Plus, Intel buys Moovit for $900M, Ubicquia acquires CityIQ, Granicus helps Oklahoma handle influx of unemployment insurance claims and more...
GovTech Biz

TOP NEWS

Citing COVID-19, Sidewalk Labs Abandons Waterfront Toronto After two and a half years of development and less than a year after unveiling a $3.9 billion (Canadian) master plan, the New York-based Google affiliate has cut its losses and put Toronto’s smart-city project in limbo.

Intel Buys Moovit for $900M With Plans for Self-Driving Tech As Intel continues moving away from processors and desktops toward emerging technologies, its purchase of the Israeli mobility-as-a-service company signals a long-term interest in mobility data and self-driving cars.

Ubicquia Acquires Smart Streetlight Company CityIQ Ubicquia, a Florida-based company that makes sensors and software for light poles, bought competitor CityIQ from GE Current to improve its offerings for traffic optimization and public safety.

Oklahoma Takes On Mass Unemployment Through New Platform The state’s secretary of digital information says Oklahoma is prepared to handle hundreds of thousands of claims and billions of state and federal dollars through Granicus’ digital services platform.

Cooperative Purchasing Startup CoProcure Raises $2.4M The company, reporting a spike in activity from customers during the coronavirus pandemic, is adding to its investment total. CoProcure's software is meant to facilitate cooperative government purchasing.

MARKET SPOTLIGHT

Local Government Shed Jobs in April, and It Might Get Worse New numbers from the federal government show that government — and local government in particular — has not been immune from the current economic havoc. And because of budget cycles, the job losses might increase.

EVENTS

>e.Republic COVID-19 State & Local Gov’t Market Briefing UpdateAs we watch the “new normal” unfold, state and local budgets are becoming more fluid than ever. Despite the federal stimulus funds provided by the CARES Act, states and localities will face significant fiscal pressures. Regardless of cutbacks, technology will play a key role in helping mitigate these losses through a variety of solutions such as automation, security, mobility and cloud. State and local government agencies will also leverage new federal funding streams, shoring up revenue to implement new technology. Join Dustin Haisler and Joe Morris on May 19 at 11 a.m. PT/2 p.m. ET where they will provide an update on the state and local government market, discuss key trends, explore potential opportunities and help guide your government sales and marketing strategies now and in the future. Register now!

WATCHLIST

GovTech companies on our radar this week:

Tango Tango: Connecting mobile devices to public safety radio networks.

Run a GovTech company? Get on our radar here.

GovTech100

BIZ NOTES

>Aurigo has inked a contract with the city of Seattle to automate its contract management.

>Soofa will deploy signs in the city of Revere, Mass.

WHAT WE'RE READING

Tracking the COVID-19 Tracking Apps (MIT Technology Review)

The Impact of COVID-19 on Gender Equality (Alon, Doepke, Olmstead-Rumsey & Tertilt)

GovTechBiz is our weekly newsletter covering the companies, deals and trends in the business of gov tech. Got a news tip? Other feedback? We’re listening. Send it to GovTechBiz Editor Ben Miller at biz@govtech.com.

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