GTY Announces Strategic Partnership with Carahsoft Technology Corp. to Provide Leading SaaS and Cloud Solutions to Public Sector
Summary
Under the agreement, Carahsoft will be authorized to carry all GTY products on its extensive list of contract vehicles as well as provide sales, marketing and order management support to deliver GTY’s best-of-breed solutions to the public sector. “This strategic partnership with a highly respected industry leader like Carahsoft allows us to expand our footprint in our key public sector markets while optimizing the procurement experience for our customers,” said Stephen Rohleder, Chairman, and CEO of GTY. 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; 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. The company’s dedicated Solutions Divisions proactively market, sell and deliver GTY, VMware, Amazon Web Services (AWS), Palo Alto Networks, Symantec, Veritas, McAfee, Dell, Adobe, F5 Networks, Google Cloud, ServiceNow, Open Source, Micro Focus Government Solutions, SAP, Salesforce, and Innovative and Intelligence products and services, among others. 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.