TA Associates to acquire association & events division from Community Brands.

TA Associates, a private equity firm, agreed to acquire association & events division from Community Brands, a provider of cloud-based software, services and payment solutions. Financial terms were not disclosed. “We are thrilled to be partnering with Mike Henricks, Mike Mayoras and all of the talented team members at Momentive Software to further accelerate the company’s market leadership. We have been impressed with Momentive’s strong business foundation and with its highly knowledgeable and experienced team that has a passion for supporting customers who are important pillars in their communities. We see a tremendous opportunity for growth and look forward to supporting the new Momentive and uncovering opportunities that fuel product innovation and increase the value Momentive can deliver to its more than 39k customers across 30 countries. In recognition of the passion Momentive Software employees have towards the causes they enable, TA will be offering employee ownership at all level," Hythem El-Nazer, TA Managing Director.