May 2026
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Largest GovTech Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Elm, Tyler Technologies, TechnologyOne, Parsons and Cellebrite.
 | ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis and Technical solutions. The segments are Digital Business, Business Process Outsourcing and Professional Services, out of which the majority are from the Digital Business segment. | $192 | -30% | $15B | $15B | 5.7x | 21.6x | ||
 | Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company’s three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services. | $323 | -44% | $13B | $13B | 5.6x | 19.9x | ||
 | Technology One is a technology company providing enterprise resource planning software, primarily to governments, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer. | $20 | -32% | $7B | $6B | 14.8x | 33.2x | ||
| Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe. The company derives maximum revenue from Federal Solutions segment. Geographically, the company derives revenue from North America; Middle East; and Rest of the World, of which North America derives maximum revenue. | $51 | -21% | $5B | $7B | 1.1x | 11.2x | ||
 | Cellebrite DI Ltd is an Israeli digital intelligence company that provides tools for federal, state, and local law enforcement as well as enterprise companies and service providers to collect, review, analyze, and manage digital data. Some of its products include Cellebrite UFED, Cellebrite Physical Analyzer, Cellebrite UFED Cloud, Cellebrite Frontliner, Cellebrite Responder, Cellebrite Premium, and Cellebrite Seeker. | $13 | -19% | $3B | $3B | 6.2x | 23.1x | ||
| Maximus Inc designs, develops, and delivers programs enabling people to access vital government services. It translates health and human services public policy into operating models that achieve outcomes for governments at scale. The company covers a broad array of services, including the operation of large health insurance eligibility and enrollment programs; clinical services, including assessments, appeals, and independent medical reviews; and technology services. The company operates through the following segments: U.S. Federal Services, U.S. Services, and Outside the U.S. A majority of its revenue is derived from the U.S. Federal Services segment, which engages with various U.S. federal government agencies to deliver clinical services, maintenance services, and technology solutions. | $60 | -17% | $3B | $5B | 0.9x | 7.0x | ||
 | Zetrix AI Bhd is engaged in blockchain and artificial intelligence solutions. The company operates Zetrix, a Layer-1 public blockchain platform that supports cross-border digital identity verification and smart contract capabilities. | $0 | -10% | $2B | $2B | 5.7x | 7.3x | ||
| CBIZ Inc through its subsidiaries provides professional services advisors to middle-market businesses and organizations nationwide. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Banking & Financial Services, Commercial Real Estate, Construction, Health Care Manufacturing & Distribution NFP & Education, Private Client Services, Professional Services, Public Sector, and Technology & Life Sciences. It derives the majority of its revenues from the Financial Services segment and geographically from the United States. | $31 | -57% | $2B | $4B | 1.3x | 8.1x | ||
| Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries. | $31 | -49% | $1B | $3B | 2.3x | 6.4x | ||
 | Secunet Security Networks AG is an IT and telecommunications security provider. It offers public-sector clients and private-sector companies a comprehensive portfolio of products and consulting services for the protection of data, infrastructures, and digital identities as well as for information transmission, storage, and processing. Its services include consulting on IT security, software development, development, integration, operations, maintenance, and support of products. The company operates through two divisions, Public Sector, and Business Sector. The company generates maximum revenue from Public Sector. | $223 | -6% | $1B | $1B | 2.6x | 15.5x | ||
 | Beijing eGova Co Ltd is a high-tech software company. It provides solutions in the digital city management, innovation and social management, intelligent transportation, and safe city fields in China. The company offers digital city management software and a grid of social service management systems; digital law enforcement management software and systems; three-dimensional imaging and mobile road measurement systems. | $2 | -22% | $1B | $1B | 12.3x | (21.8x) | ||
| Fujian Boss Software Corp formerly known as Fujian Boss Software Development Co Ltd provides software products and services in China. The company offers financial notes and non-tax collection management products, including non-tax revenue collection management platform, financial notes electronic management systems, government procurement platform, departmental budget management software, departmental accounts reporting software, asset management platform, financial integration system. | $1 | -33% | $1B | $1B | 3.5x | 26.0x | ||
| Guotai Epoint Sofware Co Ltd provides software-centric smart overall solutions for the three sub-fields of smart recruitment, smart government and digital construction in smart cities. | $3 | -23% | $1B | $604M | 2.2x | 39.0x | ||
| Linewell Software Co Ltd is engaged in software development. The Company provides services to government, party, military, public security, transportation, smart city and other areas, systems integration and technical services within software enterprises. | $2 | +8% | $1B | $1B | 10.0x | (24.8x) | ||
| Sichuan Jiuyuan Yinhai Software Co Ltd provides enterprise application software solutions and integrated services for livelihood and defense industries. The company's businesses and products coverage of human resources and social security, medical hygiene, provident fund, civil affairs, food and drug supervision, smart city, military and civilian products, and digital military. | $3 | 0% | $1B | $986M | 5.4x | 44.4x | ||
| Beijing E-hualu Information Technology Co Ltd is engaged in building a data lake, a digital economic infrastructure with Chinese characteristics. It provide ecological operation services for building an intelligent economic model that is data-driven, human-machine collaborative, cross-border integrated, and co-created and shared. | $1 | -61% | $881M | $2B | 22.9x | (5.1x) | ||
| Objective is a founder-led technology company providing software and services for compliance with government regulations. Objective’s primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs. | $8 | -45% | $725M | $664M | 7.7x | 19.0x | ||
 | People & Technology Inc is engaged in manufacturing of special-purpose machinery. It operates the business through film division, battery division, copper division, non-woven division, and water division. Its products include li-ion battery sequential both-side coater, electronic deposition machine, non-woven auto turret winding machine. | IoT+2 | $30 | -- | $701M | $858M | 1.7x | 12.0x | |
 | IDOX PLC is a supplier of software and services for the management of Local Government and other organizations. The company provides public sector companies with tools to manage information and knowledge, documents, content, business processes and workflow, and elections management solutions. Its operating segments include Land, Property & Public Protection (LPPP), Assets and Communities. The company generates majority of its revenue from the LPPP segment, which includes delivering specialist information management and data services solutions and services to the public sector and private sectors. Geographically, it derives the maximum revenue from the United Kingdom, followed by the USA, the Rest of Europe and the Rest of the World. | $1 | +24% | $439M | $460M | 3.8x | 12.6x | ||
 | Digital Arts Inc develops Internet filtering software for business, private, and educational use. Its products protect users and networks from harmful Internet content and prevent inappropriate usage. Its software products are supplied to the corporate, public-sector (government ministries and agencies and schools), and consumer markets. | $27 | -40% | $368M | $220M | 3.5x | 6.4x | ||
| Nuix Ltd is a software company providing investigative analytics and intelligence software. It develops products like Nuix Discover, Nuix Investigate, and Nuix Workstation for advisory firms, litigation support vendors, corporations, governments, and law enforcement agencies globally. The company mainly earns revenue from software license fees. Its Nuix Neo platform offers AI-powered solutions for data privacy, investigations, and legal eDiscovery through a scalable browser interface. Nuix processes both structured and unstructured data, transforming it into searchable assets to support investigations, compliance, and fraud detection. Customers are located across Asia Pacific, the Americas, Europe, the Middle East, and Africa, with the majority of revenue from the Americas. | $1 | -46% | $323M | $298M | 1.9x | 8.7x | ||
 | Protean eGov Technologies Ltd is engaged in providing Information Technology (IT) enabled e-Governance services. It works on tax modernization, open digital ecosystems, and social security-related projects. It offers citizen services, e-governance solutions, system integration, business process re-engineering, data center co-location, and IT consulting services for citizens, corporations, and the government. Some of the projects that the company works on include the acceptance and processing of PAN applications, e-KYC, GST verification, PAN verification, and others. Geographically, the company currently offers its services only in India. | $6 | -45% | $231M | $206M | 2.1x | 13.3x | ||
 | cBrain AS is a software engineering company headquartered in Denmark. The company is created from the collective ambition of IT industry pioneers and technology innovators to help governments transform and thereby contribute to creating efficient, accountable and transparent public institutions. The company has developed a Commercial Of-The-Shelf (COTS) software platform named F2, built for government organizations focused on fast-tracking digital transformation at scale. | $10 | -63% | $189M | $186M | 4.7x | 13.7x | ||
| Acusensus Ltd is involved in developing and commercializing intelligent traffic solutions technology. Its 'Heads-Up' solution has been designed to give authorities a tool to address distraction and other illegal driver behavior, to drive behavioral change on the road network. It also provides Data security solutions. The company's main objective is to Pioneer intelligent solutions to tackle difficult societal challenges, reduce road trauma and save lives. Geographically the company generates the majority of its revenue from Australia. | $1 | +46% | $169M | $145M | 3.4x | 39.3x | ||
 | WonderFi Technologies Inc is a technology company with the mission of creating digital access through its platforms. It operates in three segments: Trading, Payments, and Corporate. The Trading segment, comprising Bitbuy, Coinsquare, and CoinSmart crypto exchange platforms, generates the majority of the company’s revenue. | $0 | +1% | $167M | $149M | 4.4x | (5.9x) | ||
 | Micro Systemation AB is engaged in product development, production, and sales of solutions within the area of mobile digital forensics. It provides software products to extract, analyse and present data from digital devices, predominantly mobile phones. The company has three main product families: XRY, XAMN, and XEC. The products are used mainly by police, military, and intelligence agencies and are effective tools for securing evidence. | $8 | +45% | $139M | $131M | 2.7x | 14.9x | ||
| Advenica AB is a Sweden based company involved in providing cyber security solutions in the areas of National Security, Public sector, Critical infrastructure, and Corporate. The product offerings of the company include Data Diodes, ZoneGuard, SecuriRAM, File Security Screener and Secure Remote Access among others. | $2 | -6% | $104M | $96M | 4.2x | 26.3x | ||
| Made Tech Group PLC is a provider of digital, data, and technology services to the UK public sector. The company's service offerings include digital service delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation. The company generates the majority of its revenue from the provision of digital services. | $1 | +24% | $76M | $61M | 1.0x | 13.0x | ||
 | Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies. | $4 | +3% | $75M | $137M | 3.6x | 10.9x | ||
| Argo Corp is a new technology venture focused on transforming public transportation and improving mobility within and across Canadian cities. The company is using Canadian technology to remove barriers to transportation services. The company operates in Two segments: Canada and USA. | $0 | -43% | $64M | $66M | 40.8x | (6.5x) | ||
| Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals. , including fund accounting, grant management, and payroll to public service organizations. The company's revenue is divided into verticals namely, SylogistMission, SylogistEd, SylogistGov, and SylogistServices. It receives maximum revenue in the form of SaaS subscriptions. Geographically, the company offers its services to the United States of America, Canada, the United Kingdom, and other regions. The majority of the revenue comes from the United States of America. | $2 | -63% | $56M | $67M | 1.5x | 10.2x | ||
| XBP Global Holdings Inc is a multinational technology and services company that drives intelligent workflows for organizations. Through its proprietary platforms, agentic AI-driven automation, and domain expertise across industries and the public and private sectors, the firm enables its clients to entrust their digital transformations and workflows. By combining innovation with execution excellence, XBP Global helps businesses reimagine business process automation and enable digital transformation. | $2 | -77% | $28M | $422M | 3.0x | 65.8x | ||
| Signpost Corp is a Japan-based company engaged in the provision of information technology consulting services. The company operates through three segments namely Consulting business, DX Regional co-creation business and Innovation business. | $1 | -- | $17M | $9M | 0.5x | 7.1x | ||
 | Swvl Holdings Corp is a technology-driven mobility company that aims to provide reliable, safe, cost-effective and environmentally responsible mass transit solutions. It provides mobility solutions for enterprises and government and individual commuters across-multiple markets with clients such as Amazon, Bosch, E&, P&G and Siemens. The Company operates in Egypt, Saudi Arabia and the UAE. | $2 | -66% | $16M | $14M | 0.6x | 6.6x | ||
| Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include a full-range of one-piece GPS tracking devices, a device-agnostic operating system, a portfolio of software applications including smartphone, alcohol and predictive analytics, and a variety of accessory, service and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States. | $1 | -- | $7M | $46M | — | — | ||
| KLDiscovery Inc is a provider of technology-enabled services and software to help law firms, corporations, government agencies, and consumers solve complex data challenges. The company is engaged in providing technology-based litigation support solutions and services. | $0 | -- | $6M | $575M | — | — | ||
| Median | $2 | -26% | $570M | $590M | 3.5x | 12.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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