RUMOR: Major association tech deal in the works

We’re hearing rumors that one of the largest players in the association technology sector is pursuing a sale that is expected to be completed mid-year.

Euclid is acquired by Fullsteam

Euclid, makers of the ClearVantage AMS platform, was acquired by Fullsteam in March 2019. Read the press release.

Personify acquires events management company a2z

In November 2018, Personify announced that it had acquired a2z, a leading events management technology company. Read the press release.

Personify’s current private equity firm, Pamlico, took over from Rubicon in September 2018, which likely gave Personify additional funding for more acquisitions.

Perbyte acquires Future Value Consulting

Aptify services partner Perbyte has acquired another Aptify services partner, Future Value Consulting. The press release is pasted below.
CHIGAGO, IL (November 1, 2018) – PerByte is pleased to announce its acquisition of Future Value Consulting effective November 1, 2018. Both companies have provided software consulting services to associations, non-profit organizations, and fundraising groups, focusing on organizations using Aptify, an Association Management System (AMS) by Community Brands. The acquisition combines the considerable Aptify expertise of the only two Registered Service Providers for the Aptify AMS
Future Value Consulting was founded in 2009 as Aptify’s first U.S-based services partner. Andrew Crane, founder and CEO of Future Value Consulting, will join PerByte as its Vice President of Professional Services. “Josh and his team have an excellent reputation within the Aptify Community,” says Crane. “We are excited to be joining forces and expect tremendous synergies as our two teams merge into one.” All Future Value Consulting employees have become full-time employees of PerByte.
PerByte has served the Aptify community since 2011. Josh Carlson will continue as President and CEO of PerByte. According to Carlson, “the PerByte and FVC teams have complementary strengths. Together, we will be able to provide our clients with unparalleled support and innovation.” The PerByte team now possesses over eighty years of combined Aptify-related experience, placing it in a preeminent position to support the software.

Rubicon exits Personify, Pamlico takes over

In September 2018, Rubicon exited from their investment in Personify. In July 2018, Personify added a strategic investor, Pamlico, which is now the private equity firm funding Personify.

Read the press release announcing the exit.

There’s a new CEO at Higher Logic

Yesterday, Higher Logic co-founder and CEO Rob Wenger announced that he will turn his position over to Kevin Boyce, effective August 27. Rob will take over a new role, Executive Chairman, and will continue to do work for the company.

Higher Logic’s other co-founder, Andy Steggles, left his spot as President in May 2018 to assume a new role as co-chair of the board.

In September 2016, Higher Logic accepted a $55M investment from JMI Equity.

Personify has a new investor

In July 2018, Personify announced a new strategic investor, Pamlico Capital. Personify was due for a new private equity investor, as their previous investment from Rubicon was going on five years.

Community Brands acquires event tech ExpoLogic

In June 2018, Community Brands announced the acquisition of ExpoLogic, a leading event technology company, providing event registration, lead retrieval and trade show services. ExpoLogic has an estimated annual revenue of $10M.