Company’s Solutions to Meet Pent-Up Demand in Public Sector
HERNDON, VA, September 28, 2018 – Avenu Insights & Analytics (Avenu), a portfolio company of Mill Point Capital, has finalized the previously announced transaction to acquire the assets and operations of the Local and Municipal Constituent Government Software Solutions business of Conduent Incorporated (NYSE: CNDT). With the purchase Avenu has a combined customer base of nearly 3,000 state and local governments in the 50 states and Canada.
The complementary offerings of Avenu and the acquired assets give customers access to a large portfolio of software and services that help them manage and deliver services. Avenu will continue to invest and upgrade the solutions because of the great need for them.
“Citizens expect the same level of service from their governments that they get from the private sector,” says Avenu CEO Paul Colangelo. “They want solutions that provide a good user experience and manage the growing need for information. Our research shows there is tremendous need that is not being met, and now we’re in a perfect position to take advantage of the opportunity.”
Some solutions fall under the category of administration, which includes Government Records Management, Tax & License Administration, Justice, IT Managed Services and Pension Administration. Other solutions are geared toward revenue enhancement and cover compliance auditing and revenue discovery and recovery. These categories and the company’s investments align with the industry’s call for digital government platforms that can accommodate artificial intelligence, interoperability, and analytics.
“We are focused on the local government market and committed to bringing value unique to this market with speed, flexibility and innovation,” adds Louis Schiavone, Jr., president of Avenu’s Administration Solutions division.