September 17, 2019
(AUSTIN, TEXAS, September 17, 2019) – GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”), a leading provider of SaaS/Cloud solutions for the public sector, announced today that its business unit eCivis, a leader in grants management solutions, has expanded its enterprise capabilities with a full service offering that combines professional services with its existing software solution.
The full service offering, called Fund Maximization, is a combination of eCivis’ grants management system (Grants Network) and cost allocation software (Allocate) along with professional services that include management of the full lifecycle of cost allocation and reimbursement activities.
“This new full service solution extends our eCivis SaaS solutions with an offering that delivers tangible value back into government operating funds,” said Stephen Rohleder, President, CEO and Chairman of GTY. “This combination of product and service offerings is a result of eCivis’ proven public sector experience and ability to innovate to meet and exceed our client needs.”
Customers now have the ability to properly allocate costs, calculate and manage indirect cost rates, and produce fully compliant cost reporting. eCivis has had early wins in California and Texas with customers recognizing value in weeks of implementing the new offering.
“Our new services offering has been well received from our clients because it maximizes funding without increasing taxes or service fees to citizens,” said James Ha, CEO at eCivis. “It helps effectively navigate an area of government administration that has been impacted by new federal compliance requirements over the last several years.”
To learn more about eCivis’ new full-service offering visit www.ecivis.com.
Since 2000, eCivis has been most trusted and widely used SaaS grant management system by state, local and tribal governments. eCivis helps thousands of government agencies maximize their grant revenues, track their financial and program performance, prepare cost allocation plans and budgets, and access free open data tools to make sense of Federal data. www.ecivis.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 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; Open Counter provides government payment 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.
This press 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 and anticipated impacts of the business combination. 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 ability to recognize the anticipated benefits of GTY’s recent business combination transaction, which may be affected by, among other things, competition, the ability of the company to grow and manage growth profitably and retain its key employees; (2) costs related to the business combination; (3) the outcome of the New York and California lawsuits among the company, OpenGov, Inc. and the other parties thereto; (4) the inability to maintain the listing of the company’s common stock on The Nasdaq Stock Market; (5) changes in applicable laws or regulations; (6) the possibility that the company may be adversely affected by other economic, business, and/or competitive factors; (7) any government shutdown which impacts the ability of the company’s customers to purchase its products and services; and (8) other risks and uncertainties included in the company’s registration statement on Form S-1 (File No. 333-229926), including those under “Risk Factors” therein, and in the company’s other filings with the SEC. 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.
Senior Vice President, Corporate Development, GTY
Business Development Director, eCivis