OpenGov has Agreed to Acquire Cartegraph
OpenGov Profile
- OpenGov is a 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 1,100 agencies across the U.S. and is built exclusively for the unique budgeting, procurement and citizen services needs of the public sector
- The OpenGov Cloud makes organizations more collaborative and efficient, enabling best-in-class communication with stakeholders and communities
- Founded in 2012, OpenGov is headquartered in San Jose, CA and has approximately 500 employees
Cartegraph Profile
- Cartegraph builds safer, more resilient and sustainable communities through better stewardship of buildings and critical infrastructure
- The company offers powerful, intuitive SaaS solutions that help government agencies, utilities and educational institutions manage their physical assets and associated operations
- With Cartegraph software, users optimize the life of their infrastructure, deploy maintenance resources efficiently and increase productivity to drive high-performance operations
- Founded in 1994, Cartegraph is headquartered in Dubuque, Iowa and has approximately 150 employees
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With this acquisition, we are bringing together two incredible, mission-driven teams to meet the needs of the public sector, now and for the future. 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 our communities. We’re thrilled to welcome Cartegraph and its team of outstanding employees and innovative local government customers to the OpenGov family!
Zac Bookman
Co-Founder & CEO, OpenGov
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We couldn’t be more excited about joining OpenGov. As we sought a partner for the next chapter of Cartegraph’s growth, we looked for a team with three key components: aligned vision and values, a commitment to customer success and building modern cloud-first solutions, and a desire to accelerate our current, exceptional momentum through increased investment. OpenGov delivers on all accounts. With a phenomenal team, the right technology architectures, the resources to invest in Cartegraph’s accelerated growth and software development, and a clear commitment to this market for decades to come, OpenGov is the perfect place for the Cartegraph team to continue to grow.
Josh Mallamud
CEO, Cartegraph
Transaction Notes
- OpenGov’s acquisition of Cartegraph was announced on July 27, 2022, and is expected to close in Q3 2022; financial terms were not disclosed
- The transaction was facilitated by a new investment from Cox Enterprises
- Shea & Company served as the exclusive financial advisor to OpenGov and Cox Enterprises