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New Deal


Announced

Community Brands to acquire ProSoft Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

United States

Acquisition

software provider

Pending

Single Bidder

Software

Majority

Private

Synopsis

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Community Brands, a provider of cloud-based software to associations and nonprofits, agreed to acquire ProSoft Solutions, a software and service provider exclusively for nonprofit and government entities. Financial terms were not disclosed. "We've made significant strides to accelerate the development of our MIP Cloud product as well as added enhancements to our client experience this year. Bringing ProSoft Solutions into our dynamic portfolio allows us to deeper our customer relationships even further -- by adding key subject-matter expertise and high-quality services to our team. I am thrilled that this acquisition provides new opportunities to our shared customers," Bethany Little, Community Brands Managing Director.

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