Avenu Insights & Analytics, which is backed by Mill Point Capital, has acquired the operations and assets of The Windward Group and GRIDS Information Technologies. No financial terms were disclosed. Windward is a provider of document imaging and enterprise content management solutions while GRIDS is a provider of government record management software. Both companies are based in Louisiana.
CENTREVILLE, Va.–(BUSINESS WIRE)–Avenu Insights & Analytics (Avenu), a Mill Point Capital portfolio company, has acquired the operations and assets of The Windward Group and GRIDS Information Technologies. With the Windward and GRIDS software, document digitization and storage capabilities, Avenu reinforces its commitment to supporting government customers with records management solutions.
Over several decades, Louisiana-based Windward has built a business based on helping judicial systems and other organizations obtain, organize, store and deliver critical information. GRIDS has been a leader in providing conveyance records software to Louisiana court systems. Avenu will continue to operate the existing locations and use them as overflow for the digital processing functions it provides in other states. 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.
“The need for document creation, restoration, indexing and overall management continues to grow exponentially,” says Robert Rathe, Jr., owner of The Windward Group. “By joining Avenu we can add more capacity, skills and technology that clients will find valuable.”
Benny Garrard, president of GRIDS, adds his enthusiasm as he becomes part of the Avenu team: “For the past 25 years I’ve worked hard to offer innovative products to our customers, and Avenu shares my commitment to innovation and the additional resources will open new doors to technology for our clerks of court and other government customers.”
The Windward Group and GRIDS purchase represents the latest in a series of acquisitions by Avenu. In 2018 it acquired the government solutions group of Conduent, Inc., and prior to that brought together several government solution providers under the Avenu umbrella.
“Our strategy is to continue to innovate as an organization and provide superior records products to many state and local governments,” says Paul Colangelo, CEO of Avenu. “We can quickly make adjustments to leverage new technology, scale down and focus in a certain area or add capacity, and this acquisition emphasizes our ability to be that right-sized partner.”
About Avenu Insights & Analytics
Avenu Insights & Analytics has a long history of helping state and local governments boost revenue, optimize operations, and deepen community trust. Avenu’s revenue enhancement and administration solutions enable jurisdictions to provide truly digital government that meets expectations of citizens, employees and elected officials. Avenu is a portfolio company of Mill Point Capital.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with executive partners to leverage its investment professionals’ experience, while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York.