Asian Surveying & Mapping
Breaking News
Neo Space Group Completes Acquisition of UP42 from Airbus Defence and Space
Neo Space Group (NSG) has officially finalized its acquisition...
Launch of Australia’s 1st orbital rocket, Gilmour Space’s Eris-1, delayed again
Update for 6:15 p.m. ET on July 1: Gilmour Space...
SAASST, UAE Space Agency strengthen scientific partnership
SHARJAH- Prof. Hamid M.K. Al Naimiy, Director of the...
Shubhanshu Shukla to speak to students and ISRO scientists this Friday
Indian astronaut Shubhanshu Shukla will interact with school students...
ISRO hands over 10 advanced technologies to Indian firms in major push for space commercialisation
The Indian Space Research Organisation (ISRO) has transferred ten...
DIGIPIN Launched: India Embraces Geospatial Precision in Digital Addressing
IIT Hyderabad (IITH), in partnership with the Department of...
HAL to build, market Isro’s SSLV in landmark deal
New Delhi, Jun 20: In a historic move for...
Taiwan developing space capabilities for all-weather imaging
TAIPEI (TVBS News) — Taiwan is advancing its space...
Honda hails successful test of reusable rocket as it looks to get into the space business
Tokyo — Japan's second-biggest carmaker, Honda, has successfully tested...
China’s space program provides larger platform for broader international cooperation
BEIJING -- Experts from China's manned space program said...
  • Sep 28, 2022
  • Comments Off on OpenGov Makes Gains with Larger Governments and School Districts, Closes Cartegraph Deal, and Strengthens Leadership Team with Notable New Hires
  • Corporate, News
  • 267 Views

September 28th, 2022
OpenGov Makes Gains with Larger Governments and School Districts, Closes Cartegraph Deal, and Strengthens Leadership Team with Notable New Hires

SAN JOSE, Calif. OpenGov, the leader in modern cloud software for U.S. local governments, state agencies, schools, and special districts, recorded strong growth in the first half of 2022. The company also acquired operations and asset management leader Cartegraph, raised additional capital to fuel commercial growth and R&D investment, and made key leadership hires.

OpenGov’s revenue grew 23% (year over year) in the first half of 2022. OpenGov made significant gains with larger governments and agencies with its Budgeting & Planning, Procurement, and Citizen Services Suites, including Rochester, NYKansas City, MOSonoma County, CA, Florida Department of Corrections, Jersey City Public Schools, and Sacramento Housing and Redevelopment Agency.

On September 1OpenGov’s acquisition of Cartegraph officially closed and the company solidified its over $1 billion dollar valuation – a notable achievement in an environment of ongoing investor uncertainty. OpenGov’s momentum underscores the strength of the govtech market with unprecedented federal funding for state and local investments – most recently with the $1.2 trillion Infrastructure Investment and Jobs Act, which provides for the purchasing of software for the administration of core government functions. Federal funding, the move from manual to digital workflows taking place in government agencies across the U.S., and strategic investments put OpenGov on a path of accelerated growth.

“There has never been a better time to modernize our nation’s governments, and we have been investing to grow the OpenGov Cloud to ensure that every government leader has the best solutions to serve the critical needs of their communities. We are thrilled to formally welcome Cartegraph and begin to collaborate on how we can jointly serve the strategic, financial, services, and infrastructure asset management needs of our over 1,800 shared customers.” said Zac Bookman, CEO of OpenGov

The deal was financed by a funding round from existing investors, including Cox Enterprises. Davis Roberson, AVP of Strategy & Investments for Cox Enterprises, was also elected to the Board of Directors. “Cox Enterprises is excited to deepen our partnership with OpenGov. We see the need for OpenGov’s industry-leading, modern cloud software and share its mission to power more effective and accountable local government,” said Roberson.

In addition to Mr. Roberson’s board appointment, OpenGov made a number of key leadership hires. Notable additions include: Thiago Sá Freire, President of Field Operations, who brings a wealth of leadership experience from Chorus.ai, Huddle, Oracle, and Responsys; and Suresh Seshadri, Chief Financial Officer, who brings over 15 years of Enterprise Software and B2B SaaS Finance leadership experience across Microsoft, VMware, AppDynamics and Freshworks. The company has also recruited key leaders with deep enterprise SaaS experience in Strategic Finance, Field Sales, Operations and Enablement functions.

About OpenGov

OpenGov is the leader in modern cloud software for our nation’s cities, counties, and state agencies. With a mission to power more effective and accountable government, OpenGov serves more than 1,800 agencies across the U.S. and is built exclusively for the unique budgeting, procurement, asset management, and citizen services needs of the public sector. The OpenGov Cloud makes organizations more collaborative and efficient and enables best-in-class communication with stakeholders and community.

SOURCE OpenGov