GovTech: Where Is Gov Tech Industry Headed in Final Stretch of 2022?
GovTech – August 31, 2022
By Thad Reuter & Andrew Adams
The ongoing migration to the cloud also stands as a big theme of the most recent earnings report from gov tech software firm Accela. The privately held company recently closed its fiscal year and said that it had “double-digit growth in its revenue base.”
Accela said its SaaS recurring revenue spiked 31 percent during the company’s most recent fiscal year.
Between April and June, the company signed roughly a dozen new SaaS migrations with clients that include New York City’s Department of Health and Mental Hygiene; the city and county of Denver; and the cities of El Paso, Texas; Indianapolis; Salt Lake City; Culver City, Calif.; Kingston, Ontario; and Lenexa, Kan.
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