GTY Technology’s Bonfire Expands Revenue Streams With Professional Services and Premium Vendor Offerings

AUSTIN, Texas--(BUSINESS WIRE)--GTY Technology (NASDAQ: GTYH) (“GTY”), a leading provider of SaaS/Cloud solutions for the public sector, announced today that its procurement software business unit, Bonfire, has launched two new offerings, Professional Services and Premium Vendors, in response to market demand.


“Our new product offerings build on Bonfire’s experience in delivering tangible value to our clients,” said Stephen Rohleder, President, CEO and Chairman of GTY. “Bonfire’s software platform continues to support procurement and contract needs with tools that are flexible and ensure compliance. Now, we’re expanding beyond traditional procurement functions to drive additional measurable results for our clients.”

Bonfire’s Professional Services supports Bonfire’s growing client base of more than 300 public sector organizations with their digital initiatives by offering Integrations Services, Data Management, and Savings-as-a-Service. As clients look to digitize more of their procurement activities, there is a growing need for greater efficiency and data operability by connecting existing systems to Bonfire through an Integrations offering. Bonfire will also support clients with data entry requirements to consolidate legacy data for better visibility into historical trends, providing improved insights for the future. Digitization best practices such as these makes it easier to implement advanced procurement practices. The Bonfire Savings-as-a-Service offering helps clients implement best practices to improve their bottom line with consulting services and negotiation support.

Bonfire’s Premium Vendor offering is designed to support Bonfire's growing database of more than 100,000 vendors, with an average of 6,000 vendors joining each month. This offering is a direct response to the ongoing requests for access to more bid opportunities, given their positive experience (9/10 recommend the Bonfire solution) of submitting bids and RFPs through the Bonfire Sourcing platform. Through monthly or annual subscriptions, Premium Vendors will gain access to a centralized portal where they receive a list of hand-curated opportunities specifically for their business from Bonfire's 300 public sector clients. Premium vendors also receive custom notifications and on-demand support, among other exclusive benefits.

“As the procurement market matures, more advanced services are required to ensure our clients’ needs - and their vendors’ needs - are addressed,” said Corry Flatt, CEO at Bonfire. “Our software is used by over 300 public organizations across North America, but it’s not used in isolation. Now our Professional Services offering can help procurement teams take a holistic approach to integrating Bonfire into their toolchains and applying best practices within their organization, while our Premium Vendor program will help vendors across North America find and win more business.”

For more information about Bonfire’s professional services visit: https://gobonfire.com/professional-services/

To become a Bonfire Premium Vendor visit: https://gobonfire.com/premium-vendor/

About Bonfire Interactive Inc.
Bonfire Interactive Inc. (“Bonfire”) is a business unit of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software. Bonfire empowers organizations to find the right vendors and make the right purchasing decisions with ease and confidence. With tools to support the entire vendor lifecycle (sourcing, contract management, and vendor performance), Bonfire goes beyond traditional mechanics of standard procurement suites to make complex decision-making easy. The combination of flexible technology and world-class customer service makes Bonfire the solution of choice for both public and private sector organizations. Bonfire is an award-winning solution recognized by industry-leading outlets including Gartner, GovTech, Spend Matters, Best in SaaS,, and the International Business Awards.

About GTY Technology Holdings Inc.
GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”)) brings leading government technology companies together to achieve a new standard in citizen engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spending decisions; CityBase provides government payment solutions to connect constituents with utilities and government agencies; eCivis offers a grant management system to maximize grant revenues and track performance; Open Counter provides government payment software to guide applicants through complex permitting and licensing procedures; Questica offers budget preparation and management software to deliver on financial and non-financial strategic objectives; Sherpa provides public sector budgeting software and consulting services.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The company’s actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the company’s expectations with respect to future performance and anticipated impacts of the business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability to recognize the anticipated benefits of GTY’s recent business combination transaction, which may be affected by, among other things, competition, the ability of the company to grow and manage growth profitably and retain its key employees; (2) costs related to the business combination; (3) the outcome of the New York and California lawsuits among the company, OpenGov, Inc. and the other parties thereto; (4) the inability to maintain the listing of the company’s common stock on The Nasdaq Stock Market; (5) changes in applicable laws or regulations; (6) the possibility that the company may be adversely affected by other economic, business, and/or competitive factors; (7) any government shutdown which impacts the ability of the company’s customers to purchase its products and services; and (8) other risks and uncertainties included in the company’s registration statement on Form S-1 (File No. 333-229926), including those under “Risk Factors” therein, and in the company’s other filings with the SEC. We caution you that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.


Contacts

Carter Glatt
Senior Vice President, Corporate Development, GTY
carter@gtytechnology.com
702-945-2898

Heather Hennessy
VP, Marketing, Bonfire
press@gobonfire.com
1-833-206-3473 x4