GTY Technology Holdings Inc.

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Ademi LLP is investigating GTY Technology (NASDAQ: GTYH) for possible breaches of fiduciary duty and other violations of law in its transaction with GI Partners.

Ademi LLP alleges GTY Technology’s financial outlook and prospects are excellent and yet GTY Technology holders will receive only $6.30 in cash for each share of GTY common stock that they hold. The transaction agreement unreasonably limits competing bids for GTY Technology by prohibiting solicitation of further bids, and imposing a significant penalty if GTY Technology accepts a superior bid. GTY Technology insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of GTY Technology’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for GTY Technology.