Euna Solutions

Euna Solutions is a provider of specialized software solutions focused on enhancing operational efficiency for public sector agencies. Their innovative tools support budgeting, procurement, and grants management. Euna Solutions, established in 2016 and headquartered in Chicago, US, develops software solutions for the public sector. The company has undergone a significant change, transitioning from public to private ownership in April 2022 when GI Partners led an acquisition amounting to USD 374 mn.

CEO TJ Parass and Tom Amburgey are at the helm, with the company having executed one major deal to date. Euna Solutions specializes in developing purpose-built software solutions tailored for the public sector. Their core offerings include comprehensive budgeting and performance management tools, an advanced eProcurement platform, and a grants management solution designed for both grant seekers and grant makers. These products streamline critical processes such as payment workflows, revenue collection, and compliance in special education, aiming to enhance transparency and efficiency for public sector agencies.

Euna Solutions serves a diverse client base of over 3,400 public sector agencies across North America, including municipalities, educational institutions, and nonprofit organizations. Their products are engineered to support agencies of varying sizes in managing complex administrative tasks effectively and are designed for use in various geographical markets, specifically the United States and Canada. Euna Solutions reported a revenue of USD 60. 45 mn for the year 2021, with an EBITDA of USD -27.

61 mn. The company operates on a subscription-based revenue model, where clients pay for access to their suite of software solutions. This structure enables organizations to budget for software expenses predictably while receiving continuous updates and support. Transactions typically involve annual or multi-year contracts, allowing agencies to implement Euna’s tools systematically across their operations.

The company’s flagship products, including Euna Budget, Euna Procurement, and Euna Grants, are priced in accordance with the scale and specific needs of the client organization. This pricing strategy ensures that agencies can select the appropriate level of service and functionality to meet their operational requirements while fostering long-term partnerships. Following the acquisition led by GI Partners in April 2022, which was valued at USD 374 mn, Euna Solutions plans to leverage this funding to accelerate growth through increased investments in sales, marketing, and technological innovation. The company aims to expand its product offerings and enhance its software suite for public sector agencies.

Additionally, Euna Solutions is exploring opportunities to penetrate new markets within North America and possibly expand further into Canada by 2024, focusing on sectors that require robust administrative solutions.