BOSTON–(BUSINESS WIRE)–GTY Technology Holdings Inc., a leading provider of cloud solutions for government agencies, is found Ion Wave Technologies to complement GTY’s existing eProcurement solutions from Bonfire and DemandStar, strengthening its foundation as the fastest growing eProcurement solutions provider in North America. Additionally, this acquisition enables GTY to expand into a new business segment – K-12 education management – with Ion Wave’s SpedTrack solution.
Ion Wave is a leader in public procurement that offers unique programs and a team of buyer support. The solution provides powerful fundraising tools for government agencies, intuitive and easy-to-use reporting, and an easy-to-use solution for government procurement teams. The acquisition also includes Ion Wave’s SpedTrack product, the most important system for school programs to manage special programs. Both Ion Wave and SpedTrack will continue to be offered under the GTY umbrella. GTY’s SaaS solutions provide digital tools for back-office operations that handle procurement, permits, procurement, payments, and budgeting, all designed for governments.
“Ion Wave has unique solutions, an experienced team, and values customer relationships as much as we do,” he said. TJ Parass, CEO of GTY Technology. “Under GTY, we are bringing together Ion Wave and Bonfire, two of the best eProcurement companies in North America to create greater value and choice for our clients. This combination complements and expands GTY’s public sector procurement platform.”
GTY’s existing eProcurement solution, Bonfire, is a leader in technology software development and procurement. With tools to support the entire vendor lifecycle (sourcing, contract management, and operations), Bonfire goes beyond the traditional mechanics of procurement suites to make difficult decisions easier. With Bonfire acquiring DemandStar in December 2022, they now maintain a network of over 500,000 sellers. With Bonfire and Ion Wave working together, GTY will have one of the largest, fastest-growing networks in North America supporting approximately 2,200 organizations and 700,000 dealers.
“Ion Wave and GTY Technology share a passion for helping to empower public sector workers and bring positive outcomes to society – this is one of the many reasons we are excited to join forces,” said Darren Henderson, CEO of Ion Wave.
Software Equity Group (SEG) acted as exclusive advisor to Ion Wave Technologies.
To learn more about Ion Wave Technologies visit www.ionwave.net. For more information about SpedTrack visit www.spedtrack.com. To learn more about GTY Technology and its portfolio of public SaaS companies, visit www.gtytechnology.com.
Opinions of the company GTY Technology Holdings Inc.
GTY Technology (GTY) brings leading cloud software together to provide modern solutions for governments and governments, educational institutions and healthcare organizations. More than 3,000 organizations in North America take advantage of GTY’s solutions to deliver better outcomes for the people in their communities by improving the way they communicate with their stakeholders and manage their resources. Designed for public services, automated solutions support policies, regulations and requirements to be followed by private individuals. Public Administrative solutions for budgeting (Questica and Sherpa), financial management (eCivis) and procurement solutions for both public buyers and sellers (Bonfire) and (DemandStar) to improve the end-to-end procurement process and improve efficiency, transparency and collaboration. Civic Engagement solutions for payments (CityBase) and permits (OpenCounter) provide efficiencies while improving citizen access and satisfaction. To learn more about the GTY platform and the positive impact it has on the people and communities it serves visit: www.gtytechnology.com.
Concept of the company Ion Wave Technologies
Ion Wave Technologies provides digital SaaS solutions to the public, including automated procurement and management of specialized educational programs. Ion Wave’s eProcurement solution is designed to be more powerful for buyers while maintaining the simplicity that suppliers need, resulting in faster procurement and powerful insights that help procurement professionals make better decisions. Ion Wave’s Special Education management solution, SpedTrack, is a complete solution designed to help teachers manage special education. For more information visit www.ionwave.net.
