Dedrone, the company Axon acquired, makes software, sensors and AI that help Ukraine defend against enemy drones — and protect utilities, prisons and public spaces in the U.S. Dedrone had raised $127 million from Axon and other investors.
This is the first acquisition for OpenGov since Cox Enterprises took control of the company in a February deal that valued the gov tech firm at $1.8 billion. OpenGov plans a new suite of tax and revenue products.
The company rebranded and moved to Washington, D.C., last year to be closer to federal customers. But, as its CEO explains, non-federal markets remain important to the firm’s growth.
Cox Enterprises’ investment caps a busy fourth quarter for OpenGov — and makes it one of just a few gov tech companies with a value of $1 billion or more. Plans are for its workforce and leadership to remain in place.
Government Technology writer Thad Rueter joins Dustin Haisler and Joe Morris to discuss the companies named to the GovTech 100 list for 2023.
The Richmond, Va.-based startup has spun off, in simple terms, its technology business from its creative business. The company focuses on local police and fire departments but also serves other municipal agencies.
Still working to build off last year’s huge acquisition of NIC, the government technology giant has created new product portfolios and discarded previous logos. The news comes as Tyler continues its expansion.
As the market for technology companies serving government has exploded, state and local agencies have never had more options for solutions that fit their specific needs.
The company has bought up MAGIQ Software, which occupies much of the same space as Springbrook but comes with some extra technology as well. It’s Springbrook’s second acquisition since it spun out from Accela last year.
The company, which provides data publication and other services to municipalities and schools, will be the very first investment for a new private equity firm. The move appears to position Munetrix for an eventual sale.
