Leader in public sector eProcurement has helped hundreds of
public agencies source strategically and digitize at scale in the
past decade
Bonfire Interactive Ltd. (“Bonfire”), a business unit of GTY
Technology Holdings Inc. and a leader in strategic sourcing and
procurement software, today celebrated the tenth anniversary of its
eProcurement platform. Over the last decade, the solution has
empowered nearly 700 public sector clients to drive better
collaboration, security, and compliance in their procurement
processes. Bonfire is a business unit of GTY Technology Holdings
Inc. (Nasdaq: GTYH), a leading provider of SaaS/Cloud solutions for
the public sector.
Since the company’s launch in 2012, Bonfire has amassed a total
of 481,361 global users, including buyers, evaluators, and vendors.
Clients have run 81,900 projects and managed $39.2B USD in spend on
the Bonfire platform.
The digital revolution of public procurement has not only
improved processes, but also increased the value of procurement
departments to enable strategic, higher-order decision-making.
Today hundreds of public sector agencies rely on Bonfire to manage
their competitive bid processes and support seamless collaboration,
secure information sharing, efficient workflows, and regulatory
compliance for public procurement teams.
“Over 10 years, Bonfire has grown from a startup to a leader in
the eProcurement space,” said Bonfire CEO Omar Salaymeh. “We
continue to evolve, innovate, and respond to market needs. No
matter what curveballs we’re thrown, we remain committed to serving
the evolving needs of our public sector customers. We are beginning
our tenth year emerging from a global pandemic, and we’re stronger
for it. Given the impact our solution has had on communities,
citizens, and procurement professionals during the COVID-19
pandemic, our mission and vision are truer than ever.”
Over the last decade, the platform has also played a key role in
dramatically reducing environmental impact and driving digitization
in public procurement, transitioning tens of thousands of bid
competitions from print to digital formats. Since 2012, vendors
have uploaded over 155 million pages of proposal documents to the
platform.
“We’re incredibly proud of how Bonfire has grown, and the
company’s unwavering commitment to customer service over the past
decade,” said TJ Parass, CEO of GTY. “Throughout the pandemic,
Bonfire has helped connect agencies and citizens to essential goods
and services they needed most, including vaccines, PPE, cleaning
supplies and more. We’re confident that Bonfire will continue to
scale and provide the public sector with valuable eProcurement
solutions long into the future.”
To celebrate the company’s tenth anniversary and the customers
who have made it possible, Bonfire announced the launch of the
Bonfire Procurement Awards. The new awards program highlights
public procurement professionals who excel, innovate, and showcase
excellence in strategic sourcing. Nominations are open until June
3, and the program has already seen dozens of submissions from
public procurement agencies across North America. Bonfire plans to
celebrate the award winners at the National Institute for
Government Procurement (NIGP) Forum conference taking place in
Boston on August 20 through 24, 2022.
About Bonfire Interactive Inc. Bonfire Interactive Inc.
(“Bonfire”) is a business unit of GTY Technology Holdings Inc. and
a leader in strategic sourcing and procurement software. Bonfire
brings procurement online, ensuring 100% compliance, reducing cycle
times, and improving transparency. Through the power of tools
optimized for collaboration and in-app access to RFP insights and
templates (surfaced from Bonfire’s library of 40,000+ projects),
Bonfire unlocks procurement’s potential to drive greater agency
impact, achieve better outcomes, and engage colleagues along the
way. Bonfire’s proven history of customer-driven innovation is
trusted by hundreds of public procurement teams across North
America.
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; 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.
Forward-Looking Statements 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 public health
crises, epidemics and pandemics such as the COVID-19 pandemic on
our operations, our customers and the economy, including the
duration, spread and severity of such crises, and variants,
vaccinations, treatments, testing and recurrences; (2) the costs of
acquisitions and the risk that the ongoing integration of the
businesses acquired in our business combination and any subsequent
acquisitions disrupts current plans and operations; (3) our ability
to fully recognize the anticipated benefits of the business
combination and any subsequent acquisitions, which may be affected
by, among other things, competition and the ability of the combined
company to grow and manage growth profitably; (4) our ability to
attract, retain, and motivate key employees and, if they depart, to
recruit, hire, and motivate replacements with comparable or better
knowledge, skills and abilities; (5) our failure to generate
sufficient cash flow from our business to make payments on our
debt; (6) our ability to raise or borrow additional funds on
acceptable terms; (7) changes in applicable laws or regulations and
the adoption of new accounting standards, statements and
interpretations; (8) legal proceedings and investigations that
could harm our business, including those relating to former special
purpose acquisition companies; (9) the possibility that the company
may be adversely affected by other economic, business or
competitive factors, including inflation; and (10) other risks and
uncertainties included in our Annual Report on Form 10-K for the
year ended December 31, 2021 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, except as
required by applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220601005423/en/
Media: Kate Nesbitt Alloy Communications for GTY Technology
kate@helloalloy.com 240-630-2653
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