This excerpt is from our complimentary 2Q13 Quarterly Software Industry Financial Report which can be downloaded here: http://www.softwareequity.com/research_reports.aspx
For Immediate Release
SAN DIEGO, CA – August 19, 2013 – Software Equity Group, LLC (SEG) announced today its client, Artez Interactive, the leading provider of SaaS multi-channel nonprofit fundraising solutions, has been acquired by FrontStream Payments, Inc., a leading provider of payment, peer-to-peer fundraising and donor solutions.
Headquartered in Toronto, Canada, Artez Interactive is the leading provider of multi-channel (web, mobile and social) fundraising solutions for nonprofits and charities, around the world. Friendship Powered Fundraising is a complete system of technology, functionality, services and support that gives fundraisers and donors the ability to “connect, share and care – when, how and where” across the channels and media they want to.
As a combined entity, FrontStream and Artez will leverage the strength of their applications and their teams to offer the most comprehensive set of fundraising and donation processing solutions to nonprofit organizations and integrated API partners on a global scale.
“Since our first entry to the US market, Artez has been perceived as a vital alternative to the incumbent players,” says James Appleyard, Chief Executive Officer of Artez Interactive. “By joining forces with FrontStream, we will have an unparalleled opportunity to increase the number of charities we support, while sustaining the pace of innovation for the benefit of fundraising outcomes, which the charitable sector has come to expect from us.”
The sale of Artez Interactive to FrontStream Payments is SEG’s fourth announced transaction in as many months.
About Software Equity Group
Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, the firm has guided and advised companies on five continents, including privately-held software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. SEG has represented public companies listed on the NASDAQ, NYSE, American, Toronto, London and Euronext exchanges, and also advises several of the world’s leading private equity firms. Software Equity Group has been ranked among the top ten investment banks worldwide for application software mergers and acquisitions. Please visit us at www.softwareequity.com.
For more information:
Allen Cinzori, (858) 509-2800