themagtech

Cox Enterprises announced acquiring a majority ownership stake in OpenGov, a leading provider of cloud-based software solutions for government organizations. This move strengthens Cox’s position in the government technology sector and expands its portfolio of digital solutions. In the agreement, OpenGov’s executive teams and employees will retain a significant portion of their equity and remain in charge of operations within Cox’s framework.

OpenGov’s products are trusted by nearly 1,900 customers across all 50 states for budgeting, accounting, procurement, asset management and permitting, fostering efficiency, adaptability and public trust. With OpenGov software, one in three people in the U.S. reap the benefits.

Cox and OpenGov share aligned missions and values, driving their partnership. With a history of investing in mission-driven enterprises, Cox aims to empower long-term impact, addressing critical societal challenges. This partnership marks Cox’s commitment to bridging the technology gap in government sectors.