Advised on Sale of Company

Technology

Government Brands

Leading provider of government SaaS software and integrated payment solutions. United States of America

Acquired 100% of Business Operations

On Point Technology, Inc.

Commercial software for state workforce agencies United States of America

Advised On Point Technology, provider of software for state workforce agencies, on its sale to Government Brands

Capstone Partners advised On Point Technology, LLC on its acquisition by Government Brands, a portfolio company of PSG and TPG.

 

Founded by former state and federal agency staff and executives, On Point Technology provides integrated solutions that detect and combat Unemployment Insurance (UI) fraud while streamlining benefits agencies’ workflows. With the largest footprint in the UI industry, more than half of U.S. states rely on On Point’s solutions. They are also the only vendor called upon to give expert testimony before Congress on the challenges facing the UI benefits system. Following the surge in Unemployment claims during the COVID-19 pandemic and the challenges that volume brought to already-burdened agencies, demand for UI fraud prevention services spiked, and the acquisition by Government Brands will help facilitate On Point’s continued growth.

 

Government Brands provides comprehensive, vertically focused, subscription software and payment solutions for government entities that streamline revenue collection, better engage the public, and deliver enterprise-level solutions that simplify court management, tax reporting, and accounting processes. Government Brands offers solutions for all sizes of government–municipalities, counties, states, and federal agencies—and is one of the only platforms of scale optimizing government operations and revenue collection through one holistic platform. Serving more than 7,000 government clients in 54 North American states and provinces and processing more than $10 billion annually, Government Brands drives innovation and transformation with best-in-class technology to meet the expectations of a modern digital government.

Experts who worked on the transaction