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.
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:
After doing some research, I was stunned to learn that more than $100M has been invested in association technology companies this year. Why is all this money suddenly flowing in the association technology market?
During The Power Trip, CEOs and C-Level executives at some of the best-known association tech companies have agreed to take your questions about the money flooding into our sector.
The Power Trip is a 90-minute conversation criss-crossing the ASAE Technology Conference trade show floor on Tuesday, December 13, you’ll hear directly from top executives on how Venture Capital and Private Equity money has affected their customers and businesses. As a counterpoint, you’ll also hear from a technology company CEO who refuses to accept funding, and the rationale behind that decision.
There’s no fee to participate in The Power Trip, but I do ask that you RSVP.
If you’re curious about how high finance is affecting your association’s technology suite, this is a conversation you’ll definitely want to join.
We’re hearing from a market research firm that a company in the “Member-centric Organization Software” business may up for a round a funding. Names that are being floated in the context of this investment include Abila, YourMembership, and Naylor.
Abila has recently been mentioned in another rumored funding round.
I’ll be appearing on AssnChat on Tuesday, November 22 at 2pm EST with hostess KiKi L’Italien and Higher Logic CEO Rob Wenger to talk about the money trail in association technology. Click here for details on how to join.
During the chat, I’ll be talking about an article I’ve written for ASAE’s Associations Now that will be published on December 20, 2016. If you’d like to receive an advance copy of the article, fill out the form below.
We’re hearing from a market research firm that a “Nonprofit and Government Software” company is being shopped around for an investment, merger, or acquisition. Some companies in the nonprofit political advocacy space may include Blackbaud, CQ Roll Call, SoftEdge and VoterVoice.
The Crunchbase description for AMS vendor Abila reads: “Abila develops software solutions for nonprofit and governmental organizations throughout North America.” (emphasis mine)
Abila last received a round of private equity funding in early 2013. For much of the past year, Abila has been rumored, off and on, to be on the market for an investment.
If you have anything to add to this rumor, please send a tip.