The deal was first announced on April 29 and was approved by GTY shareholders on June 30, the companies said in a joint release published Thursday.
Under the terms of the deal, GTY shareholders will receive $6.30 in cash for each share of common stock that they own.
With the merger’s completion, GTY will now operate as a privately held company and will no longer trade on the stock market.
Each public warrant that was outstanding and unexercised before the deal’s closing will be exercisable for $0.71 apiece covered by a public warrant through Aug. 6.
GTY provides cloud-based platforms for local and governments, education and health care organizations through its six business units: Bonfire, CityBase, eCivis, OpenCounter, Questica and Sherpa. The company’s cloud-based tools support public sector organizations in the areas of procurement, grant management, permitting, payments and budgeting.
Kris Levin-Snow, area vice president within AT&T‘s national security group, will now oversee the company’s defense industrial base portfolio in addition…
Rocket Lab has signed a definitive agreement to acquire California-based Motiv Space Systems, adding space robotics and precision spacecraft mechanism…
Sonny Bhagowalia, assistant commissioner for information and technology and chief information officer at U.S. Customs and Border Protection, has received…
NextPoint Group expands intelligence-focused capabilities with UScontracting acquisition by adding expertise in cybersecurity, signals intelligence and data analysis for national…
