In a bold move to bridge the technological divide within government operations, OpenGov, the cloud software frontrunner for government agencies, has snagged a majority stake courtesy of Cox Enterprises. The deal, propelling OpenGov's valuation to a lofty $1.8 billion, is set to usher in a new era of efficiency and transparency in the public sector.

With this partnership, OpenGov stands to fortify its role in the GovTech market, offering its services across all 50 states to nearly 1,900 clients. The company's suite, providing critical tools for budgeting, accounting, and asset management, now touches the lives of one in every three Americans, an impressive reach by any metric.

Zac Bookman, co-founder and CEO of OpenGov, painted a visionary picture of the future, "We started this company to power more effective and accountable government. We’ve grown thanks to outsized investments in engineering and customer success and because of an extraordinary team aligned on values, hard work, expertise, and passion," according to an OpenGov press release. "With this investment, one of the largest in GovTech history, we intend to accelerate product development, advance our mission, and improve communities for generations."

The ethos behind the investment aligns closely with the missions of both entities, characterized by a steadfast commitment to propelling mission-driven companies toward lasting impact. Cox Enterprises is no stranger to nurturing ventures that take on some of the country’s more pressing challenges, from bolstering broadband access to innovating in renewable energy sectors. This historic engagement with OpenGov marks their largest entry into new industry terrain.

Public sector software has long been dominated by outdated systems that can't keep pace with the increasing demand for digital services and transparency. However, OpenGov's cloud solutions are specifically engineered to counter modern hurdles like cyber threats, a retiring workforce, and heightened expectations of civic engagement. "This is an important time for our country in many ways," said Alex Taylor, chairman and CEO of Cox Enterprises. "Now, all these years later, we are very excited to help OpenGov grow and build for the future. Powering more effective and accountable government is an inspiring mission, and OpenGov delivers a better experience for governments, residents and businesses alike."