GTY Technologies, a Boston, MA-based provider of cloud-based solutions for the public sector, acquired Ion Wave Technologies a Springfield, MO-based provider of a digital SaaS solutions for the public sector.
The amount of the deal was not disclosed.
With the acquisition, GTY Technology will combine resources from Ion Wave and its subsidiary, Bonfire, to improve the solutions and customer experience public sector procurement agencies actually need. Furthermore, this acquisition enables GTY to expand into a new business category – K-12 education administration – with Ion Wave’s SpedTrack solution.
Led by CEO Darren Henderson, Ion Wave is a leader in government procurement that offers exceptional sourcing software and a network of suppliers for buyers. The solution provides sourcing tools designed for government agencies, insightful and data reporting, and an overall simplified sourcing process for government procurement teams. The acquisition also includes Ion Wave’s SpedTrack product, a mission-critical software solution for school districts to manage special education programs. Both Ion Wave and SpedTrack will continue to be offered under the GTY umbrella of products. GTY’s SaaS solutions provide digital tools for back-office workflows spanning grants, permits, procurement, payments, and budget, all specifically designed for the public sector.
Led by CEO TJ Parass, GTY Technology provides a cloud software platform to deliver modern solutions for state and local governments, education institutions and healthcare organizations. Built for the public sector, the suite of solutions support the policy, regulation and compliance requirements unique to the public sector. Public Administrative solutions for budgeting (Questica and Sherpa), grants management (eCivis) and procurement solutions for both government buyers and suppliers (Bonfire) and (DemandStar) to modernize the end-to-end sourcing process and improve efficiency, transparency and collaboration. Civic Engagement solutions for payments (CityBase) and permits (OpenCounter) deliver efficiencies while improving citizen access and satisfaction. More than 3,000 agencies across North America leverage its solutions.
With Bonfire’s acquisition of DemandStar in December 2022, they now maintain a network of over 500,000 suppliers. With Bonfire and Ion Wave working in tandem, GTY will have a large buyer-supplier networks in North America servicing approximately 2,200 agencies and 700,000 suppliers.
FinSMEs
23/01/2023