Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Apax Funds Create Landscape-Defining Social Good Software Platform

EveryAction, Social Solutions and CyberGrants to Combine in $2 Billion Transaction

Funds advised by Apax announced that they have reached agreements to acquire EveryAction from Insight Partners and Social Solutions from Vista Equity Partners. The two best-in-class companies will be combined with CyberGrants, which was recently acquired by the Apax Funds, to create a leading provider of next-generation Software-as-a-Service (SaaS) solutions to the social good ecosystem. The combined company will have an enterprise value of $2 billion, making it the largest M&A transaction in the history of the social good software sector. Vista will maintain a stake in the combined business.

SysAdmin Appreciation Day: Top Industry Leaders Share their Insights on IT and Data Ops


The combination of EveryAction, Social Solutions and CyberGrants will allow the three companies to scale their unique offerings and improve their support for non-profit organizations. The combined company brings together EveryAction’s omni-channel engagement platform for non-profits, used to optimize stakeholder interactions, raise more money, and build more support, with Social Solutions’ case management software that provides actionable, data-driven insights in order to help non-profit and public sector customers better coordinate the delivery of essential services, measure impact, and improve outcomes for those in need, as well as CyberGrants’ solutions for corporate social responsibility, employee engagement, and volunteer management that maximizes the impact of corporate philanthropy. Customers will be able to continue to use their existing software solution, while also gaining access to new networks and a larger portfolio of offerings.

Recommended AI News: Daily AI Roundup: The 5 Coolest Things on Earth Today

The new company is expected to have a combined annual revenue of over $200 million and will be the second largest and fastest-growing social good software company currently in the sector globally. Its differentiated, end-to-end solutions collectively will support a unique network of 650,000 non-profit organizations, many of the most respected companies and foundations in the world including half of the Fortune 500, and over 38 million donors and volunteers. The combined company will be well positioned to match non-profits seeking more donations and volunteers with individuals, foundations, companies, and employees looking for opportunities to help.

Since its inception, Apax has been committed to creating a positive impact for people and the communities in which it operates. In 2006, the firm established the Apax Foundation to focus on grants and employee donations to enable social mobility in underserved communities. This experience, coupled with the Apax Tech team’s deep expertise in enterprise software, uniquely positioned Apax to identify three leading assets in adjacent segments of the social good software landscape and execute on a thesis to build a next-generation market leader. The Apax Funds will look to support the new company as it delivers enhanced value to non-profit organizations, their donors and constituents, invests in continued innovation, and accelerates already robust growth.

Related Posts
1 of 29,075

“The social good community will benefit from this combination of best-in-class solutions, and by connecting non-profits with a large network of givers. Apax is the perfect partner to help us collectively Do Good and Do Well, given their outstanding track-record as a tech investor and their focus on impact,” said Stu Trevelyan, CEO of EveryAction.

Recommended AI News: Deloitte Acquires Industrial Cybersecurity Business aeCyberSolutions From aeSolutions

“Joining forces will empower human services agencies in both the non-profit and public sectors to fully capitalize on the opportunities for digital transformation. Our expanded offerings and opportunities for product innovation will create real value for our clients, improve outcomes for the people they serve, and help them accelerate lasting social change,” said Erin Mulligan Nelson, CEO of Social Solutions.

“This combination dramatically strengthens our connections with non-profits, enhancing information flow to enable our clients to maximize and validate the impact of their philanthropy,” said Mark Layden, CEO of CyberGrants.

Jason Wright and Adam Garson, Partner and Principal at Apax, said: “All three companies are mission-driven and have leading solutions in their respective segments. This combination will truly maximize their collective impact by bringing together world-class talent and products. The resulting scale and connectivity between donors and non-profits will help reshape philanthropic giving.”

The transaction is subject to customary closing conditions and is expected to close in Q3 2021.

Recommended AI News: Fast Simon Unveils Klaviyo Integration And Partnership

Comments are closed.