The financial terms of the transaction were not disclosed and Arlington Capital said Monday that Paul Colangelo, CEO of Avenu, will continue to lead the Centreville, Virginia-headquartered revenue enhancement and administrative platform developer.
Avenu brings to Arlington Capital more than 600 employees who work to provide compliance tools, public administration software, licensing and digital transactions, payment processing, permitting and managed services to over 4,000 customers in the U.S. and Canada.
Michael Lustbader, a managing partner at Arlington Capital, said the acquired company’s software helps government agencies maximize revenue without raising taxes, simplifies processes and reduces costs while providing greater transparency and improved customer experience.
Sheppard Mullin acted as legal adviser to Arlington Capital while Lincoln International served as financial adviser to Avenu on the transaction.
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
