INSUBCONTINENT EXCLUSIVE:
licenses related to those rules and regulations.The terms of the deal have not been disclosed
was started under the premise of building enterprise-grade solutions for the public sector that took into consideration some of the
particularly bureaucratic aspects of public sector business, but at the same time provided solutions that worked as well (if not better for
customers can use to manage and provision applications and licenses for things like building codes, an often thorny area rife with paperwork
bring efficiency, transparency, and civic engagement to public agencies
OpenGov is the leading enterprise cloud software company in the GovTech sector, and we could not be more thrilled at the opportunity to join
established a fairly narrow remit
but it has also built a solid business from that place, claiming customer retention of 98%
of predictable and recurring revenue
work-related tasks more efficient
tackle, but longer term that will also mean more consolidation as bigger companies look to diversify and expand their platforms, and smaller
startups find it harder to scale
That could spell more acquisitions for OpenGov, which is backed by some $140 million with investors including Weatherford Capital, 8VC
(whose founder, Joe Lonsdale, is also a co-founder of OpenGov), Andreessen Horowitz, JC2 Ventures and Emerson Collective (the investment
firm connected to Laurene Powell Jobs).
