Community Brands has acquired Abila, a software provider for associations and non-profit organizations from private equity firm Accel-KKR. The PE firm will maintain a small equity ownership position in Community Brands as part of the deal. Financial terms of the deal were not disclosed.
Abila is a software-as-a-service technology firm providing web hosting, learning management, training, and client success and implementation services. The Austin, Texas-based target intends to help nonprofit and government organizations improve decision-making and increase engagement in order to generate more revenue. Accel-KKR acquired Abila in 2013 from The Sage Group Plc. Abila has approximately 8,000 clients across North America now.
As part of the deal, Abila will join Community Brands' portfolio of companies which includes membership software provider Aptify and client management software designer YourMembership. Community Brands has more than 13,000 clients with the joining of the three software brands.
“With the knowledge that technology and business models are evolving, organizations need applications that are flexible and seamlessly connect to create even more value in attracting and retaining members, donors and organizational talent,” says YourMembership CEO JP Guibault.
Accel-KKR is a technology-focused private equity firm with U.S. offices in Menlo Park, California and Atlanta. Accel-KKR has been active recently. The firm began raising capital for its Accel-KKR Credit Partners LP Series 1 in December 2016. In 2016, Accel-KKR acquired the Smart Communications division from Thunderhead and invested in cloud software company IntegriChain in March. The firm also closed its fifth buyout fund valued at $1.3 billion amid high interest in the software industry.
Deals for software-as-a-service (SaaS) companies are expected to soar throughout 2017, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). Related SaaS deals include: Bregal Sagemount’s investment in Internet access provider Single Digits Inc.; Clearlake Capital Group LP’s acquisition of legal software maker NetDocuments; and Thoma Bravo’s purchase of enterprise software developer Planview.