Catalis acquires Axiomatic to strengthen its technology offerings.
FREMONT, CA: “Catalis is thrilled to integrate Axiomatics solutions to automate the state property tax oversight process and to expand the valuation tools and workflow solutions we offer for end-users," says John Kristel, CEO of Catalis. Catalis, a leading government Software as a Service (SaaS) and integrated payments provider in North America, is expanding. Catalis has acquired New Hampshire-based Axiomatic, a leading provider of web-based solutions and services for state property tax oversight and administration throughout the United States.
“Axiomatics state-level-focused tax oversight and administration solutions are a fantastic complement to Catalis existing product capabilities,” adds Kristel.
Catalis is a trusted technology partner for thousands of government entities in the United States and Canada. Its acquisition of Axiomatic is part of its commitment to continue providing clients with innovative technology and an expanding suite of solutions, including expanding its Computer Aided Mass Appraisal (CAMA) subject matter expertise and offering a state-specific solution.
Axiomatic was founded in 2013 and is the market leader in modernizing property tax oversight agencies' processes, software, and policies. Through its fully configurable suite of web applications, its flagship product, PropTax, automates property tax oversight for state agencies throughout all phases of the property tax cycle. Its user-friendly interfaces equip state property tax administrators with the tools, automated workflows, geospatial integrations, and analysis required to increase efficiency and accuracy.
“Catalis presented the perfect fit to the business and culture we have built over the past nine years,” says David Salzer, Co-Founder of Axiomatic. “Catalis shares Axiomatics traditions of excellent service, subject matter expertise, and a corporate ethos our clients and associates want to be a part of.”
A recapitalization co-led by growth equity firm PSG and leading global alternative asset manager TPG increased Catalis' valuation to over $1 billion in 2021. Catalis' most recent acquisition aligns with its expansion goals as the premier provider of software and digital payments to North American governments.
Catalis rebranded late last month as part of the company's natural progression. Catalis' existing CAMA providers will gain a deeper understanding of state reporting needs and requirements as a direct result of this acquisition. In turn, Catalis will be able to assist its municipal and county clients in streamlining their data reporting to state regulatory agencies.
“When we announced our rebrand, we assured our customers we would continue to provide incredible customer service and an expanded range of resources and solutions,” concludes Kristel. “This acquisition is just the beginning.”
