Terms of the deal were not disclosed.
Mississippi-based BBI, founded in 1982, provides software to more than 300 cities, utilities and water associations in that state and Louisiana. Clients use the company’s technology for such tasks as billing, accounting, taxes, permitting and court fines, according to the statement announcing the deal.
The acquisition gives gWorks more capability to serve small and medium-sized governments, according to the statement.
“At gWorks, our priority has always been supporting our customers and ensuring they have the tools and assistance they need to succeed,” said Moneesh Arora, CEO of gWorks, in the statement. “By bringing BBI into the gWorks community, we are reinforcing our commitment to delivering exceptional service, dedicated support and an enhanced experience for every user.”
The deal stands as the eighth acquisition in a decade by gWorks, which launched about 45 years ago and has more than 2,500 clients.
It also is the fifth acquisition since the company won private equity backing from BV Investment Partners in 2022 — illustrating the growing power of private equity funding in the government technology industry.
Just shy of a year ago, gWorks bought Freedom Systems, a Pennsylvania firm that also focuses on municipal clients.
