Redwood City, California-based government budgeting systems provider OpenGov has purchased Berkeley, California-based technology company Peak Democracy for an undisclosed amount in a move to expand its citizen engagement platforms for the government sector.
OpenGov said Friday it will integrate Peak Democracy’s Open Town Hall offering with its Smart Government Cloud platform.
Open Town Hall is a cloud-based online platform designed to increase citizens’ participation and engagement with the government.
OpenGov’s Smart Government Cloud is a cloud-based software-as-a-service offering that works to facilitate budgeting and reporting activities to help government agencies generate data-driven insights and expedite the decision-making process.
Zachary Bookman, OpenGov CEO and co-founder, said the acquisition would help the company equip its OpenGov Budget Builder platform with a participatory budgeting capability.
The transaction came more than a year after OpenGov acquired New York-based Ontodia as part of efforts to broaden its open data management products for the public sector.
OpenGov also raised $80 million in total funds after it completed and secured $30 million in Series C financing round led by Emerson Collective.