Edmunds GovTech (EGT), a premier provider of integrated ERP software solutions to local governments in the United States, has announced a substantial growth investment from TA Associates, a global private equity titan. LLR Partners, having partnered with EGT since 2018, remains an investor. Established in 1972 and based in Northfield, New Jersey, EGT offers tailored software to over 2,100 municipalities and utility authorities, promoting efficiency in financial accounting, budgeting, revenue collection, human resources, and regulatory compliance. Bob Edmunds, CEO of EGT, praised the investment, expressing alignment in culture and vision and projecting an acceleration in growth and service elevation with TA’s participation. The investment by TA, known for its success in enhancing software businesses and found-led companies, aims to feed capital for innovation, expedite project completions, and guide EGT’s market dominance expansion. TA’s Ashutosh Agrawal acknowledged EGT’s prominence in municipal software solutions and anticipated building on its robust product suite to further geographical reach and customer value. David Reuter from LLR Partners highlighted EGT’s successful record of doubling its client base through innovation, organic growth, and strategic acquisitions. The partnership with TA is poised to propel EGT’s next phase of growth. The specifics of the financial investment remain undisclosed.

Information Technology, Government Technology, Private Equity,United States

https://www.ta.com/news/edmunds-govtech-announces-a-significant-growth-investment-from-ta/