1
Accela
San Ramon, California, United States
Accela provides market-leading solutions that help governments to modernize and build thriving communities.
- Revenue
- $144.4M
- Year founded
- 1981
- Funding
- $215.6M
- Team size
- 523
Top 2 Government Procurement Software Companies $100M+ Revenue (September 2026)
As of September 2026, Latka tracks 2 government procurement software companies with $100M+ in annual revenue. They have combined revenues of $244.4M and employ 773 people. They have raised $215.6M and serve 80 customers combined.
Every company below sells government procurement software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
What Government Procurement Software Companies do
Government procurement software refers to specialized tools designed to facilitate the procurement process within public sector organizations. These software solutions help streamline and automate the purchasing processes of government agencies, enabling more efficient management of public funds and resources. Primary use cases include managing supplier relationships, tracking contracts and compliance, and ensuring transparency throughout the procurement lifecycle. Typical features encompass e-procurement capabilities, vendor management, budgeting and forecasting tools, and reporting functionalities, which aid in decision-making and accountability. Common buyer personas for government procurement software include procurement officers, financial managers, and compliance specialists. These users seek solutions that enhance efficiency, reduce manual processes, and improve regulatory compliance while maintaining a focus on cost savings.
- Companies
- 2
- Revenue
- $244.4M
- Funding
- $215.6M
- Employees
- 773
Filters
Sorting: Highest -> Lowest
Top Government Procurement Software Companies $100M+ Revenue
Showing 2 of 2 companies ranked by annual revenue.
2
FreeD Group
Hong Kong, Hong Kong
FreeD Group, operating its core product at joinharmonycvm.com, is a travel and lifestyle SaaS marketplace founded in 2016 and headquartered with operations across Greater China, Korea, the Middle East, and Europe. The company connects sellers including product owners, distributors, and content providers with large enterprise buyers such as telecommunications companies, governments, and airlines, earning revenue through a combination of SaaS subscription fees, one-time implementation fees, and GMV-based commissions. The company reported $35 million in total revenue for 2022, comprising $15 million in recurring SaaS and transaction fees and $20 million in one-time implementation and project fees. GMV processed through the platform reached approximately $80 million to $100 million in 2022, with $20 million processed in the fourth quarter alone. The company is fully bootstrapped with no outside capital raised. In late 2022 and early 2023, FreeD Group acquired two companies, including the largest travel management company in the Greater China market, which processed HK$2 billion (approximately $300 million USD) in GMV at its 2019 peak and served over 1,000 enterprise customers. Abel Zhao, CEO and co-founder, told Latka the company is targeting $100 million in revenue for 2023 and is aiming for an IPO in 2024 at a minimum valuation of $250 million.
- Revenue
- $100M
- Customers
- 80
- Year founded
- 2016
- Team size
- 250
Frequently asked questions about Government Procurement Software Companies $100M+ Revenue
How many government procurement software companies with $100M+ in annual revenue are there?
Latka tracks 2 government procurement software companies with $100M+ in annual revenue. Together they generate $244.4M in annual revenue and employ 773 people.
Which government procurement software company with $100M+ in annual revenue is the largest?
Accela is the largest, with $144.4M in annual revenue, founded in 1981.
How much revenue does a typical government procurement software company with $100M+ in annual revenue make?
The average government procurement software company in this list makes $122.2M a year, across 2 companies with reported revenue. They serve 80 customers combined.
Who are the leading Government Procurement software vendors with $100M+ in annual revenue?
Ranked by annual revenue, the leaders are Accela and FreeD Group.
How much funding have government procurement software companies with $100M+ in annual revenue raised?
The 2 government procurement software companies with $100M+ in annual revenue tracked here have raised $215.6M in disclosed funding between them.
Related Vertical Industry Software categories
Inclusion Criteria
- Must provide tools for automating the end-to-end procurement process - Should include features for supplier and vendor management - Must ensure compliance with governmental regulations and standards - Should enable tracking and management of contracts and purchasing history - Must offer budgeting and forecasting capabilities - Not just focused on purchase order management; must also support vendor sourcing and evaluation - Should provide reporting and analytics functionalities to aid decision-making