Keep pulling the thread on Zac Bookman.
An unnamed investor valued OpenGov at approximately $800 million just two months before the company was acquired by Cox Enterprises for $1.8 billion.
Cox Enterprises acquired OpenGov for $1.8 billion in a deal that closed as of February 2024.
OpenGov has been selected by the city of San Francisco to lead the "Permit SF" initiative, a complete overhaul of the city's permitting and licensing systems.
OpenGov provides software to over 2,000 government agencies across the United States.
OpenGov's competitive strategy focuses on replacing legacy Oracle systems within government agencies.
Tyler Technologies, a competitor to OpenGov, trades on the S&P 500 with a market capitalization of approximately $25 billion.
Tyler Technologies generates over $2 billion in annual revenue and $300-400 million in free cash flow from selling software and services to state and local governments.
Central Square, a secondary competitor to OpenGov, is owned by Bain Capital and Vista Equity Partners and generates approximately $500 million in annual revenue.
Granicus is currently owned by the private equity firm Harvest Partners and generates about $400 million in revenue.
The COVID-19 pandemic accelerated the adoption of remote and online technologies for local governments, boosting OpenGov's business.
OpenGov is helping the city of Los Angeles prepare for the 2028 Olympics.
Access to IRS data is highly restricted, with only a few academics like Raj Chetty being granted permission to use it for research.