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New Deal


Announced

Completed

Bloomerang completed the acquisition of Qgiv from Sphere.

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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biotechnology platform

technology platform

fundraising technology

United States

Digital Services

Acquisition

Domestic

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Bloomerang, the complete nonprofit donor and volunteer relationship management platform, completed the acquisition of Qgiv, a nonprofit fundraising technology platform, from Sphere, a financial technology company. Financial terms were not disclosed. "Sphere's innovative healthcare technology solutions are transforming the patient financial experience and workflow. Sphere delivers solutions that are trusted by more than a third of the 100 largest health systems in the US and thousands of independent medical providers across the country to facilitate and drive secure payments by having Sphere's software solutions highly integrated into clients' workflows, patient billing systems, and electronic health records," Andrew Rueff, Sphere Executive Chairman.

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