We’re hearing rumors that one of the largest players in the association technology sector is pursuing a sale that is expected to be completed mid-year.
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There’s a new CEO at Higher Logic
Yesterday, Higher Logic co-founder and CEO Rob Wenger announced that he will turn his position over to Kevin Boyce, effective August 27. Rob will take over a new role, Executive Chairman, and will continue to do work for the company.
Higher Logic’s other co-founder, Andy Steggles, left his spot as President in May 2018 to assume a new role as co-chair of the board.
In September 2016, Higher Logic accepted a $55M investment from JMI Equity.
Personify acquires Wild Apricot
I can’t find a press release about it, but I’m hearing that Personify has acquired Wild Apricot. Will update this post as new information comes in.
Solid M&A and Investment advice from Cimtari
Rick Bawcum of Cimtrai posted some excellent advice on how association technology execs should be preparing themselves for the inevitable continuing consolidation that we’ve been experiencing for the past few years. Some good analysis too, from someone who has a lot of experience in the technology sector, including in financial services. Check out the blog post.
Visualization of M&A and investment activity since July 2016
I thought readers of theNIRD would appreciate this visualization of the consolidation and investments that have taken place in the not-for-profit technology market since last year. These investments represent at least $700,000,000, and only the deals I have been able to learn of. For clarity, the boxes with multiple company logos in them represent mergers, acquisitions, and consolidations. The boxes with a single logo in them represent an investment (either venture capital or private equity).
This image is taken from a slide deck for a 30 minute orgCommunity webinar I’m giving tomorrow (Thursday, July 13, 2017). Register now to participate in the full presentation.
ReviewMyAMS & theNIRD on the Community Brands consolidation at .orgCommunity Disruption event
I’ll be appearing with Teri Carden, founder of ReviewMyAMS, at the .orgCommunity Disruption + Innovation event, April 27 in Chicago. The session, focused on the Community Brands consolidation, is being billed as a fireside chat. Teri and I will discuss the consolidation’s implications for customers, members, and the association technology landscape. We’ll also take your questions, so come armed with your list of stuff you want to know about the deal.
Only a few seats remain for this event, so register now!
Community Brands is the umbrella company comprising YM, Aptify, and Abila
Follow this post for updates.