April 17, 2020
(Las Vegas, Nevada, April 17, 2020) — GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”), a leading provider of SaaS/Cloud solutions for the public sector, announced today its plans to support public sector organizations as the COVID-19 crisis continues to impact North America.
“In uncertain times like these, our society relies on the support of the public sector like never before, and we want to help,” said TJ Parass, CEO and President of GTY Technology. “Not only are public agencies under incredible pressure as their constituents turn to them for help in this time of need, but many are adjusting to a new and unfamiliar reality of working in a remote environment. With only 5% of government operations currently on the cloud, this transition risks major disruptions to public institutions like state and local governments, schools, and public healthcare. We couldn’t just sit idly by and let that happen.”
To help mitigate disruptions to much-needed public services, each business unit of the GTY family of companies has announced its plans to help bring public sector operations online quickly and without financial impact in the midst of this global health crisis.
Bonfire, a leading provider of sourcing and procurement software, has developed a COVID-19 Emergency Response program to offer its platform for free to public sector organizations in North America. As procurement teams work around-the-clock behind-the-scenes to procure everything from hand sanitizing stations to online learning platforms to hospital ventilators, Bonfire is ensuring that these mission-critical procurements happen quickly and compliantly.
CityBase, which builds technology that modernizes the way people find, apply, and pay for public services, is working with state and local government clients to quickly launch online COVID-19 related programs. The initiatives include economic relief applications, employee readiness surveys, charitable donation collection, and innovation grants. To support programs like these and others, CityBase is offering case management software for free to state and local governments for a period of time. Find related resources at thecitybase.com/covid.
eCivis, the leading cloud-based grant management system for state, local, and tribal governments, understands that grants and recovery will be even more essential with the release of the CARES Act stimulus package. eCivis has developed a free COVID-19 Funding Toolkit to help local and tribal governments as well as non-profits maneuver through the challenging times ahead and maximize every grant dollar. The toolkit is a turnkey, easy-to-implement solution designed to help identify the stimulus funding, coordinate projects and ensure compliance in financial reporting.
OpenCounter is offering 3 months of free service to all new customers in 2020. With its permitting and licensing platform, OpenCounter enables local governments to continue providing critical services to the businesses and residents in their communities, online.
Questica, an industry-leading provider of budget, performance, and transparency solutions for the public sector is offering the Questica OpenBook transparency and citizen engagement solution at no cost to all public sector organizations through to September 30, 2020. Create dashboards and powerful visualizations to share financial or budgetary information and important statistics, such as the allocation of emergency funds or the number of sick people in the community. Questica OpenBook makes it easy to share visuals in virtual meetings, on websites, or via social media. Learn more in the COVID-19 Resource Centre.
For more information about GTY Technology, the GTY family of companies, or investment opportunities, visit www.gtytechnology.com.
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 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 consummate any proposed transaction with respect to the previously announced review of strategic alternatives; (2) the lack of actionable alternatives being 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) the failure to generate sufficient cash flow from the company’s business to make payments on its debt; (5) the 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; and (9) 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, including the company’s Annual Report on Form 10-K for the year ended December 31, 2019. 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.