The San Francisco-based OpenGov said Wednesday it has bought iGovServices, which sells tax calculation and revenue collection software.
iGovServices aims to help municipalities collect their share of property, lodging, occupational license, business, insurance, water utility, payroll, alcohol, cannabis and other types of taxes. The company has more than 75 customers.
Terms of the deal were not disclosed.
OpenGov sells software for tasks that include budgeting, planning and procurement, and has some 1,900 customers. The acquisition gives the company a new tax and revenue product suite, Zac Bookman, co-founder and CEO of OpenGov, said in a statement.
“Tax and revenue calculation and collection are mission-critical for local governments,” Bookman said. “This Tax & Revenue suite complements the OpenGov Cloud with an outstanding product, a team of domain experts, and shared mission and values.”
In February, Cox Enterprises, already a backer of government technology companies, became the majority shareholder in OpenGov, in a deal that valued the company at $1.8 billion.
OpenGov is one of the few gov tech firms with a value of $1 billion or more. Another firm to hit that mark is Israel-based transit software provider Optibus.
OpenGov made a previous acquisition in 2022 when it bought Cartegraph, founded in 1994. The Iowa-based firm sold cloud-based software to help government agencies, utilities and schools manage assets and associated operations, including maintenance.
