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Cleargov Announces Acquisition Of Citygrows Platform

Jun 07, 2022•about 3 years ago

Acquiring Company

ClearGov Inc.

Acquired Company

CityGrows

MaynardGovernment

Description

Leading cloud-based government budgeting software company, ClearGov, announces the acquisition of the CityGrows product and its entrance into the Permitting and Licensing market. CityGrows cloud-based software is unique because it doesn't limit you to predetermined permit types – its workflow editor is use-case agnostic, easy to use, and only takes minutes to set up a modern permit process.

Company Information

Company

ClearGov Inc.

Location

2 Mill & Main Place

Maynard, Massachusetts, United States

About

ClearGov® is the leading provider of Budget Cycle Management software, focused on helping local governments and their department heads streamline the annual budgeting process by automating workflow, increasing collaboration, and centralizing data. ClearGov solutions are powerful enough to support local governments of every size, yet affordable enough for even the smallest towns and villages. Hundreds of communities across the country rely on our cloud-native Budget Cycle Management solutions to modernize their budget process.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed