for the public sector and GI Companions, a top non-public financial commitment business, currently introduced the completion of GTY’s acquisition by an affiliate of GI Partners (alongside one another with sure affiliated entities, “GI”) for $6.30 for each share of GTY typical stock in hard cash. The transaction was declared on April 29, 2022 and obtained approval from shareholders on June 30, 2022. As a result of the transaction, GTY is now a privately-held company and GTY common inventory will no more time be detailed on any community industry. By way of August 6, 2022, just about every community warrant that was unexercised and exceptional promptly prior to the closing will be exercisable for $.71 for each share protected by a community warrant, in accordance with the terms of the warrants.
About GTY Technology Holdings Inc.
GTY brings major general public sector technological innovation organizations alongside one another to reach a new standard in stakeholder engagement and source administration. Through its 6 company models, GTY gives an intuitive cloud-based mostly suite of options for state and neighborhood governments, training establishments, and healthcare organizations spanning functions in procurement, payments, grant management, budgeting, and allowing: Bonfire supplies strategic sourcing and procurement application to permit confident and compliant shelling out choices CityBase provides authorities payment answers to connect constituents with utilities and governing administration companies eCivis gives a grant administration technique to maximize grant revenues and observe functionality OpenCounter provides person-pleasant software package to tutorial candidates by complex permitting and licensing procedures Questica features price range preparing and management computer software to supply on fiscal and non-financial strategic objectives Sherpa supplies public-sector budgeting program and consulting products and services.
About GI Partners
Founded in 2001, GI Associates is a personal financial commitment agency with in excess of 130 employees and offices in San Francisco, New York, Chicago, Greenwich, Scottsdale, and Dallas. The agency has belongings underneath administration totaling $35 billion and invests on behalf of leading institutional buyers all-around the environment by means of its private equity, real estate, and details infrastructure strategies. The private fairness crew invests principally in companies in the health care, IT infrastructure, companies, and software sectors. The genuine estate team focuses generally on technologies and everyday living sciences houses as well as other specialized forms of actual estate. The info infrastructure crew invests principally in challenging asset infrastructure corporations underpinning the digital overall economy. For a lot more information, make sure you check out www.gipartners.com.
Perspective source variation on businesswire.com:https://www.businesswire.com/news/house/20220707005442/en/
Make contact with: GTY Corporation Contacts:
877-465-3200GI Companions Contacts:
Chris Tofalli Public Relations LLC
[email protected] Robinson
Key phrase: UNITED STATES NORTH The us CANADA MASSACHUSETTS
Marketplace Search term: Technologies FINANCE CONSULTING BANKING OTHER Technological innovation Qualified Companies Program NETWORKS OTHER Qualified Solutions
Source: GTY Technological know-how Holdings Inc.
Copyright Company Wire 2022.
PUB: 07/07/2022 09:14 AM/DISC: 07/07/2022 09:14 AM
Copyright Business enterprise Wire 2022.