Edmunds GovTech Acquires RosTech to Enhance ERP Solutions
Deal News | Apr 15, 2025 | LLR Partners Inc
Edmunds GovTech, Inc. (EGT), an enterprise resource planning (ERP) software provider for local governments, has acquired RosTech, Inc., a software firm specializing in public utilities. This acquisition, which aims to enhance service offerings in the local government and utility markets, aligns with EGT's strategy of finding partners with positive culture and customer-centric values. Edmunds GovTech, based in Northfield, New Jersey, operates across 30 U.S. states, providing software solutions to over 2,200 local governments. RosTech, founded in Maryland, brings expertise in IT services for utility billing systems. The acquisition allows RosTech to leverage expanded resources and expertise. Both companies will retain their operations and staff, striving to enhance customer experiences with a continued focus on exceptional service. The press release was shared jointly by Edmunds GovTech and RosTech, with no alterations by LLR Partners, the backing firm for Edmunds.
Sectors
- Enterprise Resource Planning (ERP) Software
- Public Utilities Software
Geography
- United States – Both companies operate within the United States, and Edmunds GovTech serves clients in 30 states.
- Maryland – RosTech is headquartered in Maryland, making this geography particularly relevant.
- New Jersey – Edmunds GovTech is headquartered in Northfield, New Jersey, underscoring this geographic relevance.
Industry
- Enterprise Resource Planning (ERP) Software – Edmunds GovTech provides ERP software solutions to local governments, making this industry highly relevant.
- Public Utilities Software – RosTech specializes in software for public utilities, focusing on utility billing systems, aligning this industry classification with their operations.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Edmunds GovTech, Inc. | Acquirer | Company | A leading provider of ERP software solutions for local governments, headquartered in New Jersey. |
| RosTech, Inc. | Target Company | Company | A software company specializing in serving small to mid-sized public utilities, based in Maryland. |
| LLR Partners Inc. | Private Equity Firm | Company | The private equity firm backing Edmunds GovTech. |
| Bob Edmunds | CEO and Executive Chairman | Person | CEO and Executive Chairman of Edmunds GovTech. |
| Jean Zakotnik | Product Director | Person | Product Director of RosTech's UMBS solution and founder of RosTech. |