GI Partners-backed GTY Technology completed the acquisition of DemandStar.

GI Partners-backed GTY Technology, a cloud software company, completed the acquisition of DemandStar, an online marketplace. Financial terms were not disclosed. “With the acquisition of DemandStar, we have assembled two leading companies in their field to deliver the most robust eProcurement solution to address the increasingly critical function that government procurement teams play within the agencies and communities they serve. This acquisition sets the precedent for future mergers and acquisitions initiated by GTY as we continue to focus on expanding the breadth and depth of our portfolio across public administration and civic engagement," TJ Parass, GTY Technology CEO.