SouthTech Systems, Inc.
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SouthTech Systems, Inc. - overview
Established
2004
Location
-, CA, US
Primary Industry
Software
About
SouthTech Systems, Inc. is a technology company focused on delivering innovative software solutions to enhance operational efficiency within government sectors. Founded in 2004 and headquartered in Riverside, US, SouthTech Systems, Inc. specializes in software solutions designed to streamline government operations.
The company was acquired by Granicus, Inc. in November 2018, part of a deal with Vista Equity Partners and K1 Investment Management. SouthTech Systems, Inc. provides advanced software solutions that facilitate improved government-citizen interactions.
Their offerings focus on enhancing operational efficiency through software that supports online government meetings, automated language services, and communication tools for citizen engagement. The company serves a range of clients, including local and state governments, educational institutions, and special districts, aiming to create accessible and transparent governmental processes. SouthTech Systems, Inc. generates revenue through subscription-based services tailored to government entities.
Their pricing model includes various tiers to accommodate different organizational needs, ensuring that clients have access to the necessary tools for effective service delivery. Service agreements outline the scope and fees, which may vary depending on selected features and user volume. Looking ahead, SouthTech Systems, Inc. plans to expand its product offerings with new digital solutions tailored to enhancing government efficiency.
The company is targeting expansion into additional markets, specifically focusing on regions within the United States and Latin America by the end of 2023. The recent acquisition by Granicus, Inc. will support these growth initiatives by leveraging additional resources and expertise for product development.
Current Investors
Granicus, LLC
Primary Industry
Software
Sub Industries
Government, Content Management Software
Website
www.southtechsystems.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
SouthTech Systems, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | SouthTech Systems, Inc. | - |
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