Funds advised by Apax 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 provider of next-generation Software-as-a-Service offerings to the social good ecosystem. Vista will maintain a stake in the combined business.
The combined company will seek to bring together EveryAction’s omni-channel engagement platform for non-profits, with Social Solutions’ case management software and CyberGrants’ solutions for corporate social responsibility, employee engagement, and volunteer management.
“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.
“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.”
Apax was advised by Evercore (financial advisor) and Skadden, Arps, Slate, Meager & Flom (legal advisor). EveryAction and Insight were advised by William Blair & Co. (financial advisor) and Willkie Farr & Gallagher (legal advisor). Social Solutions and Vista were advised by Harris Williams (financial advisor) and Kirkland & Ellis LLP (legal advisor).