GTY Know-how Holdings Inc. Announces Completion of Merger with GI Associates | Business enterprise
BOSTON–(Business WIRE)–Jul 7, 2022–
GTY Technological know-how Holdings Inc. (NASDAQ: GTYH) (“GTY” or the “Company”), a foremost company of cloud program alternatives for the general public sector and GI Partners, a top personal expense organization, today introduced the completion of GTY’s acquisition by an affiliate of GI Associates (together with sure affiliated entities, “GI”) for $6.30 per share of GTY frequent stock in funds. The transaction was declared on April 29, 2022 and gained acceptance from shareholders on June 30, 2022. As a consequence of the transaction, GTY is now a privately-held enterprise and GTY popular stock will no for a longer time be stated on any public market. By means of August 6, 2022, each individual community warrant that was unexercised and superb right away prior to the closing will be exercisable for $.71 per share lined by a public warrant, in accordance with the conditions of the warrants.
About GTY Technological innovation Holdings Inc.
GTY provides main public sector technology providers jointly to reach a new common in stakeholder engagement and resource management. As a result of its 6 business enterprise units, GTY provides an intuitive cloud-centered suite of remedies for state and local governments, training institutions, and health care companies spanning features in procurement, payments, grant administration, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software package to empower self-confident and compliant shelling out decisions CityBase supplies governing administration payment methods to hook up constituents with utilities and federal government organizations eCivis presents a grant administration program to increase grant revenues and observe effectiveness OpenCounter gives user-welcoming software package to manual applicants by way of advanced permitting and licensing techniques Questica provides finances preparing and administration application to provide on money and non-money strategic aims Sherpa delivers public-sector budgeting computer software and consulting services.
About GI Partners
Launched in 2001, GI Companions is a private financial commitment firm with above 130 workforce and offices in San Francisco, New York, Chicago, Greenwich, Scottsdale, and Dallas. The business has belongings less than management totaling $35 billion and invests on behalf of main institutional buyers all around the entire world by means of its non-public equity, actual estate, and details infrastructure strategies. The personal equity team invests largely in organizations in the healthcare, IT infrastructure, products and services, and software program sectors. The serious estate staff focuses largely on technologies and existence sciences attributes as effectively as other specialised forms of genuine estate. The info infrastructure workforce invests primarily in really hard asset infrastructure corporations underpinning the digital economy. For additional details, you should pay a visit to www.gipartners.com.
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Call: GTY Firm Contacts:
877-465-3200GI Partners Contacts:
Chris Tofalli Public Relations LLC
[email protected] Robinson
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Source: GTY Technologies Holdings Inc.
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PUB: 07/07/2022 09:14 AM/DISC: 07/07/2022 09:14 AM
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