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eCivis, a leading SaaS grants management solution, has launched a new program to streamline ARPA grants management and ensure compliance with federal guidelines. The American Rescue Plan Act provides $350 billion to support government recovery efforts. eCivis' ARPA Program simplifies the application and reporting process for state, local, and tribal governments, minimizing compliance risks and easing the management burden on finance teams. The program includes access to certified experts and a user-friendly template reflecting current regulations.
GTY Technology Holdings Inc. (NASDAQ: GTYH) announced a collaboration with 95 public sector organizations in
The City of Chicago has partnered with CityBase to introduce over 70 self-service payment kiosks across Greater Chicago. This expansion, which adds 52 new kiosks in 2021, enables residents to pay utility bills, parking tickets, and tax obligations using various payment methods, including cash and cards. The kiosks, located in accessible community areas, aim to enhance public service access, reduce processing times, and provide real-time account balance information. The initiative marks a significant enhancement in the City’s technology for public services, driven by a commitment to customer convenience.
GTY Technology Holdings Inc. (NASDAQ: GTYH) announced its participation in the D.A. Davidson 20th Annual Software and Internet Virtual Conference. CEO TJ Parass and CFO John Curran will present on September 9, 2021, at 2:30 pm ET. The live webcast can be accessed here. GTY Technology specializes in cloud solutions for public sector entities, offering a suite of products for government, education, and healthcare sectors, focusing on procurement, payments, and grant management.
Bonfire Interactive Ltd., part of GTY Technology Holdings (GTYH), released its annual State of Public Sourcing Report. This report analyzes procurement trends among over 400 North American public organizations, indicating a return to pre-pandemic project volumes and highlighting new focus areas like vendor diversity and digital transformation. Key insights include a resurgence in project activity, significant growth in K-12 sector investments, and a shift towards supporting remote work, with agencies expanding their use of eProcurement significantly.
Bonfire Interactive Ltd., a leader in procurement software, announced the launch of Bonfire Open Access Community Projects. This free tool will provide public procurement teams with access to a database of 62,000 public projects from over 500 agencies in North America, streamlining the RFx creation process. Bonfire is part of GTY Technology Holdings (NASDAQ:GTYH), focusing on cloud solutions for the public sector. The full feature set will be revealed at the NIGP Forum 2021, enhancing procurement practices and promoting collaboration.
Bonfire Interactive, a unit of GTY Technology Holdings, reports that Barnstable County improved cooperative purchasing across 15 towns since adopting the Bonfire eProcurement Solution. By switching from paper-based methods to a digital platform, Barnstable enhanced vendor submissions, competitive bids, and cost savings while reducing project start times. This transformation has allowed for data-driven decisions and improved collaboration, particularly during urgent pandemic-related projects, ensuring better outcomes for the local community.
Questica Inc., a subsidiary of GTY Technology Holdings (GTYH), has been awarded a contract by WSIPC RFP 21-01 for software and services tailored for K-12 educational institutions. This contract enables over 300 school districts to leverage Questica's budgeting solutions to enhance financial management, especially amid challenges from the COVID-19 pandemic. Questica's tools allow real-time budget tracking and automated reporting, aiming to simplify budgeting processes and improve operational efficiency for K-12 members in Washington State.
GTY Technology Holdings Inc. (Nasdaq: GTYH) reported robust second-quarter results for 2021, with revenue reaching $14.3 million, a 28% increase year-over-year. The company's Annual Recurring Revenue (ARR) grew by 24%, reflecting strong momentum across its business units. Gross profit improved to $9.1 million with a gross margin of 64%. The net loss was $(5.5) million or $(0.10) per share. For Q3 2021, GTY anticipates non-GAAP revenue between $15.0 million and $15.5 million, indicating 20% growth.
GTY Technology Holdings Inc. (Nasdaq: GTYH) will conduct its second quarter 2021 earnings call on August 5, 2021, at 4:30 pm ET. Interested participants can register for the live conference call here.
Following the call, an archived webcast will be accessible on the Company's website.
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