Edmunds GovTech Announces a Significant Growth Investment from | News & Insights
Summary
NORTHFIELD, NJ and BOSTON, MA Edmunds GovTech (EGT), a leading provider of ERP software solutions to local government, today announced a significant growth investment from TA Associates (TA or the Firm), a leading global private equity firm. Its products and services are specifically tailored to meet municipality needs, with a focus on increasing efficiencies in the areas of financial accounting, budgeting, revenue collection, personnel management, and permitting & code enforcement. The partnership will provide expansion capital and valuable guidance to EGTs team, helping the Company to bolster innovation and expedite the completion schedules of several key projects.EGT has firmly established itself as a key player in the ERP software market, providing innovative solutions that enable local governments to streamline operations, increase productivity and put their citizens first, said Ashutosh Agrawal, Managing Director at TA. We see significant opportunities to build upon the Companys strong product offering and look forward to working with Bob and LLR to accelerate geographic expansion and unlock expanded customer value.During the first five years of our partnership, EGT has more than doubled its client base of local government agencies as the result of continuous innovation, organic growth and transformative acquisitions, said David Reuter, partner at LLR Partners. We look forward to working with Bob and the teams at both EGT and TA to help the company capitalize on its next growth opportunity.The financial terms of the investment were not disclosed.
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