Press release

GTY Technology and Grant Thornton Team to Accelerate Public Sector Digital Transformation

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GTY Technology Holdings Inc. (Nasdaq: GTYH) (“GTY”), a leading provider of SaaS/Cloud solutions for the public sector, announced today that they will partner with Grant Thornton Public Sector, LLC to help state and local governments increase efficiency and mission effectiveness by moving their operations to the cloud.

“The gov tech market is the perfect storm of citizen demand for better digital experiences and the saturation of SaaS solutions attempting to meet those demands,” said Stephen Rohleder, President, CEO and Chairman of GTY. “Teaming up with Grant Thornton allows us to ensure state and local governments have the most capable and comprehensive cloud solutions at their disposal in the midst of this perfect storm.”

GTY offers software that helps public-sector organizations improve processes like procurement, payments, grants management, budgeting and permitting. This new partnership combines GTY’s technology with Grant Thornton’s implementation capabilities – including consulting services in areas like budget analytics, compliance services and data analytics.

Grant Thornton is the preferred implementer of the following GTY software-as-a-service (SaaS) offerings:

  • eCivis, Inc., a cloud-based grants management system provider for state, local and tribal governments, offers comprehensive grants management solutions to maximize grant revenues, track financial and program performance, and prepare cost allocation plans and budgets. With the acquisition of CostTree, a leading provider of SaaS cost allocation and cost management solutions for the public sector, eCivis’ cost allocation solutions expand into new areas of financial management that are not addressed by ERPs and general ledger systems. Features include indirect cost calculations, management of negotiated rate proposals and rates, and the ability to produce formal cost plans and reports, allowing governments to make more informed choices and drive more significant organizational and community impact.
  • GTY Budget, a cloud-based budgeting software offering budgeting solutions for state and local governments. GTY Budget has comprehensive out-of-the-box features that are highly configurable to meet the unique needs of the public sector. In addition, GTY budget provides tools and services that include business process consulting, software implementation, reporting, publishing and ERP integration.

“Public entities need to maximize performance and service delivery – and moving their operations to the cloud is a great way to do that,” said Doug Doerr, principal with Grant Thornton Public Sector. “Working with GTY, we can help state and local governments use the cloud to deliver improved citizen experiences through more efficient operations.”

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; 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.

About Grant Thornton Public Sector, LLC

Grant Thornton Public Sector, LLC helps executives and managers at all levels of government maximize their performance and efficiency in the face of limited resources and increased demand for services. It gives clients creative, cost-effective solutions that enhance their acquisition, financial, human capital, information technology, data analytics, and performance management. Grant Thornton Public Sector LLC’s commitment to public sector success is burnished by a widely recognized body of thought leadership analyzing and recommending solutions to government’s greatest challenges. Based in the Washington, D.C., metropolitan area and with a presence in more than 35 cities around the country, Grant Thornton Public Sector serves federal, state and local governments.

About Grant Thornton LLP

Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.8 billion and operates 58 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.

Forward-Looking Statements

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.