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GovTech Market Overview



In a day and age of rapid technological innovation, the public has come to demand an incredibly high level of technical sophistication from all aspects of their lives. Where the commercial sector has accelerated to meet this demand, the public sector has historically been resistant to change. The Government Technology (“GovTech”) sector arose in response to public demand for more efficient, affordable, and secure government processes from a segment plagued by antiquated systems and outdated procedures. Only recently have government entities begun leveraging innovative and agile solutions to meet increasing operational demands and produce more citizen value while remaining adherent to stringent budgets. This digital transformation has been catalyzed by federal programs and regulations, which are accelerating tech adoption by increasing capital investment and streamlining procurement processes. To capitalize on this trend, Catalyst is exploring GovTech businesses seeking to exploit the recent digital transformation of the public sector across North America and seize market share in a fragmented market.

 

 

At Catalyst, we employ a proactive, research-based approach to investing, targeting sectors experiencing outstanding growth. If you are an owner, operator, or investor in a growth stage company participating in the digital transformation of the public sector, we would like to hear from you. Please send inquiries and business plans to [email protected].

Portfolio News

K1 Invests Over $200 Million in Jobvite to Create Market-Leading Talent Acquisition Platform

K1 Investment Management made a majority investment in Catalyst portfolio company Jobvite, the industry leader in best-of-breed recruiting software. K1 and Jobvite also announced three major acquisitions: Talemetry, the award-winning recruitment marketing company, RolePoint, the leader in employee referral and internal mobility, and Canvas, the industry’s only text-based conversational recruiting company.

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