Vision Government Solutions, the Hudson-based provider of property database software for many Massachusetts municipalities, has received a “strategic majority investment” from a Colorado private equity firm.

“Assessors and collectors deserve highly flexible, best-in-class products, constant innovation and top-tier service to ensure they can deliver the property tax revenue that underpins key services in every municipality,” Vision CEOP Paul Smith said in a statement.  “Rubicon provides us a fantastic opportunity to increase our investments and achieve our goal of leading the property tax industry for the next decade and beyond. We are excited to partner together on bringing forth the digital future of assessing.”

Rubicon Technology Partners and Wellesley-based Gemini Investors invested an unspecified amount of money in Vision, which the latter said would allow it to accelerate new product development and acquisitions. Smith said the move would “turbo-charge” the company’s plans, but did not reveal more detailed plans in the company’s announcement.

“Vision has invested heavily in building innovative, market-leading, cloud-based platforms to help municipalities modernize the way they support taxpayers and fund critical operations as the municipal world moves increasingly online,” Rubicon partner Alex Kleiner said in a atatement. “The company’s highly differentiated solutions, world-class customer service and data conversion capabilities position Vision as the clear industry leader for the next era of the property tax market. We are excited to partner with the Vision team.”

Rubicon, which has over $2 billion in assets under management, focuses its investments on technology firms. The COVID-19 pandemic, combined with a nation-wide shortage of appraisers, has suddenly introduced new technologies to the appraisal sector.

Private Equity Firm Takes Stake in Vision Government Solutions

by Banker & Tradesman time to read: 1 min
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