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.
Read the press release.
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.
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.
ASAE has published an article I wrote about investments, mergers, and acquisitions in the association technology market for its Associations Now Plus newsletter. The article was extracted from a longer white paper that I’ve written about the money trail in association technology. To request a copy, please complete this form: