Insight Partners Backs Government Technology Provider CivicPlus with $290m Investment

CivicPlus LLC, a provider of websites and other technology to local governments, has received a $290m cash infusion from technology investor Insight Partners. The $290m investment marks an exit for BV Investment Partners, a CivicPlus backer since 2019.

The Manhattan company sells cloud-based software and services to local governments and got its start in 1998 helping cities and counties build websites.

With Insight Partners’ backing, CivicPlus will accelerate the marketplace impact of its Civic Experience Platform, which enables local governments to optimise interactions with citizens across every department and every service. With the Civic Experience Platform, local governments increase citizen satisfaction, maximise revenue generation, and operate more efficiently.

Brian Rempe, CivicPlus Chief Executive Officer, says that Insight Partners is the ideal investment partner for CivicPlus as the company aggressively moves to support the evolving needs of local governments.

“Insight Partners is dedicated to high-growth software companies,” said Rempe. “They have extensive expertise and have successfully supported many technology innovators on the brink of revolutionising user experiences. Insight understands the fundamental changes in the relationship between local governments and their citizens, and they value our vision of enabling civic leaders to optimise that relationship.”

Source: Wall Street Journal & PR Web