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.