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September 24, 2019
Integration Services, Data Management, and Savings-as-a-Service helps clients attain procurement best-practices
(KITCHENER, ONTARIO, September 24, 2019) – Bonfire Interactive Ltd. (“Bonfire”), a business unit of GTY Technology and a leader in strategic sourcing and procurement software, has launched a professional services offering to include Integration Services, Data Management and Savings-as-a-Service.
Bonfire’s Professional Services supports Bonfire’s growing client base of more than 300 public sector organizations with their digital initiatives by offering Integration Services, Data Management, and Savings-as-a-Service. As clients look to digitize more of their procurement activities, there is a growing need for greater efficiency and data operability by connecting existing systems to Bonfire through an Integrations offering. Bonfire will also support clients with data entry requirements to consolidate legacy data for better visibility into historical trends, providing improved insights for the future. Digitization best practices such as these makes it easier to implement advanced procurement practices. The Bonfire Savings-as-a-Service offering helps clients implement best practices to improve their bottom line with consulting services and negotiation support.
“As the procurement market matures, more advanced services are required to ensure our clients’ needs are addressed,” said Corry Flatt, CEO at Bonfire. “Our software is used by over 300 public organizations across North America, but it’s not used in isolation. Now our Professional Services offering can help procurement teams take a holistic approach to integrating Bonfire into their toolchains and applying best practices within their organization.”
For more information about Bonfire’s professional services visit: gobonfire.com/professional-services/
About Bonfire Interactive Inc.
Bonfire Interactive Inc. (“Bonfire”) is a subsidiary of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software. Bonfire empowers organizations to find the right vendors and make the right purchasing decisions with ease and confidence. With tools to support the entire vendor lifecycle (sourcing, contract management, and vendor performance), Bonfire goes beyond traditional mechanics of standard procurement suites to make complex decision-making easy. The combination of flexible technology and world-class customer service makes Bonfire the solution of choice for both public and private sector organizations. Bonfire is an award-winning solution recognized by industry-leading outlets including Gartner, GovTech, Spend Matters, Best in SaaS,, and the International Business Awards.
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 subsidiaries, 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; Open Counter provides government payment 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 press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The combined company’s actual results may differ from GTY’s and the combined company’s 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 combined company’s expectations with respect to future performance and anticipated impacts of the business combination. 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 combined company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the risk that the business combination disrupts current plans and operations; (2) 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; (3) costs related to the business combination; (4) the outcome of the New York and California lawsuits among the Company, OpenGov, Inc. and the other parties thereto, as well as any other legal proceedings that may be instituted against the combined company in connection with the business combination; (5) the inability to maintain the listing of the combined company’s common stock on The Nasdaq Stock Market; (6) changes in applicable laws or regulations; (7) the possibility that GTY may be adversely affected by other economic, business, and/or competitive factors; (8) any government shutdown which impacted the ability of customers to purchase GTY’s products and services; and (9) other risks and uncertainties included in the final proxy statement/prospectus filed with the Securities and Exchange Commission (the “SEC”) on January 31, 2019 , including those under “Risk Factors” therein, and in GTY’s other filings with the SEC. 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.