GTY Technology’s Budgeting Solution Awarded $6 Million in New Contracts

LAS VEGAS–(BUSINESS WIRE)–GTY Technology Holdings Inc. (Nasdaq: GTYH) (“GTY”), a leading vertical
SaaS/Cloud solution for the public sector, is pleased to announce over
$6 million in newly awarded contracts to one of its leading budgeting
solutions, Sherpa Government Solutions (“Sherpa”).

The contracts were awarded by the City of Phoenix, AZ (the fifth largest
city in the United States), Riverside County, CA, (the tenth largest
county in the United States), and Yolo County, CA (comprised of four
cities). The contract with the City of Phoenix represents one of the
largest bookings in the history of GTY’s six business units.

“These contract wins demonstrate that the GTY opportunity is happening
now. We are pleased to add the City of Phoenix and Riverside and Yolo
Counties to our growing roster of clients and look forward to working
with each of them to provide a best-in-class budgeting solution,” said
Stephen Rohleder, Chairman and CEO of GTY.

Sherpa provides a comprehensive public sector budgeting solution,
combining business process consulting and flexible software to produce
breakthrough results. Through Sherpa’s highly configurable software,
cities create a collaborative budget to support their strategic vision.
Performance management is integrated into the budget process with
built-in predictive tools identify trends to plan for the future.

“Our budgeting solutions continue to be chosen as a strategic partner
for some of the country’s most prominent cities and counties,” said
David Farrell, CEO of Sherpa. “We could not be more excited to be
partnered through the business combination with GTY and our win with the
City of Phoenix is indicative of the benefits of our partnership.
Together, along with GTY’s other leading business units, we offer a
unique breadth of solutions for the government sector and these customer
wins demonstrate the momentum our team of companies is already driving
in the industry.”

About GTY Technology Holdings Inc.

GTY Technology Holdings Inc. is a leading public sector SaaS company
which offers a cloud-based suite of solutions for North American state
and local governments. For more information, please visit www.gtytechnology.com.

About Bonfire

Bonfire,
a leader in strategic sourcing and procurement technology, empowers
organizations to make the right purchasing decisions. With tools to
support the entire vendor lifecycle (sourcing, contract management, and
vendor performance), Bonfire goes beyond traditional mechanics to make
complex decision making easy. Bonfire works the way you do on a single
cloud platform designed to unite stakeholders, absorb compliance
requirements, and facilitate advanced evaluation techniques. The
combination of flexible technology with world-class customer service
makes Bonfire the solution of choice for both public and private sector
organizations of all sizes around the globe. Bonfire was named as a 2018
Gartner Cool Vendor and proudly reports a client retention rate greater
than 96 percent.

About CityBase

CityBase
gives people and businesses an intuitive way to interact with utilities
and government agencies. CityBase’s technology dramatically improves
constituent services through payment solutions, digital services and API
development for cities, states and utilities.

About eCivis

Since 2000, eCivis
has been the most trusted and widely used SaaS grant management system
by state, local and tribal governments. eCivis helps thousands of
government agencies maximize their grant revenues, track their financial
and program performance, prepare cost allocation plans and budgets, and
access free open data tools to make sense of Federal data.

About Open Counter

Open
Counter builds user-friendly software to guide applicants through
complex permitting and licensing procedures, guiding applicants through
the process by estimating the total fees and requirements for the
project, and allowing applicants to apply and pay for permits online.

About Questica

Questica’s
budget preparation and management software suite – Questica Budget –
Integrates with more than 25 financial systems and other systems. This
ensures organizations can access all the information they need to
develop, track, monitor and adjust their budgets, plus report out to
stakeholders when and to who they need to. Questica Budget Suite’s
Operating, Salary, Capital and Performance modules ensure public sector
organizations have a clear view into their budgets, forecasts and
expenditures, thus enabling those organizations to deliver on their
financial and non-financial strategic objectives. Additionally,
Questica’s easy-to-use OpenBook transparency and data visualization
software can be used to share an organization’s financial and
non-financial information with both its internal and external
stakeholders.

About Sherpa

Sherpa
is a provider of public sector budgeting software and consulting
services. Sherpa’s highly-configurable software enables rapid and
collaborative implementations. Clients have benefitted from a unique
deployment model, staffing projects with consultants averaging 20 years
of experience and having one project team from sales through
implementation to post-implementation support.

Forward-Looking Statements

This press release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The combined company’s actual results may
differ from GTY’s and the combined company’s expectations, estimates and
projections and, consequently, you should not rely on these forward
looking statements as predictions of future events. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the combined
company’s expectations with respect to future performance and
anticipated impacts of the business combination. These forward-looking
statements involve significant risks and uncertainties that could cause
the actual results to differ materially from the expected results. Most
of these factors are outside of the combined company’s control and are
difficult to predict. Factors that may cause such differences include,
but are not limited to: (1) the risk that the business combination
disrupts current plans and operations; (2) the ability to recognize the
anticipated benefits of the business combination, which may be affected
by, among other things, competition, the ability of the combined company
to grow and manage growth profitably and retain its key employees;
(3) costs related to the business combination; (4) the outcome of the
New York and California lawsuits among the Company, OpenGov, Inc. and
the other parties thereto, as well as any other legal proceedings that
may be instituted against the combined company in connection with the
business combination; (5) the inability to maintain the listing of the
combined company’s common stock on The Nasdaq Stock Market; (6) changes
in applicable laws or regulations; (7) the possibility that GTY may be
adversely affected by other economic, business, and/or competitive
factors; (8) any government shutdown which impacted the ability of
customers to purchase GTY’s products and services; and (9) other risks
and uncertainties included in the final proxy statement/prospectus filed
with the Securities and Exchange Commission (the “SEC”) on January 31,
2019 , including those under “Risk Factors” therein, and in GTY’s other
filings with the SEC. We caution you that the foregoing list of factors
is not exclusive, and readers should not place undue reliance upon any
forward-looking statements, which speak only as of the date made. We do
not undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements to
reflect any change in our expectations or any change in events,
conditions or circumstances on which any such statement is based.

Contacts

Carter Glatt
Senior Vice President, Corporate Development, GTY
carter@gtytechnology.com
(702)
945-2898