06/08/2021 | Press release | Distributed by Public on 06/09/2021 13:07
Leading public sector solution providers collaborate to enhance cost recovery services
Pasadena, CA, June 8, 2020 - eCivis, the most widely used SaaS-based grants management solution for state, local and tribal governments, announced today that it has entered into a strategic relationship with HdL Companies (HdL), a leader of auditing, operations, and revenue solutions for public agencies. eCivis is a subsidiary of GTY Technology Holdings Inc. (Nasdaq:GTYH) ('GTY'), a leading provider of SaaS/Cloud solutions for the public sector.
eCivis and HdL will draw on their extensive combined public sector experience projected to help local governments to maximize federal funding for the communities they serve. Through this relationship, HdL will be responsible for project management and initial data collection, and eCivis will leverage its expertise in accurately calculating and negotiating indirect costs to maximize revenue from federal programs.
'HdL understands the power of collaboration and mutual support, and values opportunities to provide greater financial insights to our municipal partners,'' said Andrew Nickerson, President/CEO of HdL Companies. 'The services eCivis provides are a great fit for our clients and will align well with our goal of adding value to local communities. Together, we will offer robust solutions that enable transparency and efficiency.'
'Governments are under enormous pressure to deliver constituent services quickly and efficiently during an ongoing period of intense budget uncertainty, and eCivis is uniquely suited to provide turnkey solutions that help tackle these complex challenges,' said James Ha, CEO of eCivis. 'HdL shares our passion for local government, and this relationship will bring tremendous value to our customers and the communities they serve. We look forward to the expected expansion of our services through HdL and hope to see our complementary services enable success for more state and local governments in the future.'
Since 2000, eCivis has been empowering its customers to enrich the communities they serve by simplifying and transforming the grant funding process. As the most widely used SaaS grant management system in the public sector, eCivis is trusted to guide its customers through the grants process. eCivis solutions are powering the efforts of thousands of state, local and tribal government agencies to increase grant revenues, track financial and program performance, and prepare cost allocation plans and budgets. For more information, visit www.ecivis.com.
HdL Companies is dedicated to supporting local governments across the U.S. with revenue enhancement, technology and consulting services that enable cities, counties and special districts to better serve their constituents. Founded in 1983, HdL Companies' comprehensive approach to revenue management is trusted by over 500 local governments. The company has successful recovered over $3 billion in revenue for client agencies. For more information, visithdlcompanies.com.
About GTY Technology Holdings Inc.
GTY Technology Holdings Inc. (NASDAQ: GTYH) ('GTY')) brings leading government technology companies together to achieve a new standard in citizen engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spend; CityBase provides government payment solutions to connect constituents with utilities and government agencies; eCivis offers a grant management system to maximize grant revenues and track performance; OpenCounter provides government permitting software to guide applicants through complex permitting and licensing procedures; Questica offers budget preparation and management software to deliver on financial and non-financial strategic objectives; Sherpa provides public sector budgeting software and consulting services.
This release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. The company's actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the company's expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the impact of the COVID-19 pandemic, or other public health crises, on our operations, our customers and the economy; (2) the risk that the ongoing integration of the businesses acquired in our business combination disrupts current plans and operations; (3) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (4) our failure to generate sufficient cash flow from our business to make payments on our debt; (5) changes in applicable laws or regulations; (6) the possibility that the company may be adversely affected by other economic, business or competitive factors; and (7) other risks and uncertainties included in our Annual Report on Form 10-K for the year ended December 31, 2020 and our subsequent filings with the Securities and Exchange Commission. We caution you that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.
eCivis: Kate Nesbitt
HdL: Jennifer Pierce