At 46 years old, Vision Government Solutions is among the eldest gov tech companies. But the investment it just took from a private equity firm might portend fast growth and mergers in Vision’s future.

Vision Government Solutions, a long-time provider of appraisal and property tax software for government, has taken an investment from a private equity firm.

Rubicon Technology Partners, a software-focused private equity company based in Colorado, has invested an unspecified amount into the company. While every deal is different, private equity involvement in a technology company often means the company is looking to grow quickly and sell to new owners within a span of several years — often acquiring and merging with other companies along the way.

“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,” said Paul Smith, CEO of Vision, in a press release. “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.”

Read more/Source: Government Technology