Cloud software acquisition completed with Cox Enterprises investment

Credit: OpenGov

Credit: OpenGov

The move will combine two cloud service providers that serve the public sector.

OpenGov, a software company known for its cloud services geared toward state and local governments, announced this week it has acquired Cartegraph, another public agency-focused cloud software developer.

Founded in 2012, California-based OpenGov builds cloud software for governments to track finances, permitting, planning, code enforcement and a host of other applications. Cartegraph, meanwhile, offers a suite of cloud-based tools for managing public works, utilities, parks and other facilities.

OpenGov co-founder and CEO Zac Bookman said in a news release that the acquisition will help bring two companies working to modernize governments under one roof.

“With this acquisition, we are bringing together two incredible, mission-driven teams to meet the needs of the public sector, now and for the future,” Bookman said.

The companies said the acquisition was completed with new funding from Cox Enterprises, the privately held Atlanta-based global communications and automotive giant with a history of investment in new and emerging technologies. Cox Enterprises also owns The Atlanta Journal-Constitution.

In 2021, Cox led a $50 million investment round in OpenGov. It was not immediately clear how much new funding the company contributed for the Cartegraph acquisition.

In a statement, Davis Roberson, Cox assistant vice president for strategy and investments and OpenGov board member, said the move will help empower local governments to operate more efficiently.

“We’re proud to be a part of their journey, and we’re looking forward to a long, bright future for the combined OpenGov and Cartegraph teams,” he said.