Accel-KKR Grabs Sage Nonprofit
The PE firm also made an investment in digital marketing company Swiftpage
Private equity firm Accel-KKR is buying Sage Nonprofit Solutions for an undisclosed amount.
Sage, headquartered in Austin, Texas, provides accounting, donor, fundraising and grant-management services to nonprofit organizations.
Accel is also making a minority investment in Swiftpage, a digital marketing platform for small businesses. The investment should help Swiftpage acquire Sage’s ACT contact management and SalesLogix businesses. Sage will also acquire an equity stake in Swiftpage under the terms of the deal.
Menlo park, Calif.-based Accel is a technology-focused firm with more than $2.3 billion in assets under management. The company mainly invests in software and information-technology businesses. The firm was founded in 2000 as a joint venture between venture capital firm Accel Partners and private equity firm Kohlberg Kravis Roberts & Co. LP (NYSE: KKR).
For more information on related topics, visit the following: