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OpenGov Completes Acquisition of Government Procurement Software Leader ProcureNow
OpenGov is the industry leader in public sector budgeting and planning, enabling more effective and accountable government.
FREMONT, CA: OpenGov, the industry's fastest-growing, premier multi-tenant SaaS software provider for government procurement and contract management, today announced the acquisition of ProcureNow, the industry's fastest-growing, premier multi-tenant SaaS software provider for government procurement and contract management.
ProcureNow, such as OpenGov, allows government leaders to provide stakeholders with its most effective solutions for streamlining necessary procedures, enabling data-driven decisions, and openly communicating results. OpenGov persists to power governments' most strategic processes: citizen services, budgeting and planning, financial management, transparency and reporting, and now procurement — all in the cloud, thanks to ProcureNow's full lifecycle procurement management software, which includes powerful solicitation and contract development automation.
"OpenGov and ProcureNow share the mission to power more effective and accountable government and our vision is to bring the best cloud solutions to every public sector organization," said OpenGov co-founder and CEO Zac Bookman. "When we first started working with ProcureNow, it became evident that our values, culture, and products were strategically aligned. Together, we look forward to modernizing our nation's digital infrastructure. We're thrilled to welcome the ProcureNow team and community of innovative governments to OpenGov!"
The capability of a government to fulfill its strategic goals, such as budget accountability, spend management, supplier diversity, economic development, and citizen experience, is heavily influenced by procurement. It is becoming increasingly important in enabling investments related to the Coronavirus Aid, Relief, and the American Rescue Plan Act and Economic Security Act and supporting remote work. With the addition of this critical technology to the OpenGov ERP Cloud, the merged company is positioned to satisfy the modernization demands of the country's finance, most forward-thinking administrators, and community development professionals.
"We couldn't be more excited about partnering with OpenGov," said ProcureNow co-founder and CEO David Gertmenian-Wong. "It's rare to find a partner so uniquely aligned on mission, vision, and culture. Our customers can look forward to an even greater level of support and rapid innovation as we expand our platform's reach and capabilities. We can't wait to continue empowering procurement professionals to get the most value out of every tax dollar spent, which leads to stronger communities for us all."