|Bid||9.53 x 800|
|Ask||9.65 x 800|
|Day's Range||9.53 - 9.59|
|52 Week Range||8.01 - 12.24|
|Beta (3Y Monthly)||-0.05|
|PE Ratio (TTM)||477.48|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
This is the first quarter of significant operations for the company with GTY closing its previously announced business combination and acquisition of 6 best-in-class software solutions to serve the highly fragmented and underpenetrated state & local government market. The business combination was consummated on February 19, 2019. After the closing of the business combination, Stephen Rohleder, a GTY Director and the former Accenture COO and Group CEO for Health and Public Service Operating Group, became Chairman and CEO of the new entity.
Twenty years ago, Paul J. Glazer launched his own merger arbitrage hedge fund, which he called Glazer Capital. The fund, which has $1.3 billion in AUM (as of June 6th, 2017) is headquartered in New York City, and it was registered with the US Securities and Exchange Commission as an Investment Adviser in 2006. Paul […]
GTY Technology Holdings Inc. , a leading SaaS/Cloud solution for the public sector and its affiliated segments, is pleased to announce recent key wins from Questica, its subsidiary which provides budget preparation and management software solutions.
GTY Technology Holdings Inc. (GTYH) (“GTY”), a leading vertical SaaS/Cloud solution for the public sector, is pleased to announce over $6 million in newly awarded contracts to one of its leading budgeting solutions, Sherpa Government Solutions (“Sherpa”). The contracts were awarded by the City of Phoenix, AZ (the fifth largest city in the United States), Riverside County, CA, (the tenth largest county in the United States), and Yolo County, CA (comprised of four cities). The contract with the City of Phoenix represents one of the largest bookings in the history of GTY’s six business units.
CHICAGO, Feb. 19, 2019 /PRNewswire/ -- GTY Technology Holdings Inc., a special purpose acquisition company created by former top Accenture and EMC executives, has closed its purchase of CityBase, Inc. for $160 million in cash and stock. To celebrate the purchase, GTY and CityBase rang the NASDAQ closing bell in New York's Times Square at 3:45 p.m. EST today. GTY (NASDAQ: GTYHU/GTYH/GTYHW) was formed in November 2016 to identify and invest in compelling and emerging trends in the technology sector.
Today Bonfire Interactive Ltd. (Bonfire), a leader in strategic sourcing and procurement software, has formally merged with GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”)) in a business combination with five other leading software as a service (SaaS) companies specializing in government technology. Bonfire will continue to run as an independent business unit under the umbrella company. "While government procurement can sound dry and dull to the uninitiated, we think just the opposite", said Corry Flatt, CEO and Co-Founder of Bonfire.
LAS VEGAS, Feb. 19, 2019 /PRNewswire/ -- GTY Technology Holdings Inc. (GTYH) ("GTY" or the "Company"), a publicly traded special purpose acquisition company, today announced the closing of its previously announced business combination between the Company and six companies that are leading the digital transformation of the public sector market, including Bonfire Interactive Ltd. ("Bonfire"), CityBase, Inc. ("CityBase"), eCivis, Inc. ("eCivis"), Open Counter Enterprises Inc. ("Open Counter"), Questica Inc. and Questica USCDN Inc. (together with Questica Inc., "Questica") and Sherpa Government Solutions LLC ("Sherpa" and collectively with Bonfire, CityBase, eCivis, Open Counter and Questica, the "Targets"). As previously disclosed, the business combination was approved at an extraordinary general meeting of GTY's shareholders on February 14, 2019.
LAS VEGAS, Feb. 8, 2019 /PRNewswire/ -- GTY Technology Holdings Inc. ("GTY" or the "Company") (Nasdaq: GTYHU, GTYH, GTYHW) today announced that, on February 7, 2019, it convened and then adjourned, without conducting any business, the extraordinary general meeting of shareholders and extraordinary general meeting of warrant holders (collectively, the "Extraordinary Meetings") in connection with GTY's previously announced business combination (the "Business Combination"), which were scheduled to be held on February 7, 2019, until February 13, 2019, at 1:30 p.m. Eastern Time and 1:45 p.m. Eastern Time, respectively, at the offices of Winston & Strawn LLP, at 200 Park Avenue, New York, New York 10166. The Extraordinary Meetings were adjourned in order to finalize documentation with additional investors as contemplated in the definitive proxy statement/prospectus relating to the Extraordinary Meetings filed with the U.S. Securities and Exchange Commission (the "SEC") and mailed to shareholders on January 31, 2019. The closing of the Business Combination is expected to be held promptly after the Extraordinary Meetings on February 13, 2019.
Special meetings to be held on February 7, 2019 LAS VEGAS , Jan. 22, 2019 /PRNewswire/ -- GTY Technology Holdings Inc. ("GTY" or the "Company") (Nasdaq: GTYHU, GTYH, GTYHW) today announced ...
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying for a while now that the current market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth quarter, […]
AUSTIN, Texas, Oct. 22, 2018 /PRNewswire/ -- GTY Technology Holdings Inc. (GTYH) ("GTY") today announced that, in connection with its previously announced proposed initial business combination and proposed amendment to the warrant agreement governing GTY's outstanding warrants, GTY has increased to $2.00 in cash the consideration for which each public warrant would be automatically exchanged. In addition, if the warrant agreement amendment is approved, GTY's private placement warrants would be automatically exchanged for $0.75 per warrant.
CHICAGO, Sept. 12, 2018 /PRNewswire/ -- GTY Technology Holdings Inc., a special purpose acquisition company created by former top Accenture and EMC executives, has agreed to buy CityBase, Inc. for $160 million in cash and stock, the company announced today. GTY (NASDAQ: GTYHU/GTYH/GTYHW) raised more than $550 million in November 2016 to identify and invest in compelling and emerging trends in the technology sector.
AUSTIN, Texas, Sept. 12, 2018 /PRNewswire/ -- GTY Technology Holdings Inc. (GTYH) ("GTY"), a publicly traded special purpose acquisition company, announced today that it has entered into definitive agreements to acquire six companies that are leading the digital transformation in the public sector market. GTY, which is led by William D. Green, Joseph M. Tucci and Harry L. You, raised $552 million in its IPO in November 2016. After an extensive search process, the sponsors elected to bring together best-in-class companies to establish an integrated software solution in the highly fragmented and underpenetrated public sector market.