May 22, 2020
(Boston, Massachusetts,May 22, 2020) — GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”), a leading provider of SaaS/Cloud solutions for the public sector, announced today that between its business units, Bonfire (a leading provider of sourcing and procurement software) and eCivis, (the leading cloud-based grant management system for state, local and tribal governments), the company so far has been able to support more than 350 government organizations. These organizations range from public libraries and non-profits to Tribes, cities, townships, public safety, state governments, and more.
“We’re glad to able to offer COVID-19 emergency response resources free of charge to these public sector organizations,” said TJ Parass, CEO and President of GTY Technology. “At a time when governments are experiencing massive revenue declines and expenditure increases, they’re having to make incredibly difficult decisions concerning personnel costs, capital spending, and more. That’s why it was especially important to us that we provide tools and resources to help ease the procurement of essential items and services while efficiently navigating every grant funding opportunity.”
Over 50 public agencies across North America, spanning K-12 school districts, higher education institutions, city, state, and special districts, have accessed Bonfire’s COVID-19 Emergency Response Program. The Program is addressing their procurement needs during this crisis while many are still in a remote working environment, making traditional procurement processes even more challenging. In addition to using Bonfire to more effectively source and manage current procurement projects, most agencies are using Bonfire to rapidly source equipment and materials that address public health and safety during COVID-19. The 50+ agencies accessing the Emergency Response Program are digitally sourcing hand sanitizing stations at schools, hazardous environment clothing for county frontline workers, security services across cities, water testing equipment, printing equipment for the delivery of K-12 math modules, and more.
eCivis’ COVID-19 Funding Toolkit has helped hundreds of state, city, county, territory, and Tribal governments maximize every grant dollar available to them through the CARES Act by providing the ability to clearly identify COVID-19-related grants through tagging; determine what can be re-allocated to existing grant programs toward COVID-19 response; and keep compliant with the latest OMB grant guidance. Rather than having to scour grants.gov, which is time consuming and inefficient, governments can use eCivis’ tools to speed up the process and take back that time to deliver much needed aid to their communities.
For more information about GTY Technology, the GTY family of companies, or investment opportunities, visit www.gtytechnology.com.
About GTY Technology Holdings Inc.
GTY Technology Holdings Inc.(NASDAQ: GTYH) (“GTY”) brings leading 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 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. 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) our ability to consummate any proposed transaction with respect to our previously announced review of strategic alternatives; (2) the lack of actionable alternatives that have been identified in connection with the strategic alternative review; (3) risks relating to the substantial costs and diversion of personnel’s attention and resources due to the strategic alternative review;(4) our failure to generate sufficient cash flow from our business to make payments on our debt; (5) our ability to raise or borrow funds on acceptable terms; (6) changes in applicable laws or regulations; (7) the possibility that the company may be adversely affected by other economic, business, and/or competitive factors; (8) the impact of the coronavirus outbreak, or similar global health concerns, on our operations and customer base, particular budgetary constraints on our municipal customers due to substantial emergency expenses; and (9) other risks and uncertainties included in the company’s Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent filings made 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.