GTY Technologies Holdings Inc. Announces Completion of Merger with GI Companions | Business

BOSTON–(Business enterprise WIRE)–Jul 7, 2022–

GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY” or the “Company”), a main service provider of cloud computer software methods for the community sector and GI Associates, a foremost private investment decision agency, right now introduced the completion of GTY’s acquisition by an affiliate of GI Associates (together with certain affiliated entities, “GI”) for $6.30 for every share of GTY typical inventory in funds. The transaction was introduced on April 29, 2022 and obtained approval from shareholders on June 30, 2022. As a end result of the transaction, GTY is now a privately-held enterprise and GTY prevalent inventory will no more time be mentioned on any public industry. By way of August 6, 2022, each and every public warrant that was unexercised and outstanding straight away prior to the closing will be exercisable for $.71 per share lined by a general public warrant, in accordance with the terms of the warrants.

About GTY Engineering Holdings Inc.

GTY provides leading general public sector technological innovation providers with each other to realize a new regular in stakeholder engagement and resource management. As a result of its six enterprise models, GTY presents an intuitive cloud-dependent suite of solutions for condition and area governments, schooling establishments, and health care businesses spanning capabilities in procurement, payments, grant management, budgeting, and allowing: Bonfire provides strategic sourcing and procurement program to enable assured and compliant paying decisions CityBase presents authorities payment answers to link constituents with utilities and governing administration businesses eCivis delivers a grant management procedure to increase grant revenues and observe general performance OpenCounter gives consumer-pleasant program to information applicants by means of sophisticated allowing and licensing treatments Questica presents budget preparation and administration application to supply on fiscal and non-financial strategic targets Sherpa supplies general public-sector budgeting application and consulting services.

About GI Associates

Started in 2001, GI Companions is a personal investment decision agency with around 130 personnel and places of work in San Francisco, New York, Chicago, Greenwich, Scottsdale, and Dallas. The company has assets underneath management totaling $35 billion and invests on behalf of foremost institutional investors about the world by its private equity, authentic estate, and information infrastructure tactics. The personal fairness crew invests largely in businesses in the healthcare, IT infrastructure, solutions, and program sectors. The actual estate team focuses generally on technological know-how and everyday living sciences qualities as well as other specialised forms of authentic estate. The data infrastructure crew invests generally in hard asset infrastructure businesses underpinning the digital economic system. For extra information and facts, remember to pay a visit to www.gipartners.com.

Watch supply model on businesswire.com:https://www.businesswire.com/information/household/20220707005442/en/

Get hold of: GTY Firm Contacts:

Investor Relations

[email protected]

877-465-3200GI Associates Contacts:

Chris Tofalli

Chris Tofalli Public Relations LLC

914-834-4334

[email protected] Robinson

GI Partners

[email protected]

Search term: UNITED STATES NORTH The united states CANADA MASSACHUSETTS

Sector Keyword: Engineering FINANCE CONSULTING BANKING OTHER Technological innovation Expert Companies Program NETWORKS OTHER Expert Products and services

Source: GTY Technology Holdings Inc.

Copyright Small business Wire 2022.

PUB: 07/07/2022 09:14 AM/DISC: 07/07/2022 09:14 AM

http://www.businesswire.com/information/property/20220707005442/en

Copyright Organization Wire 2022.

Simonne Stigall

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