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 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.
We’re hearing that one of the biggest AMS companies is about to take an recapitalization investment from a private equity firm.
Higher Logic, an online community platform, acquired Socious, another online community platform in January 2017. Read the press release.
Read about Higher Logic and Socious on Crunchbase.
Read more about the deal at Online Community Results.
In September 2016, AMS Vendor Membersuite accepted an $11M investment from Revolution Ventures. Read the press release. Read about Membersuite on Crunchbase.
In July 2016, Advanced Solutions International, developers of the iMIS association management system, announced it accepted an $26M investment from equity firm Bregal Sagemount. Read about the announcement here. Read more about Advanced Solutions International on Crunchbase.
In April 2016, Salesforce-powered AMS platform Fonteva raised $1.98M in a round of crowdsourced venture capital. Read more about Fonteva on Crunchbase.