Avenu, a Centreville, VA-based provider of revenue enhancement and administration solutions for state and local governments, acquired LTAS Technologies, a Toronto, Canada-based provider of short-term rental identification, monitoring and compliance software and services.
The amount of the deal was not disclosed.
With the acquisition, Avenu will provide an end-to-end monitoring and service compliance solution that improves the citizen experience while maintaining a budget-neutral approach for local leaders.
Led by CEO Allen Atamer, LTAS Technologies is a SaaS provider of monitoring and compliance tools to over 300 government customers in the US, Canada and Spain at the federal, state, provincial and municipal level. Its technology focuses on providing insight to online short-term rental data that allows governments to understand and administer compliance such as registration, transient lodging tax payment, nuisance response and audit selection.
Led by CEO Paul Colangelo, Avenu offers comprehensive software solutions digitally that helps government processes, providing online access to records, and reducing costs. The company also provides an ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents.
FinSMEs
14/11/2022