Leading citizen engagement platform acquired by Granicus
Austin, Texas – October 13, 2022 – Strattam Capital, a leading private equity firm that invests in founder-led, independent technology companies across North America, today announced that it has completed the sale of Rock Solid Technology, Inc. to Granicus, Inc.
Strattam invested in Rock Solid in 2018, partnering with Founder & CEO Rick Brown to accelerate Rock Solid’s growth in North America. Founded in 1997, Rock Solid’s OnePlatform suite digitally bridges the engagement gap between citizens and their local government with a modern end-to-end Citizen Engagement platform. Over the past four years, Rock Solid has expanded its offering with the acquisitions of CitySourced, PrimeGov, and Swagit, growing to serve more than 800 municipal customers across the US, Latin America, and the Caribbean. In 2021, Rock Solid named Tom Spengler, Chairman of PrimeGov and Founder of Granicus, as CEO of Rock Solid, and Rick Brown became Chairman of the Board.
“Rick and Tom have been exceptional partners through this transformative period of growth for Rock Solid,” said Jon Busch, Principal, Strattam. “They have built a world-class team and delivered on the vision of great service and solutions for customers across North America, Latin America, and the Caribbean.”
“Rock Solid is a great example of the Strattam investment process at work,” said Bob Morse, Managing Partner and Co-Founder, Strattam. “We agreed on the Five-Point Plan with Rick prior to our investment, and we worked together to execute the plan. We’re proud of what we accomplished together and thank Rick and Tom for their partnership.”
Strattam was awarded the 2019 “Private Equity Deal of the Year ($25M – $50M)” by M&A Advisory for its investment in Rock Solid.
William Blair and Wilson Sonsini Goodrich & Rosati advised Rock Solid on this transaction.
For additional information, please refer to the Granicus announcement which may be found by visiting https://granicus.com/press_release/granicus-acquires-govtech-innovator-rock-solid/.
About Strattam Capital
Strattam Capital invests in founder-led, independent, B2B software technology companies across North America. Headquartered in Austin, Texas, we connect companies with the people, process, and scale needed to reach their potential. We believe in aligning with founders before signing, via our Five-Point Plan process, to allow for execution with purpose, excitement, and efficiency. For more information, please visit Strattam.com.