Delta-V, OpenView Venture Partners and Sapphire Ventures have sold Socrata to Tyler Technologies
Client: Delta-V, OpenView Venture Partners, Sapphire Ventures
Client Location: United States
Target: Socrata Inc.
Target Location: United States
Acquirer: Tyler Technologies
Acquirer Location: United States
Target Description: Socrata is the industry leader in open data and data-as-a-service solutions for government, providing cloud-based data integration, visualization, analysis and reporting solutions for state, local and federal governments and agencies, as well as internationally, to improve their performance, increase accountability, gain better financial insights and extend citizen engagement.
Our Perspective
“We were thrilled to partner with the Socrata management team and board on this process,” said Clark Spurrier, Managing Director at Lincoln. “This transaction reflects our firm’s ongoing commitment to data management and vertical software as a service (SaaS) sectors. Further, we are elated to play a small role in our government’s evolution towards a data-driven approach that will better serve citizens across the nation.”
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