TLDR:
- Cox Enterprises has made a majority investment in OpenGov, a provider of cloud software for state and local governments, in an effort to close the technology gap in government services.
- The transaction values OpenGov at $1.8 billion, and the software is used for budgeting, accounting, procurement, asset management, and permitting by almost 1,900 customers in all states.
Cox Communications, a Cox Enterprises company, aims to help OpenGov grow and build for the future by delivering more effective and accountable government services, improving the overall experience for governments, residents, and businesses.
Cox Enterprises has announced a majority investment in OpenGov, a cloud software provider for state and local governments, with the goal of closing the technology gap that plagues government services. The transaction values OpenGov at $1.8 billion, and the software is utilized by almost 1,900 customers across all states for budgeting, accounting, procurement, asset management, and permitting.
OpenGov aims to confront challenges faced by governments, including higher demand for digital services, transparency expectations, cybersecurity risks, and a talent gap in the workforce. Cox Communications, a Cox Enterprises company, sees the investment as an opportunity to support OpenGov’s mission of delivering more effective and accountable government services, benefiting governments, residents, and businesses alike.
Alex Taylor, Cox’s chairman and CEO, expressed excitement about helping OpenGov grow and build for the future, emphasizing the importance of powering a better experience for all stakeholders. The partnership between Cox Enterprises and OpenGov highlights the commitment to improving government technology and services for the benefit of the community.