Abila, a portfolio company of Accel-KKR, has acquired Avectra, a provider of Web-based CRM services for associations and not-for-profits. Accel-KKR acquired Abila in March 2013. With the acquisition of Avectra, Abila has become one of the largest software services providers serving the nonprofit, association and membership sectors with a customer base of 8,000 organizations.
Avectra’s Web-based services for associations and not-for-profits include membership management, donor management and crowd-contribution management. The company is headquartered in McLean, VA with regional offices in Chicago, IL and Maitland, FL (www.avectra.com).
“We are excited to be joining forces with Abila to create a leading company serving the nonprofit and association marketplace,” said Richard Davis, CEO, Avectra. “We have long respected the Abila team, and believe the combined company will be able to deliver even more value as we grow together into the future.”
Abila (formerly Sage Nonprofit Solutions, a division of Sage Group) develops software services for nonprofits, government agencies, associations, membership organizations and higher education institutions. Services include financial management, fund accounting, donor and fundraising management, grant management, online donation processing, human resources, payroll, and fixed asset management. Abila is headquartered in Austin, TX (www.abila.com).
“We are delighted to welcome Avectra’s highly regarded product set, talented team and significant base of clients into the Abila family,” said Krista Endsley, CEO, Abila. “Working together, our shared knowledge and expertise will further solidify our ability to deliver SaaS solutions to the nonprofit and association markets.”
Accel-KKR invests primarily in technology business with $15 million to $150 million in revenue. The firm has a particular focus on recapitalizations of family-owned or closely-held private companies; divisional buyouts of larger companies; and going private transactions. Accel-KKR is headquartered in Menlo Park with an additional office in Atlanta (www.accel-kkr.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 8-21-13
