The deal, done with Avenu under ownership by a private equity firm, will bring together a company focused on document scanning and a company that stores files and other data and provides government software.
Avenu Insights and Analytics, a relatively new but large gov tech company focused on revenue-saving technology for state and local government, has acquired two Louisiana companies in the document management space.
The two companies are GRIDS Information Technologies and The Windward Group. Windward offers document scanning, cloud-based file sharing and workflow automation software to both the public and private sectors, while GRIDS focuses on cloud computing and a few specific government functions like judicial case management and land records.
In a press release, Avenu specifically highlighted both companies’ history of working with courts — an area Avenu has also served since before the acquisitions.
It also indicated that the companies will continue running the way they were.
“Avenu will continue to operate the existing locations and use them as overflow for the digital processing functions it provides in other states,” the statement reads. “All the Windward operations, including the software for scanning, workflow, cloud file sharing and document management will become part of Avenu’s Records Solutions group.”
Avenu is in the portfolio of the private equity firm Mill Point Capital, which created it in 2017 by combining several existing companies together. It is one of several big gov tech companies under private equity ownership at the moment; Accela is part of Berkshire Partners’ portfolio, Granicus and CentralSquare are both under the Vista Equity Partners umbrella and CitySourced recently joined Strattam Capital via merger with another company in that portfolio.