Deals
Cox-backed OpenGov to Buy Government Software Maker Cartegraph in Bet on Cities Upgrading Tech
- Combined company will be valued at about $1.25 billion
- Deal comes as public agencies upgrade infrastructure
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Startup OpenGov is acquiring Cartegraph Systems LLC, a software provider for public agencies, in a deal that could benefit from the efforts of local governments to modernize their technology.
The combined company has a valuation of about $1.25 billion, according to people familiar with the matter who asked not to be identified because the information was private.