GI Partners, a private equity firm, completed the acquisition of GTY Technology, a provider of cloud software solutions, for $374m. "GI Partners has an excellent track record of supporting and adding value to leading software companies, and we are delighted to bring on a partner of GI Partners’ caliber. This transaction will provide immediate and substantial value to GTY shareholders. The Company will have greater flexibility to focus on executing our strategy, and we are excited to begin our long-term partnership with GI Partners," TJ Parass, GTY CEO.