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GTY Engineering Holdings Inc. Announces Completion of Merger with GI Associates | Enterprise

GTY Engineering Holdings Inc. Announces Completion of Merger with GI Associates | Enterprise

BOSTON–(Business WIRE)–Jul 7, 2022–

GTY Technologies Holdings Inc. (NASDAQ: GTYH) (“GTY” or the “Company”), a top company of cloud program options for the general public sector and GI Associates, a foremost personal expenditure agency, right now declared the completion of GTY’s acquisition by an affiliate of GI Associates (with each other with particular affiliated entities, “GI”) for $6.30 for each share of GTY popular inventory in funds. The transaction was announced on April 29, 2022 and received acceptance from shareholders on June 30, 2022. As a outcome of the transaction, GTY is now a privately-held organization and GTY typical inventory will no more time be detailed on any community market place. By August 6, 2022, each community warrant that was unexercised and outstanding instantly prior to the closing will be exercisable for $.71 per share covered by a community warrant, in accordance with the phrases of the warrants.

About GTY Technology Holdings Inc.

GTY brings leading general public sector technological know-how firms together to achieve a new regular in stakeholder engagement and source administration. By its six business units, GTY presents an intuitive cloud-dependent suite of methods for state and nearby governments, instruction establishments, and healthcare businesses spanning capabilities in procurement, payments, grant management, budgeting, and allowing: Bonfire delivers strategic sourcing and procurement software package to allow confident and compliant spending choices CityBase gives federal government payment methods to hook up constituents with utilities and governing administration organizations eCivis presents a grant administration method to improve grant revenues and track performance OpenCounter delivers consumer-helpful software package to manual candidates through complicated allowing and licensing techniques Questica gives spending plan preparing and management computer software to supply on monetary and non-monetary strategic aims Sherpa presents general public-sector budgeting program and consulting services.

About GI Companions

Established in 2001, GI Partners is a private expense business with in excess of 130 staff and workplaces in San Francisco, New York, Chicago, Greenwich, Scottsdale, and Dallas. The firm has assets less than administration totaling $35 billion and invests on behalf of top institutional traders all over the environment by way of its non-public fairness, authentic estate, and information infrastructure approaches. The private fairness workforce invests mainly in businesses in the health care, IT infrastructure, companies, and computer software sectors. The authentic estate workforce focuses principally on technology and everyday living sciences attributes as effectively as other specialised types of serious estate. The information infrastructure team invests principally in hard asset infrastructure companies underpinning the electronic financial system. For more details, remember to take a look at

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Contact: GTY Enterprise Contacts:

Investor Relations

[email protected]

877-465-3200GI Companions Contacts:

Chris Tofalli

Chris Tofalli Community Relations LLC


[email protected] Robinson

GI Partners

[email protected]


Marketplace Keyword: Technological innovation FINANCE CONSULTING BANKING OTHER Engineering Skilled Companies Program NETWORKS OTHER Specialist Solutions

Source: GTY Technological innovation Holdings Inc.

Copyright Organization Wire 2022.

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

Copyright Enterprise Wire 2022.