CENTREVILLE, Va.--(BUSINESS WIRE)--Avenu Insights & Analytics (“Avenu”), the global leader in revenue enhancement and administration solutions for state and local governments, today announced the acquisition of Interware Development Company Inc. (“Interware”), a leading provider of cloud-based payment solutions for local governments.
Interware’s industry leading payment processing solutions will provide a new, centralized payment platform for Avenu’s existing clients. Together, Avenu and Interware will provide a premier software and services offering that improves the citizen experience and enhances government capabilities. The combined platform will allow state & local governments to more efficiently collect permitting & licensing, utilities and tax revenue.
The integration of Interware’s dynamic payment solutions and Avenu’s mature sales & marketing framework enables the consolidation of current third-party payment processing providers. The result is a streamlined level of service that transforms the way in which the government can address the rapid growth in workflow processes that limits staff productivity and resources, which ultimately impact efficiency. Shared resources and an integrated strategy will enable the combined company to provide additional services and greater technical expertise to its client base.
“Governments are seeing an increasing need for an integrated payment solution software offering to streamline their administrative and budget activities and automate workflow processes,” shared Avenu CEO, Paul Colangelo. “The combination of Avenu and Interware will provide governments with a centralized solution to maximize their efficiency while shaping a more robust citizen experience.”
“We are very excited to join the Avenu family,” stated Interware Vice President, Nichole Sperry. “Our combined GovTech platform will deliver positive outcomes and an elevated experience for all of our clients.”
About Avenu Insights & Analytics
Over 3,000 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue enhancement solutions. Avenu’s comprehensive software solutions digitally transform government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital. To learn more, visit www.avenuinsights.com.
About Interware Development Company Inc. (Interware)
Interware provides a leading-edge government technology platform designed to help state and local governments increase efficiency, improve engagement with citizens, and simplify the most complex aspects of the payments ecosystem. Interware’s core product is EB2Gov, a payment platform that offers numerous services and solutions, such as vehicle registration, dog licensing, vital record requests, property taxes and utility billing to citizens. Interware serves 485+ total customers across the Northeast, California, Maryland, Pennsylvania and Minnesota. To learn more, visit www.interwaredev.com.
About Mill Point Capital
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the IT services, business services and industrials sectors in North America. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.