GTY Technology’s Questica Budgeting Solution Continues Its Winning Streak, Onboarding New Government, Education, and Healthcare Organizations onto Its Client Roster

▤ Summary

“The velocity of Questica’s wins is a reference point that highlights that we are at a watershed moment in the life-cycle of the state & local government market,” said Stephen Rohleder, Chairman and CEO of GTY. “By joining together with Dave Farrell and his team at Sherpa Government Solutions through the GTY transaction, we look forward to bringing the best of our organizations together so we can support even more public sector customers looking to modernize their budgeting process,” said Parass. Through its six subsidiaries, 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 spend; 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; and Sherpa provides public sector budgeting software and consulting services. Factors that may cause such differences include, but are not limited to: the risk that GTY’s recent business combination disrupts current plans and operations; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of GTY and its subsidiaries to grow and manage growth profitably and retain their key employees; costs related to the business combination; the outcome of the New York and California lawsuits among the Company, OpenGov, Inc. and the other parties thereto; changes in applicable laws or regulations; the possibility that GTY may be adversely affected by other economic, business, and/or competitive factors; any government shutdown which impacted the ability of customers to purchase GTY’s products and services; and other risks and uncertainties included in the final proxy statement/prospectus filed by GTY with the Securities and Exchange Commission (the “SEC”) on January 31, 2019, including those under “Risk Factors” therein, and in GTY’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.

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