The deal highlights Ascend’s expertise in the highly active GovTech market and brings together two strong companies within the space.
TYSONS, VA (August 27, 2021) – Ascend Capital Group (“Ascend”) is pleased to announce its most recent transaction in the GovTech space serving as the exclusive financial advisor to Municode, the foremost digitizer of municipal codes, in its acquisition by CivicPlus, the nation’s leader in civic experience technology. The acquisition represents a vital step in CivicPlus’ commitment to broadening its portfolio of technology solutions by unifying two innovative, industry-leading, impact-focused, customer-oriented organizations committed to creating positive digital interactions between citizens and their local governments.
CivicPlus provides technology solutions that enable local governments to optimize the experience they deliver when interacting with citizens. Over 4,000 local governments use the company’s solutions when serving their 250 million citizens. Offering the industry’s first and only Civic Experience Platform, CivicPlus enables local governments to drive more revenue, operate more efficiently, and generate positive recognition for the many services they provide every day.
“We are thrilled to become part of CivicPlus,” said Eric Grant, Municode President and Chief executive Officer. “Municode has been an established leader in the codification and local government technology space for decades. By unifying our brand with CivicPlus, we will take advantage of the industry expertise, financial strength, and portfolio vision of one of the most rapidly growing and highly respected companies in our space. Perhaps most importantly, we see a valuable alignment in our company cultures and share a commitment to our tremendously talented employees. As a combined organization, we will be in a strong position to continue developing technology solutions that redefine positive local government-citizen experiences.”
Municode is the largest codifier of legal documents for local governments in the U.S. and a nationally recognized provider of agenda and meeting management and municipal website design solutions. For over 65 years, Municode has helped connect municipalities with their communities with innovative solutions.
On their experience with the Ascend team, Grant added, “We wanted to be confident that we were doing the right thing for our business, our clients, and most importantly, our people. Ascend’s people-first philosophy was the perfect fit for us. They not only understood how to position us in the market to ensure an exceptional outcome, but also that the number one priority was finding a partner who respected and valued our team.”
“Municode is a natural addition to CivicPlus’ growing platform of technology solutions for the civic community,” said DJ Palmer, Director at Ascend. “Both companies share a strong culture and commitment to elevating citizens’ perception of local government through positive digital civic experiences. We were proud to leverage our knowledge and relationships within the GovTech space to find Municode an ideal partner.”
This acquisition was effective August 24, 2021.