Incline Equity Partners, a Pittsburgh-based private equity firm, has acquired iWave, a fundraising technology service for education, healthcare and nonprofit organizations, from Sverica Capital Management LP.

Headquartered in Charlottetown, Prince Edward Island, Canada, iWave offers a service that uses wealth, philanthropic and biographic data for its intelligence that fundraising teams are able to use to identify, cultivate and retain donors. The company also offers analytics and insights, aiming to help clients improve their fundraising efforts.

“I’m excited that iWave will empower many more of the world’s great organizations with Incline as its new partner,” says Ryan Harstad, partner at Sverica.

Shea & Co. LLC served as financial advisor, and Choate, Hall & Stewart LLP served as counsel to iWave on the transaction.