Funding Gov Tech
Exploring the new landscape for funding and sustaining your gov tech investments
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From the basics of technology funding models to exploring new, innovative public-private partnership models, this initiative will provide a wealth of information relevant to anyone involved in the budgeting, procurement, or management of government technology.
The money, allocated by a budget trailer bill, will enable the California State Payroll System Project to hire a system integrator. The initiative, underway since 2016, will replace a significant piece of legacy.
The company offers the Gravity platform and sells budgeting, compliance and other tools to local and state governments. A gov tech veteran will join the board of directors following the growth equity investment.
As the deal closes, Civica is eyeing more growth, including perhaps to the U.S., where it already has a presence. State and local governments, along with courts and schools, use the company’s software.
In the May revision of his proposed 2024-2025 fiscal year state budget, Gov. Gavin Newsom called for $2 billion in cuts to rolling out high-speed Internet. It’s possible, he said, “to actually achieve similar goals at a lower cost.”
The year ’s first quarter saw 2024 off to a sound start in gov tech transactions, with notable deals involving OpenGov, Axon, gWorks and Springbrook, according to market expert Jeff Cook.
Procurated, a procurement marketplace for state and local agencies, has officially launched its Canary supplier review tool after a quiet debut. The company’s CEO discusses the thinking behind the product’s design.
This is the first acquisition for OpenGov since Cox Enterprises took control of the company in a February deal that valued the gov tech firm at $1.8 billion. OpenGov plans a new suite of tax and revenue products.
Gov. Gavin Newsom signed legislation Monday on an early action budget null among legislative leaders that will cut the shortfall by about $17.3 billion — and return millions for tech to the general fund.
The procurement software vendor could soon have a bigger presence in local contracting, according to the CEO. The funding comes among other changes for companies in procurement.
The two gov tech vendors have built a large online library of public contracts. The goal is to make it easier for suppliers and public agencies to study and evaluate contracts, and craft the best deals.
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SponsoredOver the past year, as state and local government agencies have met the challenges brought on by the pandemic, there’s been an increased focus on cloud migration, cybersecurity, the digital divide, and smart city initiatives.
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