GTY Technology Holdings Inc. Announces Shareholder Approval of Merger Agreement | Business

lita

BOSTON–(Organization WIRE)–Jun 30, 2022–

GTY Technologies Holdings Inc. (NASDAQ: GTYH) (“GTY” or the “Company”), a top company of cloud software package methods for the general public sector, currently introduced that its shareholders have voted to approve the formerly introduced Settlement and Strategy of Merger (the “Merger Agreement”), whereby GTY will be obtained by an affiliate of GI Companions (together with specific affiliated entities, “GI”) for $6.30 for every share of GTY frequent stock in cash. The acceptance of GTY shareholders was a closing ailment of the Merger Arrangement that has now been satisfied. Approximately 75.5% of GTY’s excellent popular inventory voted in favor of the Merger Settlement. In addition, the applicable ready time period below the Hart–Scott–Rodino Antitrust Improvements Act of 1976 expired on June 10, 2022.

Matter to the fulfillment of selected other closing conditions, the transaction is envisioned to close on or around July 7, 2022. On completion of the transaction, GTY will work as a privately-held business and GTY widespread stock will no lengthier be detailed on any community market.

About GTY Technologies Holdings Inc.

GTY provides top community sector technologies providers collectively to attain a new standard in stakeholder engagement and resource administration. Via its 6 company models, GTY provides an intuitive cloud-based mostly suite of remedies for state and regional governments, schooling establishments, and health care companies spanning features in procurement, payments, grant administration, budgeting, and permitting: Bonfire delivers strategic sourcing and procurement software to empower self-confident and compliant paying out decisions CityBase offers govt payment alternatives to hook up constituents with utilities and governing administration agencies eCivis features a grant administration procedure to increase grant revenues and track effectiveness OpenCounter provides consumer-welcoming software program to guidebook applicants via complex allowing and licensing procedures Questica offers budget preparing and management software package to provide on financial and non-fiscal strategic targets Sherpa delivers general public-sector budgeting computer software and consulting expert services.

About GI Companions

Established in 2001, GI Associates is a private expense company with around 125 staff members and places of work in San Francisco, New York, Chicago, Greenwich, and Scottsdale. The business has lifted in excess of $32 billion in cash from major institutional investors all over the environment to spend in non-public equity, actual estate, and knowledge infrastructure approaches. The non-public fairness crew invests mainly in firms in the health care, IT infrastructure, providers, and software sectors. The authentic estate team focuses principally on engineering and existence sciences houses as perfectly as other specialised serious estate sectors and methods. The info infrastructure workforce invests primarily in tricky asset infrastructure companies underpinning the digital economy. For much more information and facts, you should take a look at www.gipartners.com.

Ahead-Hunting Statements

This interaction has forward-wanting statements that entail challenges and uncertainties, together with statements pertaining to: the transaction, like the expected timing of the closing of the transaction and expectations for GTY following the closing of the transaction. If any of these dangers or uncertainties materialize, or if any of GTY’s assumptions verify incorrect, GTY’s genuine outcomes could differ materially from the outcomes expressed or implied by these forward-on the lookout statements. Supplemental dangers and uncertainties consist of those affiliated with: the possibility that the problems to the closing of the transaction are not happy potential litigation relating to the transaction uncertainties as to the timing of the consummation of the transaction the potential of each and every party to consummate the transaction possible disruption connected to the transaction to GTY’s recent plans and operations, which includes by the decline of clients and workers and other challenges and uncertainties comprehensive in the periodic stories that GTY files with the SEC, such as GTY’s Annual Report on Type 10-K submitted with the SEC on February 18, 2022, which may perhaps be attained on the investor relations part of GTY’s web site ( https://gtytechnology.com/about/trader-materials ). All ahead-wanting statements in this conversation are based mostly on information and facts offered to GTY as of the date of this conversation, and GTY does not presume any obligation to update the forward-hunting statements furnished to replicate gatherings that come about or situations that exist following the date on which they were produced, other than as required by regulation.

Watch resource version on businesswire.com:https://www.businesswire.com/news/household/20220630005857/en/

Speak to: GTY Enterprise:

Trader Relations

[email protected]ytechnology.com

877-465-3200GI Companions:

Chris Tofalli

Chris Tofalli Community Relations LLC

914-834-4334

[email protected] Robinson

GI Partners

[email protected]

Search term: MASSACHUSETTS UNITED STATES NORTH The us

Field Keyword: Computer software NETWORKS FINANCE CONSULTING BANKING Expert Products and services Know-how Company

Supply: GTY Technology Holdings Inc.

Copyright Small business Wire 2022.

PUB: 06/30/2022 04:05 PM/DISC: 06/30/2022 04:06 PM

http://www.businesswire.com/information/household/20220630005857/en

Copyright Enterprise Wire 2022.

Next Post

What to expect during ‘Secure Storage Hot Takes’ event: Join theCUBE July 12

When companies seek out cloud storage solutions, they need more than a black box in which to put data and forget about it. The demands of a modern, digital workplace mean that data storage has to be secure, accessible, and preferably not too expensive. However, in a twist on the […]