In July 2019, AMS platform MemberSuite acquired event management system EventFarm. Terms were not disclosed. Read the news story.
MemberSuite has raised over $15M in funding since 2016.
The Not-for-profit Investments Research Department. Tracking M&A and investments in the nonprofit & association technology market since 2016.
In July 2019, AMS platform MemberSuite acquired event management system EventFarm. Terms were not disclosed. Read the news story.
MemberSuite has raised over $15M in funding since 2016.
Euclid, makers of the ClearVantage AMS platform, was acquired by Fullsteam in March 2019. Read the press release.
In November 2018, Memberclicks acquired LMS platform UpAbility. Read the press release.
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.
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.
Thanks to last year’s acquisition of Wild Apricot, Personify is poised to lead the pack on blockchain technology in the AMS market. Why?
Dmitry Buterin, the founder of Wild Apricot happens to be the father of Vitalik Buterin, co-creator of Ethereum, which is widely acknowledged as the second most valuable cryptocurrency behind Bitcoin. Dmitry is a blockchain enthusiast, and left his position at Wild Apricot to pursue business ventures in blockchain.
And although the elder Buterin has moved on from his post at Wild Apricot, he still serves in an advisory role at Personify, and the Wild Apricot technical team remains highly interested in how blockchain could be applied to associations.
So if you’re curious to see how blockchain applications make their way into the association market, keep your eye on Wild Apricot and Personify.
In November 2017, MemberSuite accepted a $5.5M round of funding. Check out the SEC filing.
To the best of my knowledge, MemberSuite is the only venture capital-backed AMS in the market, and has raised $13M in funding since September 2016. They appointed a new CEO in November 2017. This round of funding may have been used to acquire the shares owned by the founder and former CEO, transferring ownership of the company to new shareholders.
Andrew Ryan of MemberSuite has indeed left the company, we’ve learned from our sources.
Before there was Community Brands, there was the dynamic duo of AMS Fest & theNIRD, leading the conversation about M&A, investments, and consolidation in the association technology market. For more than 14 months now, we’ve been informing association executives on how high finance affects the association technology landscape before anyone thought it mattered, and we’re just getting started.
Our next collaboration is coming up November 13-14 at AMS Fest in Washington, DC. We’ve convened an all-star panel of CEOs to discuss how different financial models affect their customers, and ultimately, their customers’ members. Expect a spirited debate as privately-held and private equity backed AMS CEOs go toe-to-toe on provocative questions about their financial posture. The panel includes:
But wait, there’s more!
We’ve also got an association CEO on our panel to bring the perspective of how “the big cheese” should be thinking about M&A and investments.
Hold on! Still more electrifying goodness to share: During the session, we’ll reveal the results of a survey on association executives’ attitudes towards the various funding models at work in the association market. You can take the three-minute survey now, if you haven’t already.
Register for AMS Fest now — there are only a few seats left — to catch this panel discussion and other cutting-edge sessions on blockchain, EU data privacy laws, digital transformation, and Uberization. Plus a few you’ll-never-guess surprises.
Register now. Seriously; you’ll regret not attending.
I’m preparing for a couple of presentations on consolidation in the association technology sector (including at AMS Fest, November 13-14 in Washington, DC), and wanted to share this visualization in my slide deck of how technology companies are aligning, and which ones have taken investments. This isn’t a complete view of the activity, and covers about a two year period, but it should help you grasp the extent of the consolidation. If you’re reading this in your email inbox, download the images, or click through to see the visualization.