[NEWS] OpenGov acquires ViewPoint Cloud, adding building codes and permitting to its platform – Loganspace

Within the the same week that itintroduced a $51 million round of funding,OpenGov— the startup that gives SaaS tool designed to befriend governments and other civic organizations bustle their operations — is asserting anacquisitionto make greater the forms of tools it gives to customers.

The corporate has obtainedViewPoint, a platform venerable by city governments — customers at this time number 200 cities, cities, counties, and negate companies — to administer building codes and other the same databases, as neatly as interface with the final public to be conscious for permits and licenses connected to these solutions and guidelines.

The phrases of the deal have now not been disclosed. To be obvious, ViewPoint’s pudgy name is ViewPoint Cloud and it’s now to now not be puzzled with one more company called merely Standpoint, which — a little bit confusingly — also operates in the predicament of creating and construction, nonetheless wasobtained remaining year for approximately $1.2 billion.

OpenGovwas started below the premise of creating enterprise-grade choices for the final public sector that took into consideration a few of the in particular bureaucratic aspects of public sector change, nonetheless on the the same time offered choices that labored as neatly (if now not better for being extra tailored) as these built for the internal most sector.

Most of OpenGov’s change has been built organically — that is, from within the corporate — nonetheless it absolutely has also made a few acquisitions over the years to augment that — others encompass “civic intelligence” platform Ontodiaand High Democracy so as to add engagement tools — and right here’s also where ViewPoint fits in.

This is also alongside with a brand unique predicament of companies into the mix that customers can utilize to administer and provision purposes and licenses for issues like building codes, anin total thorny predicament rife with bureaucracy and arcane technicalitiesthat has lengthy been a thunder each for governments and these building housing and other constructions to navigate.

“I co-basically based this company with the premise that governments deserve slicing-edge technology,” said ViewPoint CEO Nasser Hajo in a relate. “ViewPoint has since grown to turn into the cloud-basically based fully allowing and licensing market chief, stretching the boundaries of what’s capacity to bring effectivity, transparency, and civic engagement to public companies. OpenGov is the main enterprise cloud tool company in the GovTech sector, and we can now not be extra overjoyed on the different to hitch forces and continue building the technology that can vitality governments for decades to near.”

ViewPoint has been around since 1995 and established a fairly narrow remit. nonetheless it absolutely has also built a solid change from that predicament, claiming customer retention of 98%. For OpenGov — which has 2,000 customers to ViewPoint’s 200 — which potential that now not proper a extra diversified product offering, nonetheless also one more line of predictable and habitual income.

“Now now not ideally suited are OpenGov and ViewPoint among the fastest-rising GovTech corporations, we are each the actual multi-tenant cloud platforms of scale in our respective categories,” said OpenGov’s CEO and co-founder Zac Bookman in a relate. “I will now not be extra enraged for our joint future and to bring this improbable tool to each govt that wishes to bewitch motivate of it.”

We’ve considered the upward thrust of a different of smaller startups which have been leveraging the cloud to fabricate tool to make a wide sequence of work-connected duties extra ambiance pleasant. Govtech — with its focal level on slicing down bureaucracy, bettering safety and reducing employ — has been fertile ground for these startups to take care of, nonetheless longer interval of time that can even imply extra consolidation as greater corporations ogle to diversify and make greater their platforms, and smaller startups receive it more difficult to scale. That would per chance maybe most definitely also spell extra acquisitions for OpenGov, which is backed by some $140 million with consumers alongside with Weatherford Capital, 8VC (whose founder, Joe Lonsdale, also will be a co-founder of OpenGov), Andreessen Horowitz, JC2 Ventures and Emerson Collective (the funding agency connected to Laurene Powell Jobs).