M&A Deal Summary

Avenu Insights & Analytics Acquires eGov Systems

On January 26, 2017, Avenu Insights & Analytics acquired internet software and services company eGov Systems from PRA Group

Acquisition Highlights
  • This is Avenu Insights & Analytics’ 1st transaction in the Internet Software and Services sector.
  • This is Avenu Insights & Analytics’ 3rd transaction in the United States.
  • This is Avenu Insights & Analytics’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2017-01-26
Target eGov Systems
Sector Internet Software and Services
Buyer(s) Avenu Insights & Analytics
Sellers(s) PRA Group
Deal Type Divestiture

Target

eGov Systems

Baton Rouge, Louisiana, United States
eGov Systems LLC is a provider of web-based payment portals and integrated revenue administration solutions for the government sector.

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Buyer(S) 1

Buyer

Avenu Insights & Analytics

Centreville, Virginia, United States

Category Company
Founded 1978
Sector Software
DESCRIPTION

Avenu Insights & Analytics is a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments Avenu Insights & Analytics was founded in 1978 and is based in Centreville, Virginia.


DEAL STATS #
Overall 3 of 9
Sector (Internet Software and Services) 1 of 3
Type (Divestiture) 3 of 4
State (Louisiana) 1 of 3
Country (United States) 3 of 8
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 MuniServices

Fresno, California, United States

MuniServices LLC is a provider of innovative revenue enhancement and other related services to state and local governments. MuniServices counts more than 250 such jurisdictions as clients, including various municipalities in California, Florida, Georgia, Nevada, Pennsylvania, Texas, and the District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Conduent - Government Software Business

Florham Park, New Jersey, United States

Conduent, Inc. - Government Software Business includes software solutions for Conduent’s local and municipal government clients, gives Avenu a combined customer base of nearly 3,000 in the 50 states and Canada. These jurisdictions use a portfolio of more than 50 products consisting of Government Records Management (land/vital records), Software solutions for managing criminal courthouse and juror administrative functions, Property tax collection, and property assessment software solutions, Unclaimed property collections management, Pension administration software applications and Stand-alone infrastructure IT managed services.

Buy -

Seller(S) 1

SELLER

PRA Group

Norfolk, Virginia, United States

Category Company
Founded 1996
Sector Financial Services
Employees3,119
Revenue 815M USD (2023)
DESCRIPTION

PRA Group is a financial services company. PRA's primary business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others. PRA Group was founded in 1996 and is based in Norfolk, Virginia.


DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 4 of 4
State (Louisiana) 1 of 1
Country (United States) 4 of 4
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 MuniServices

Fresno, California, United States

MuniServices LLC is a provider of innovative revenue enhancement and other related services to state and local governments. MuniServices counts more than 250 such jurisdictions as clients, including various municipalities in California, Florida, Georgia, Nevada, Pennsylvania, Texas, and the District of Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Resurgent Capital Services - Canadian Business

Ontario, Canada

Resurgent Capital Services - Canadian Business provides service and liquidity to credit originators who, in turn, can expand credit services to consumers.

Buy -