Industry leader sage nonprofit solutions becomes abila abila. The nonprofit element was the largest segment of three in the deal. Accel kkr makes majority equity investment in accellos investment to drive further growth and penetration of the leading supply chain execution platform focused on the smb segment, and to continue. Accelkkr exits abila in sale to community brands wsj. Accel kkr portfolio company abila has acquired avectra, a provider of webbased crm solutions for associations and nonprofits. Sage nonprofit solutions delivers mobile access for key tasks, allowing nonprofits and governmental agencies anytime, anywhere access. Mar 19, 2014 by rebranding from sage nonprofit solutions to abila, the company is fueling their future and growth. Accelkkr aug 21, 20 austin, texas, august 21, 20 abila, formerly sage nonprofit solutions, a provider of software solutions dedicated to serving dynamic nonprofit organizations and government agencies, has acquired mclean, vabased avectra, a leading provider of web. Abila s competitors, revenue, number of employees, funding and acquisitions. Aug 21, 20 abila, which is owned by accelkkr, is a provider of software solutions for nonprofit organizations and government agencies. She had been a senior manager with sage and predecessor best software since 2001. Accelkkr joins growing list of firms selling stakes to fund.
Abila software, which was created in march when private equity firm accelkkr bought sage nonprofit solutions, has purchased avectra, a leading association management ondemand software firm. Accel kkr s first fund was created in 2000 by accel partners and kohlberg kravis roberts. Apr 07, 2017 accel kkr acquired abila in 20 when the business, which provides software and services to associations, nonprofit organizations and governmental entities, was spunoff from ukbased the sage. Accel kkr will maintain a small equity ownership position in abila, which increased its revenue threefold since accel kkr first backed it in 20. Accelkkr will retain a small equity ownership stake in abila. Accel kkr llc is a private equity firm specializing in growth and middle market investments. As part of the deal, abila will join community brands portfolio of companies which includes membership software provider aptify and client management software designer yourmembership. Nonprofit inc millennium sold to accelkkr community abila. The top 10 competitors in abila s competitive set are accufund, tops software, asi, buildium, yourmembership, ciraconnect, appfolio, aptify, condo manager and salsa. Apr 10, 2017 accel kkr, a technologyfocused private equity firm, today announced that it has completed its sale of its portfolio company abila to community brands. Accelkkr pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and it enabled services.
The firm invests in software and it enabled businesses wellpositioned for topline and bottomline growth. Community brands buys accelkkrbacked software maker. Austin, texas, august 21, 20 abila, formerly sage nonprofit solutions, a provider of software solutions dedicated to serving dynamic nonprofit. We have invested in over 180 companies in our 19 year history. Sage nonprofit solutions rebrands as abila the nonprofit. Accel kkr company llc operates as a private equity firm. Team software, of omaha, provides cloudbased technology solutions for contractors in the janitorial and. Accel kkr focuses on middle market companies, providing capital for buyouts and growth investments across a range of opportunities including recapitalizations, divisional carveouts and going private transactions. Community brands buys accelkkrbacked software maker abila.
Accel kkr s acquisition of springbrook provides both accela and. Nonprofit software developer abila, a portfolio company of private equity partnership accel kkr, has acquired virginiabased internet customer software company avectra, texasbased abila said. Charlton tabbed as new ceo at abila software the nonprofit. Accel kkr acquired abila in 20 when the business, which provides software.
Accel kkr pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and it enabled services. Accelkkr acquired abila in 20 when the business, which provides software and services to associations, nonprofit organizations and governmental entities, was spunoff from uk. Accel kkr has exited its majority stake in abila, a provider of software and services to associations, nonprofit organizations and governmental entities, in a sale to community brands. Nonprofit software publisher abila sold to community brands. Apr 11, 2017 accel kkr has exited its majority stake in abila, a provider of software and services to associations, nonprofit organizations and governmental entities, in a sale to community brands. This makes accelkkr one of the most active private equity firms in the software and tech enabled services sector. Like team, accel kkr is a valuesbased organization that shares a passion for innovation and an intense focus on customer satisfaction and employee success, said jill davie, team software president. Accel kkr then purchased avectra membership management software in august 20, with avectra joining mip under the abila.
Abila among cloud top 500 software vendors apps run the. Accelkkr completes carveout acquisition of springbrook. Menlo park, cabased accelkkr, a technologyfocused private equity investment firm, today announced it has entered into an agreement to acquire austinbased sage nonprofit solutions selected as one of the best companies to work for in texas for the fourth consecutive year. Accel kkr will maintain a small equity ownership position in abila, which increased its revenue threefold since accel kkr. In 2017 technologybased private equity firm accel kkr sold a majority stake in abila software to insight in april 2017, which it bought from sage software in 20. Abila website the company helps these organizations increase efficiency and more easily manage their operations by providing financial management, fund accounting, donor and fundraising management, grant management, online donation processing, human resources, payroll, and fixed asset management software solutions.
The company focuses on investing in midmarket software and technology enabled services firms. Abilas competitors, revenue, number of employees, funding. Venture firm accel kkr sold a majority stake in abila to insight, which it bought from sage software in 20. Accelkkr completes sale of abila to community brands.
The private equity partnership rebranded the former sage nonprofit as abila in july. Abila, formerly sage nonprofit solutions, a provider of software solutions dedicated to serving dynamic nonprofit organizations and government agencie abila acquires avectra august 21. The pe firm will maintain a small equity ownership position in community brands as part of the deal. Software deal marries yourmembership, abila and aptify. Accelkkr makes majority equity investment in accellos. Accelkkr merging accellos with highjump software wsj. Abila, which is owned by accelkkr, is a provider of software solutions for nonprofit organizations and government agencies. Systems, a leading provider of integrated workplace management systems iwms and computeraided facility management cafm software, today announced it has secured a substantial investment from accelkkr, a leading technologyfocused private equity firm. Abila becomes one of the largest software solutions providers serving the nonprofit, association and membership sectors, dramatically expanding its client base and. Accel kkr then purchased avectra membership management software in august 20, with avectra joining mip under the abila brand. Acquired in march by silicon valleybased private equity firm accelkkr from sage group plc, the austinbased.
The firm invests primarily in software and technologyenabled businesses well positioned for topline and bottomline growth. In 2016, accel kkr acquired the smart communications division from thunderhead and invested in cloud software company integrichain in march. The deal makes abila one of the largest tech providers in the nonprofit space with a combined 8,000 clients. Accel kkr, a technologyfocused private equity firm, today announced that it has completed its sale of its portfolio company abila to community brands. Accelkkr joins growing list of firms selling stakes to. Tops software competes in the it services industry.
Accela sells subsidiary springbrook to private equity firm. Accelkkr acquires sage nonprofit solutions menlo park, cabased accel kkr, a technologyfocused private equity investment firm, today announced it has entered into an agreement to acquire austin. Accel kkr acquired abila in 20 from the sage group plc. Tops software was founded in 1985, and its headquarters is in clearwater, florida. Accelkkr is a technologyfocused private equity firm with u. With accel kkr s backing and a new independence, we have the opportunity to drive innovation, customer engagement and communications elevating and extending who we are as a company. Accel kkr makes majority equity investment in accellos investment to drive further growth and penetration of the leading supply chain execution platform focused on the smb segment, and to. Improved functionality and mobile accounting onthego abila. Mar 11, 20 nonprofit inc millennium sold to accelkkr. Sage sold the mip nonprofit software solutions to accel kkr in march 20.
Accel kkr focuses on middle market companies, providing capital for buyouts and growth investments across a range of opportunities including recapitalizations. Apr 07, 2017 accel kkr has sold abila to community brands. And last month, accel kkr s portfolio company abila, formerly branded as sage nonprofit solutions, acquired virginiabased internet customer software company avectra, making it one of the largest. Abila has approximately 8,000 clients across north america now. Accelkkr takes majority stake in ea holdings law360. Accel kkr completes carveout acquisition of springbrook software leading provider of cloudbased finance and administration software to local government partners with techfocused investment.
Accelkkr said it sold its nonprofit and membership software company abila inc. By rebranding from sage nonprofit solutions to abila, the company is fueling their future and growth. Accelkkr acquired abila in 20 when the business, which provides software and services to associations, nonprofit organizations and governmental entities, was spunoff from ukbased the sage group plc. The firm sold its software company abila in april and also began raising capital for its accelkkr. Industry leader sage nonprofit solutions becomes abila company poised to accelerate growth following acquisition austin, texas, july 15, 20 sage nonprofit solutions is now abila, a company. Nonprofit software publisher abila sold to community. Accel kkr feb 02, 2017 austin, texas february 2, 2017 abila, the leading provider of software and services to associations, nonprofits, and government entities, announced today that it has appointed. Accelkkr acquired abila in 20 when the business, which provides software and services to associations, nonprofit organizations and governmental entities, was spunoff from ukbased the. Menlo park, ca, april 7, 2017 accelkkr, a technologyfocused private equity firm, today announced that it has completed its sale of its portfolio company abila to community brands. Abila s revenue is the ranked 3rd among its top 10 competitors. Company poised to accelerate growth following acquisition austin, texas, july 15, 20 sage nonprofit solutions is now abila, a company dedicated to serving dynamic nonprofit organizations and government agencies through highvalue solutions that simplify and streamline processes. Avectras software is used to connect associations and nonprofits with their constituents, partners and prospects more effectively. Accelkkr sells abila stake to community brands pitchbook. Systems secures growth equity investment from accelkkr.
Sage group also will have an equity stake in swiftpage, which. Accelkkr closes sale of software firm abila to community. The pe firm will maintain a small equity ownership position in. Abila software, which was created in march when private equity firm accel kkr bought sage nonprofit solutions, has purchased avectra, a leading association management ondemand software firm. Community brands has acquired abila, a software provider for associations and nonprofit organizations from private equity firm accelkkr. With accelkkrs backing and a new independence, we have the opportunity to drive innovation, customer engagement and communications elevating and extending who we are as a company. Accel kkr acquired abila in 20 when the business, which provides software and services to associations, nonprofit organisations and governmental entities, was spunoff from ukbased the sage group plc. Accel kkr will retain a small equity ownership stake in abila. The company helps these organizations increase efficiency and more easily manage their operations by providing financial management, fund accounting, donor and fundraising management, grant management, online donation processing, human resources, payroll, and fixed asset management software solutions.
Financial terms of the deal were not disclosed, according to a report published on pe hub. Abila acquires avectra austin, texas, august 21, 20 abila, formerly sage nonprofit solutions, a provider of software solutions dedicated to serving dynamic nonprofit organizations and government. Accel kkr acquired abila in 20 when the business, which provides software and services to associations, nonprofit organizations and governmental entities, was spunoff from ukbased the sage. The firm invests primarily in software and technology. The firm seeks to invest in buyouts of divisions of larger companies, divisional carveouts, subsidiaries and business units or operating assets from public companies. Accel kkr acquired austin, texasbased sage nonprofit solutions and funded the firm swiftpage to acquire sage act. The main thing that i would say about accelkkr is that they are in the boat with you. Theyre rolling up their sleeves, theyre in there with us. Accel kkr portfolio company accellos said it agreed to merge with highjump software, a minneapolisbased fellow provider of supply chainmanagement software for logistics and other. The firm invests primarily in software and technologyenabled services businesses. With the covid19 outbreak making home delivery food companies more popular than ever, here are six of the best recipe box services currently delivering across the uk. Community brands buys accelkkrbacked software maker, abila.
Based in austin, texas, abila provides software and services to associations, nonprofit organizations and governmental entities. Community brands has acquired abila, a software provider for associations and nonprofit organizations, from techfocused, private equity firm accel kkr. Equity risk partners recent transactions equity risk. Acquisitions and recapitalizations of founderowned or closelyheld private companies. Prior to joining accel kkr, andy worked with peak rock capital and the gores group focused on control investments across a variety of industries, including the technology, business services and industrial sectors. Austin, texas february 2, 2017 abila, the leading provider of software and services to associations, nonprofits, and government entities, announced today that it has. Apr 07, 2017 accel kkr said it sold its nonprofit and membership software company abila inc. Accel kkr is a private equity firm that focuses on technology companies.
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