REDWOOD CITY, Calif., Oct. 20, 2017 /PRNewswire-USNewswire/ -- Today, OpenGov - the leader in government budgeting, operational performance, and citizen engagement solutions - expands its platform with the acquisition of Peak Democracy. Peak Democracy's core product, Open Town Hall, will be integrated into OpenGov's easy-to-use, integrated Smart Government Cloud™, which features robust solutions for Budgeting, Operational Performance, and Citizen Engagement.
"OpenGov's mission is to power more effective and accountable government," said Zachary Bookman, CEO and Co-Founder of OpenGov. "Peak Democracy joining OpenGov enables us to offer the industry's most complete Citizen Engagement solution, and adds a participatory budgeting capability to OpenGov Budget Builder. Using OpenGov, governments can now share their stories via data, narratives, and multimedia; solicit feedback from citizens; and incorporate the feedback into their plans, budgets, and day-to-day operations."
This acquisition is a milestone for OpenGov that comes on the heels of several other announcements: the company closed a $30 million Series C funding round led by Emerson Collective (bringing total funding raised to date to $80 million); nearly 100 customers have adopted the company's Budgeting solution in less than one year; and major enhancements have been made to the company's Operational Performance solution (including the introduction of Performance Measures).
"Teaming up with OpenGov was a no-brainer given we have such complementary products and similar missions - to build public trust and to power more effective and accountable government," said Peak Democracy CEO and Co-Founder Robert Vogel. "This deal is great news for our customers because OpenGov will invest heavily in making Open Town Hall an even more effective channel for engaging citizens."
Peak Democracy is OpenGov's second acquisition. In April of 2016, OpenGov acquired Ontodia - the leading provider of open data solutions using CKAN, the premier open-source standard used by thousands of governments around the world. Since then, Since then, OpenGov has successfully integrated the company's team and technology, become the top contributor to the open source CKAN standard in the U.S., and helped numerous forward-thinking cities like Boston launch the next generation of open data portals.
OpenGov is the leader in government budgeting, operational performance, and citizen engagement solutions. It's mission is to power more effective and accountable government.
Over 1,600 public agencies in 48 states are part of the growing OpenGov network. Founded in 2012, OpenGov customers include the State Treasurer of Ohio, the city of Minneapolis, MN; Maricopa County, AZ; and Washington, DC. OpenGov is backed by Andreessen Horowitz, Emerson Collective, 8VC, and Thrive Capital and has headquarters in Redwood City, CA.