AMS platform MemberClicks accepted an undisclosed sum from Five Elms, a growth equity firm based in New York, in February 2017. Click here for the presser.
Read about MemberClicks on Crunchbase.
Month: February 2017
Higher Logic acquires online collaboration platform Kavi
Online community platform Higher Logic has acquired Kavi (pronounced KUH-vee), an online collaboration platform used primarily by standards developing organizations, many of which are associations.
This comes just a month after Higher Logic acquired Socious, another leading online community platform in the association market.
Read about Higher Logic and Kavi on Crunchbase.
Ministry Brands takes ownership of YourMembership
Yesterday we reported that private equity firm Riverside had sold off YourMembership.
Today, Private Equity Professional reported that Knoxville, TN based Ministry Brands, a portfolio company of Insight Venture Partners, has taken ownership of YourMembership.com. Terms of the deal haven’t been disclosed.
According to Private Equity Professional, Ministry Brands is a provider “of cloud-based services to churches, parachurch ministries and other faith-based organizations with more than 45,000 customers.”
UPDATE: It is rumored that the sales price for YourMembership was somewhere between $250-300 million.
YourMembership sold by PE firm Riverside
YourMembership has been sold by private equity firm Riverside. Last week, we reported a rumor that one of the largest AMS companies was about to be recapitalized.
Read the press release. Read about YourMembership on Crunchbase.