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.