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The largest provider of Environmental Health Data Management Solutions in North America: HS GovTech’s 23-Year Legacy

Posted by Brittany McNabb at 2:03 PM on Wednesday, November 15th, 2023

Unrivaled Excellence in Environmental Health Solutions: HS GovTech’s 23-Year Legacy Amidst Pending Acquisition

In the dynamic landscape of Environmental Health (EH) technology, HS GovTech stands tall, boasting the largest user base ever witnessed in EH departments across North America. With over 5,000 regulatory professionals concurrently utilizing their highly configurable commercial-off-the-shelf (COTS) product, HS GovTech’s influence spans from small two-person departments to massive 1,100+ person entities. The company takes pride in holding the most extensive portfolio of statewide EH deployments, counting the states of Virginia, Tennessee, West Virginia, Oregon, Wisconsin, among its esteemed clients.

Building Trust Across States and Counties

HS GovTech has secured its position as the preferred choice for major City and County EH Departments nationwide, earning trust from entities such as the City of San Francisco, Orange County CA, City of Dallas, Cleveland Ohio, Memphis, TN, and many more. This broad and diverse client base stems from the company’s commitment to delivering best-in-class technology coupled with ongoing innovation, all spearheaded by a seasoned team dedicated to the EH sector.

HS CloudSuite™: A Comprehensive EH Solution

At the heart of HS GovTech’s success lies its flagship product, HS CloudSuite™, featuring over 60 unique regulatory modules for EH. Covering everything from food and pools to lead, rabies, and onsite septic and wells, it stands as the most comprehensive solution available for environmental health agencies. Boasting an impressive RFP award rate exceeding 98%, HS GovTech has also achieved the highest customer retention rate in the past 23 years, a testament to their unwavering commitment to post-sale support and continuous innovation.

Navigating a New Horizon: Pending Acquisition by Banneker Partners

In an unexpected turn, Banneker Partners has entered into a definitive arrangement agreement to acquire HS GovTech Solutions Inc., an industry-leading Software as a Service company serving the state, provincial, and local government market across the United States and Canada. This strategic move promises to usher in new dimensions of growth and innovation, shaping the EH technology landscape in unprecedented ways.

In an industry where passion meets public health mission, HS GovTech’s 90+ member strong team remains steadfast, embodying a legacy built on innovation, excellence, and an unyielding dedication to serving their partner EH agencies. With 23 years of industry leadership, HS GovTech continues to redefine the standards of Environmental Health solutions, setting the stage for a future of unparalleled success and impact.

 

YOUR NEXT STEPS

Visit $HS HUB On AGORACOM: https://agoracom.com/ir/HSGovTechSolutionsInc/profile

Visit $HS 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/HSGovTechSolutionsInc/profile

Visit $HS Official Verified Discussion Forum On AGORACOM:

https://agoracom.com/ir/HSGovTechSolutionsInc/forums/discussion

Watch $HS Videos On AGORACOM YouTube Channel:

https://youtu.be/9QVePnSMv6c

 

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Revolutionizing Government Data Management: The HS GovTech Effect All Cash Transaction Values Company at $33.3 million

Posted by Brittany McNabb at 10:50 AM on Tuesday, October 31st, 2023

In an era where data reigns supreme, the significance of effective collection, interpretation, and transparency cannot be overstated. The COVID-19 pandemic underscored this truth, thrusting data into the spotlight and highlighting its crucial role in decision-making.

One company that has been at the forefront of this data revolution is HS GovTech Solutions Inc. With a rich history of empowering government agencies, HS GovTech has evolved into a trailblazer in the realm of data management. The company’s mission has always been clear: to provide a comprehensive platform that transcends mere data collection for field inspectors. Today, they stand as the largest independent provider of environmental health data management solutions in North America.

HS GovTech’s journey began with software designed to streamline government environmental health departments’ permitting, inspection, and enforcement tasks. Over the years, this vision has expanded into an entire ecosystem of products, catering to a diverse range of government health and safety regulatory agencies. From restaurant inspections to fire safety assessments, HS GovTech has revolutionized how these agencies operate.

Key Highlights and Advantages:

Largest independent provider of environmental health data management solutions in North America.

Suite of cloud-based products adopted by hundreds of municipal and county governments, demonstrating the platform’s scalability. Statewide contracts with numerous agencies, solidifying HS GovTech’s dominance in this space

In Q2 2023, HS GovTech Solutions demonstrated significant growth, with total revenues surging to $2.04 million, marking an 11% increase from the previous year. Subscription revenues also saw a notable uptick, reaching $1.46 million, compared to $1.08 million in Q2 2022.

HS GovTech also announced an acquisition agreement valuing the company at $33.3 Million

HS GovTech Solutions a prominent SaaS provider for government agencies, has signed a definitive arrangement agreement with Banneker Partners LLC, a US private equity fund. This agreement marks a significant milestone in the company’s growth trajectory.

Potential Impact and Significance:

HS GovTech’s cloud platform addresses the evolving needs of governmental agencies. By digitizing and centralizing data, the company empowers governments to be more transparent, collaborative, and efficient. This shift has been pivotal, especially during the pandemic.

Expert Opinions and Analysis:

CEO Silas Garrison’s vision for HS GovTech transcends technological advancements. It revolves around understanding and serving the unique needs of governmental agencies. This focus on practicality and efficiency sets HS GovTech apart.

Challenges and Considerations:

While HS GovTech’s platform is transformative, challenges persist. Adapting to new technology is not always straightforward for governments. However, HS GovTech’s commitment to client satisfaction and support ensures a smooth transition.

HS GovTech’s journey mirrors the evolution of government technology itself. From the early integration of external tech to the advent of cloud-based solutions, they’ve been at the vanguard. Now, with the added dimensions of remote access tools and citizen engagement, HS GovTech stands poised to lead the way in data management for governments.

In essence, HS GovTech is to government data management what Microsoft Office is to business software. They offer an all-encompassing platform, redefining how governments interact with and utilize their data. As the world continues to navigate a data-driven future, HS GovTech’s role in this landscape cannot be overstated. They’re not just providing solutions; they’re revolutionizing the very essence of government technology.

HS GovTech Announces Acquisition Agreement Valuing the Company at $33.3 Million

Posted by Brittany McNabb at 9:11 AM on Monday, September 18th, 2023

HS GovTech Solutions Inc. (CSE: HS), a prominent SaaS provider for government agencies, has signed a definitive arrangement agreement with Banneker Partners LLC, a US private equity fund. This agreement marks a significant milestone in the company’s growth trajectory.

Key Transaction Highlights

  • All-Cash Deal: The arrangement agreement stipulates that Banneker Partners will acquire all outstanding common shares of HS GovTech for an all-cash consideration of $0.54 per share. This deal values HS GovTech at approximately $33.3 million.
  • Substantial Premium: Shareholders are set to receive $0.54 per share in cash, representing a remarkable 151.2% premium over the closing price of $0.215 and a substantial 174.1% premium over the 20-day volume-weighted price of $0.197 per share on September 15, 2023.
  • Unanimous Recommendations: Both the Special Committee and the Company’s Board unanimously recommend that HS GovTech securityholders vote in favor of the Transaction.

 
Words from Leadership

  • Ali Hakimzadeh, Chair of the Company’s Board, expressed his satisfaction with the transaction, highlighting that it offers securityholders a significant premium to recent trading prices. The Special Committee and the Company’s Board have both endorsed the Transaction as fair and beneficial to securityholders.
  • Kenneth Frank, Partner at Banneker Partners, praised HS GovTech’s robust technology platform and innovative product portfolio. Hugh Kirkpatrick, Principal at Banneker, expressed excitement about partnering with HS GovTech’s management team to drive continued growth and bring new solutions to the market.
  • Silas Garrison, Chief Executive Officer of HS GovTech, conveyed his excitement about the partnership with Banneker Partners. He emphasized that this partnership will allow the company to invest more in new features and products, advancing their mission of helping government agencies operate more efficiently.


Transaction Summary

  • Pursuant to the Arrangement Agreement, the Purchaser will acquire all issued and outstanding shares for $0.54 in cash per share, representing a premium to recent market prices.
  • The Arrangement Agreement also includes a non-convertible, unsecured, 10% interest-bearing loan of US$500,000 to cover expenses related to the Transaction.
  • The deal is subject to court approval, customary closing conditions, and regulatory approvals. It is expected to close in late November 2023.

Read Release: http://www.newswire.ca/en/releases/archive/September2023/18/c4118.html

VIDEO – HealthSpace $25M Pipeline, Record Revenues and Multiple Million $$ Contracts With Government Efficiency Software

Posted by AGORACOM-JC at 5:31 PM on Wednesday, February 23rd, 2022
Healthspace logo 300 x 100

If there is one thing we know about governments (local, state, Federal) it is they have lots of responsibility AND are hugely inefficient.  Who hasn’t had a bad experience with government departments a few times in their life? Much of it stemming from antiquated software systems that often fail to keep track of critical information.  

HealthSpace “is empowering governments efficiency” which in turn has powered them to become an industry leading technology company providing both enterprise and mobile internet-based applications to over 500 state, local and federal government organizations across North America.

More Than Just Lip Service

RECORD REVENUE:

●       $1.038M Q ending Sept 30, 2021. Up 66% vs 2021

●       ~$2.8M in 9 months revenue. Up 85% vs same period in prior year

●       $US 25M+ Sales Pipeline

MAJOR CONTRACTS:

●       Riverside County California (New)                                     $1.3M

●       Sacramento County California                                           $1.55M

●       Fraser Health, BC                                                                       $1.01M

●       Larimer County, Colorado and Ogle County, Illinois  $517,400

●       Anaheim Fire and Rescue Department                             $193,990

●       $340,000 in New Contracts with Health Canada, Johnson County, MO, Shelby County, TN and KFLA in Ontario

FINANCINGS:

●       $5.2 Million financings recently closed

On today’s interview we’ll be discussing, US$1.3 Million Contract with Riverside County, California.  This contract will add an average of US$148,000 in Annual Recurring Revenue not including future revenue anticipated as part of HSPay. 

What did HealthSpace CEO, Silas Garrison have to say?

“I am pleased to announce our first contract of 2022.  Fittingly, it is in California ; a market that we have served well and continues to look to us during a period of technology transition for environmental health departments across the state.  We appreciate the trust agencies all around California are placing in HealthSpace, and we look forward to much growth in the state, as well as the rest of the county, as we progress through 2022.”

Sit back, relax and watch this powerful interview.

VIDEO – HealthSpace Data Systems $HS.ca $HDSLF Aims to Redefine Government Efficiency with Explosive Growth & New Contracts

Posted by AGORACOM at 2:26 PM on Saturday, July 10th, 2021
HealthSpace HS 300 x 300

If there is one thing we know about governments – whether it’s at the local, state, or federal level – it is that they can be hugely inefficient.

HealthSpace Data Systems’ (CSE: HS) (OTCQB: HDSLF) (Frankfurt: 38H) “empowering government efficiency” solution has led the firm to become an industry leading tech pioneer, providing both enterprise- and mobile internet-based applications to more than 500 state and local government organizations in North America, including in California, Missouri, Illinois, Wisconsin and Ontario.

In April, HealthSpace launched GovCall, a teleconferencing platform focused exclusively on the government market. The company now offers the only integrated product suite that incorporates inspection, administration and analytics across all platforms in North America.

  • cloud-based and mobile platform helps revolutionize every aspect of government regulatory work
  • including licensing and inspections, accounting, even disease surveillance

The company continues to go from strength to strength. Last month, CEO Silas Garrison presented a sizable corporate update, outlining:

  • a strong start to the year: US$3.8M in new deals in Q1 2021 and US$5.6M in deals since the year’s start
  • Anticipate achieving US$8M in ARR under contract within the next 6-9 months.
  • This past December $HS raised more than CAD$6M million in equity. 
  • Will be used to deal with more aggressive R&D and feature development strategies, as well as handle the increasing volume of customers
  • $HS has doubled the number of team members over the last 9 months, with over 30 new hires, and has 74 full-time team members today
  • Paul Victor joined as our Head of Engineering in March
  • Chirag Bhatt joined the team in May as Director of Regulatory Affairs for Environmental Health. 
  • The total pipeline of deals stands at over US$22M, expected to close over the next 12-18 months.
  • Since last corporate update in Nov 2020, $HS has converted approximately US$7.3m of the pipeline to either signed or contract awards. 
  • Annualized, this is an 80% conversion rate from the pipeline (contract numbers, not by dollars).  As of today, the pipeline represents the addition of US$6.8M in new deals added to the pipeline in 2021.
  • The deals in this pipeline are of all sizes, ranging from US$9,000 to over US$5m.

We sat down with him to talk through the company’s progress and look ahead to 2022 and beyond.  

VIDEO – HealthSpace Data Systems $HS.ca $HDSLF Tackles Teleconferencing Frustrations with “GovCall,” a Bespoke Telegov Solution for Government Agencies

Posted by AGORACOM-JC at 5:24 PM on Tuesday, April 27th, 2021
HealthSpace HS 300 x 300

HealthSpace Data Systems’ (CSE: HS) (OTCQB: HDSLF) (Frankfurt: 38H) “empowering government efficiency” solution has empowered the firm to become an industry leading tech pioneer, providing both enterprise- and mobile internet-based applications to more than 500 state and local government organizations in North America. Including in:

  • Sonoma County, California
  • Jackson County, Missouri
  • Illinois
  • Wisconsin
  • Ontario, Canada

Today, the company announced the planned launch of a new platform, GovCall

GovCall will be a leading teleconferencing platform focused exclusively on the government market.  In order to accomplish this, the Company has entered into an exclusive partnership agreement with Iotum Inc., a leader in teleconferencing and group communications.

HealthSpace currently offers the only integrated product suite to incorporate inspection, administration and analytics across all platforms in North America.

  • A cloud-based and mobile platform helps revolutionize every aspect of government regulatory work
  • including licensing and inspections, accounting, even disease surveillance.

And underpinning its innovation is a robust business model:

  • Scalable with Strong Pipeline of Organic Growth
  • Fully funded and built to execute on all-time high sales pipeline of >$18m and growing
  • Sticky and Diversified Customer Base: Over 98% client retention year-over-year
  • Predictable Recurring Revenues, targeting $10m (Over 100% from YE2020) in Annual Recurring Revenue within 12 to 18 months

HealthSpace CEO Silas Garrison breaks down how GovCall will work and what it will mean for the company:

HealthSpace $HS.ca $HDSLF Announces Launch of New Website and Engagement with Market Awareness Advisory Groups

Posted by AGORACOM at 12:23 PM on Thursday, March 18th, 2021
HealthSpace HS 300 x 300

VANCOUVER, BC , March 18, 2021 /CNW/ – HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) (CSE: HS) ( Frankfurt : 38H) (OTCQB: HDSLF) is pleased to announce the launch of a new corporate website https://www.gethealthspace.com ) showcasing the Company’s suite of cloud-based and mobile solutions that are helping revolutionize the way governments interact with the citizens and businesses they regulate.

The site allows government agencies to learn more about the Company’s software platforms; from back-office data management, field staff mobile apps, and online engagement for private industry. It also provides easy navigation for investors to learn more about HealthSpace’s business as well as access market and financial information.

In conjunction with the launch, HealthSpace is pleased to announce it has entered into a number of partnerships with leading investor relations and marketing firms to assist with capital markets advisory and consulting, investor communication, online marketing and content creation.

Read More: https://agoracom.com/ir/HealthSpaceDataSystems/forums/discussion/topics/757569-healthspace-announces-launch-of-new-website-and-engagement-with-market-awareness-advisory-groups/messages/2308744#message