WASHINGTON, D.C., April 23, 2024 — Ascend Capital Group is proud to announce its role as the exclusive financial advisor to Judicial Innovations in their acquisition by Avenu Insights & Analytics (“Avenu”). This transaction underscores Ascend’s expertise in orchestrating pivotal deals within the GovTech sector. Avenu, a portfolio company of Arlington Capital Partners, specializes in revenue recovery and administrative solutions for state and local governments.
Judicial Innovations was founded to be the premier software platform for the justice system while delivering unparalleled payment solutions for traffic, probation, bond, and restitution courts. The integration of Judicial Innovations into Avenu’s offerings marks a significant enhancement of Avenu’s capabilities, positioning the company to better meet the evolving needs of government agencies. Avenu is known for its comprehensive revenue recovery and administrative solutions that cater to state and local governments, and this acquisition strategically extends Avenu’s reach and enhances its payments capabilities. Moreover, this combination strengthens Avenu’s position in the market by incorporating Judicial Innovations’ robust suite of products and augments the company’s Justice Solution set.
Jarrett Gorlin, Founder & CEO of Judicial Innovations, remarked on the vital role Ascend Capital Group played in the acquisition process: “Our partnership with Ascend was pivotal in achieving our goal of selling the business swiftly and with exceptional results. Their strategic guidance, unwavering dedication, and meticulous attention to detail were instrumental in navigating the complexities of the process. Together, we not only achieved our objectives but exceeded our expectations, marking a significant milestone in our company’s journey.” He continues by saying, “We are truly excited to partner with Avenu Insights & Analytics. As a leader in the Justice and Payments market, this partnership represents a tremendous opportunity to further enhance our innovative solutions and expand our impact on government operations nationwide.”
The acquisition of Judicial Innovations is poised to catalyze innovation and streamline operations across Avenu’s suite of services. This strategic integration is aimed at unlocking substantial growth potential and bolstering the capabilities of both organizations to better serve their government clients. Together, Avenu and Judicial Innovations are committed to delivering cohesive, intuitive solutions that meet the evolving demands of government agencies and their communities, thereby redefining excellence in GovTech. “This acquisition is a testament to our strategic vision of creating a more cohesive, user-friendly experience for government agencies and the communities they serve,” stated Paul Colangelo, CEO of Avenu Insights & Analytics.
DJ Palmer, Managing Director at Ascend, said, “This transaction marks a significant milestone for Judicial Innovations and Avenu, and it was a privilege to play a role in bringing these great companies together. This acquisition further cements Avenu as a dominant force in the GovTech market. We’re excited to watch Avenu capitalize on the strengths of Judicial Innovations and unlock new growth opportunities while empowering communities and enhancing value to citizens across the nation.”
