Novotx LLC

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Novotx LLC - overview

Established

2005

Location

Riverdale, UT, US

Primary Industry

Software

About

Based in the US, Novotx LLC specializes in GIS-driven software solutions for asset management, citizen engagement, and permitting processes primarily in local governments and utility sectors. Novotx LLC, founded in 2005 and headquartered in Riverdale, US, focuses on providing software solutions that streamline operations for local governments and utility providers. The company was established by a group of individuals with a vision to enhance public service efficiency. With a single recorded deal, the most recent transaction occurred on February 5, 2026, when Accela, Inc.


fully acquired Novotx LLC, although financial terms were not disclosed. Novotx specializes in providing a comprehensive suite of GIS-driven software solutions tailored for asset management, citizen engagement, and permitting processes within local governments and utility sectors. Their primary offerings include the flagship product Elements XS, an asset management platform that facilitates the efficient management of infrastructure, assets, and public services. Elements XS enables agencies to proactively maintain essential services such as roads, water systems, and facilities, enhancing long-term sustainability and resource utilization.


Additionally, the Connect platform serves as a public-facing portal, allowing citizens to report issues and request services, thereby improving community engagement and communication. Novotx's solutions are utilized by various governmental agencies across the United States, including local municipalities and utility providers in states such as Hawaii, Oregon, and Utah. The revenue model of Novotx is primarily structured around subscription-based services for their software platforms, which include Elements XS and Connect. Clients typically engage in annual contracts that provide access to the software along with associated support and updates, thereby ensuring ongoing functionality and customer satisfaction.


The firm’s client base, consisting of public works departments, utility companies, and local government agencies, benefits from a streamlined transaction process that emphasizes efficiency and service delivery. Specific pricing plans are aligned with the needs of each client, allowing for customization based on the scale and scope of services required. Revenue is generated directly from these subscriptions and the partnerships established with various service providers, enhancing operational workflows and data management capabilities for their customers. Moving forward, Novotx plans to leverage its recent acquisition by Accela, Inc.


to enhance its business development efforts. The company aims to develop new products that complement its existing software suite, although specific launch dates have not been disclosed. Additionally, Novotx is targeting expansion into new geographical markets to broaden its client base and reach more local governments and utility sectors. Through the strategic utilization of resources following the acquisition on February 5, 2026, Novotx is poised to capitalize on its growth initiatives, fostering increased engagement and functionality in public sector service delivery.


Current Investors

Accela, Inc.

Primary Industry

Software

Sub Industries

Application Integration Software

Website

www.novotx.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Novotx LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedNovotx LLC-

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