Avenu
| Private | |
| ISIN | 🆔 |
| Industry | |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Avenu Insights & Analytics (Avenu) is a privately held software and services company headquartered in Centreville, Virginia.
History[edit]
In 2016 private equity firm Mill Point Capital founded Government Revenue Solutions in order to acquire four brands from PRA Group.[1][2][3]
In 2017 CEO Craig Adler became Executive Chairman and brought on Paul Colangelo as CEO.[4][5][6]
In 2018 the company changed its name to Avenu Insights & Analytics and acquired the business of Conduent, Inc.[7][8][9] Avenu worked with Pittsburgh's assistant director of finance, Ed Barca, to modernize how payments are recorded and to help ensure businesses correctly register with the city.[10]
Avenu is a portfolio company of Mill Point Capital.[11] The business acquired from Conduent was started in 1878.[12]
In 2010, Xerox bought Affiliated Computer Services as part of the company’s Business Services Division, then in 2016 Xerox announced that it would spin off that group into a separate corporation that would become Conduent in 2017.[13][14][15]
In 2019, Avenu acquired the operations and assets of The Windward Group and GRIDS Information Technologies.[11] Avenu was named to the GovTech100 list of companies focused on and making a difference in state and local governments in 2019.[16]
References[edit]
- ↑ "Avenu deal shows M&A healthy in state and local market -". Washington Technology. Retrieved 2019-03-01.
- ↑ "NYC entity to buy Franklin's Affinion Insurance Solutions". Nashville Post. Retrieved 2019-03-21.
- ↑ Johnson, O'Ryan. "Conduent To Sell Off Government Software Unit To Avenu Insights & Analytics". CRN. Retrieved 2019-03-29.
- ↑ "Craig Adler". DLT. 2015-08-25. Retrieved 2019-03-11.
- ↑ Mehta, Neel (2011-07-20). "DLT Solutions' Craig Adler Wins CFO of the Year; CEO Rick Marcotte Comments". ExecutiveBiz. Retrieved 2019-03-29.
- ↑ "Bloomberg Profile". Bloomberg.
- ↑ "Silicon Valley Alternative". Washington Post. Retrieved 1 March 2019.
- ↑ "Avenu Acquires Conduent's Local and Municipal Constituent Government Software Solutions Business | California City News". www.californiacitynews.org. Retrieved 2019-03-11.
- ↑ Johnson, O'Ryan. "Conduent To Sell Off Government Software Unit To Avenu Insights & Analytics". CRN. Retrieved 2019-03-21.
- ↑ "New Tax System to Take Pittsburgh". www.govtech.com. Retrieved 2019-03-21.
- ↑ 11.0 11.1 "Avenu Insights & Analytics Acquires Enterprise Content Management Firm". finance.yahoo.com. Retrieved 2019-05-13.
- ↑ "Stock Research". www.bloomberg.com. Retrieved 2019-03-01.
- ↑ "Xerox's (XRX) Affiliated Computer Services Gets $47M Contract with State of Delaware". StreetInsider.com. Retrieved 2019-03-01.
- ↑ Farrell, Maureen (2016-01-29). "Xerox and ACS: A Troubled Deal from the Start". WSJ. Retrieved 2019-03-01.
- ↑ "Xerox Completes ACS Acquisition". Xerox. Retrieved 1 March 2019.
- ↑ "2019 Top 100". www.govtech.com. Retrieved 2019-05-17.
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