GTY Major Move to Acquire Technological Companies

The GTY organization decided to acquire some government technology companies. These companies can take maximum advantage of the marketing power that they will get because of their merger with GTY, hence making more profits. The government can also easily access any services they may need from GTY. The organization will get six government tech companies. These will cost the GTY Holdings 497 million dollars. Three of these companies are among the 100 best government tech companies.

Since August 2016, after the founding of GTY Holding, it has raised 552 million dollars through various acquisitions. The company aims to finish the process of acquiring the six companies by 2019. This is because the company believes that these acquisitions will help them offer the best services to their customers. GTY CEO, Stephen Rohleder stated that all their plans would help them achieve their vision of having a digital city. Various soft wares will improve the customers’ experiences. The soft wares will also improve office operations of the work environment.

The following are the six companies that GTY will acquire:
• Bonfire Interactive Ltd is a company that develops a tool that makes decisions. The tool helps buyers to evaluate price quotes by their suppliers before accepting them. Bonfire is in Canada.
• City Base Inc., based in Chicago majors in technology where by it builds websites and comes up with various phone applications.
• eCivis Inc. in California offers a grants software to all the governments.
• Open Counter Enterprises Inc. has soft wares that help those applying with the complicated permits and licenses. s
• Questica Inc. designs a software that manages the budget. It also develops a tool that manages objectives and data. This company is also in Canada.
• Sherpa Government Solutions offers a software that helps the public to budget.
Questica, Open Counter, and City Base are among the top 100 technology companies.
The six tech companies have 1500 organizations that use their services. Although, the companies under GTY will be like one company, each of them will retain its brand. The CEOs to these companies will still act as CEOs for their companies under GTY. The companies will maximize their profits.

The companies that GTY bought consider this move a way that GTY realized their potential as individual companies. This also improves the technology and makes it stronger. Once the GTY accomplishes its mission of acquiring these companies, it will have a profit of 237million dollars.