Arlington Capital Partners has Formed Neumo, a New Leader in Integrated Software and Payments Solutions for Local, State & Federal Governments

Neumo

Neumo was created to transform and modernize the relationship between governments and their constituencies. Formed through the merger of Avenu Insights & Analytics (Avenu) and Intellectual Technology, Inc. (ITI), along with the recently completed acquisition of GovOS, Neumo offers a comprehensive suite of cloud-based solutions that help governments modernize operations and elevate the quality of services they provide to their communities. Neumo is well-positioned to drive progress for governments by transforming manual, inefficient processes into streamlined, integrated solutions that empower government agencies to operate with greater speed and efficiency via one leading cloud-based platform.

Headquartered in Centreville, Virginia, Neumo is committed to transforming how governments serve and connect with their communities. For more information, please visit www.neumo.com.

The Deal

Lincoln International acted as a strategic advisor to Neumo, working closely with Arlington Capital Partners (Arlington) and the company throughout the transaction. Building on a long-standing relationship with both Avenu and Arlington, Lincoln brought deep company insights and specialized market expertise in the government technology space, providing strategic advice on the merger throughout the transaction. Lincoln also delivered a comprehensive analysis and valuation in support of a fairness opinion related to the merger of Avenu and ITI. Terms of the transaction were not disclosed.

Paul Colangelo, formerly CEO of Avenu and now CEO of Neumo, commented, “The Lincoln team has been side-by-side with Avenu since the sale to Arlington in 2023 and brings unique insights from their work in the government technology ecosystem. We value them as a thought partner and look forward to their assistance in growing Neumo into the category leader in the years to come.”

Our Perspective

Griffin Bealle, Managing Director in Lincoln’s Technology Group, commented, “We are delighted to have partnered with Arlington on this market-shaping transaction, the sixth technology transaction we have completed together. The creation of Neumo brings together a market-leading suite of software under one umbrella, well-positioned to more comprehensively solve the unique challenges governments face today. We look forward to seeing Neumo’s continued success, supported by Arlington’s strong track record of investment in the state and local government market.”

Chris Gresh, Managing Director in Lincoln’s Technology Group, added, “It’s been a pleasure to work with the Arlington and Avenu teams once again as they continue to build out a technology market leader in the state and local government sector. This is our third transaction with Paul Colangelo and the Avenu team, and we couldn’t be more excited to see what Neumo achieves with additional scale and an augmented product portfolio, helping governments enhance their operations and engagement with constituents.”

Arlington Capital Partners

Arlington Capital Partners is a Washington, D.C.-area private investment firm specializing in government-regulated industries. The firm partners with founders and management teams to build strategically important businesses in the healthcare, government services & technology and aerospace & defense sectors. Since its inception in 1999, Arlington has invested in more than 175 companies and is currently investing out of its $3.8 billion Fund VI. For more information, please visit https://arlingtoncap.com/.

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