Announced
Completed
Synopsis
Bonterra, a social good software company creating technology for the greatest good, completed the acquisition of EngageSmart, a provider of peer-to-peer and digital fundraising solutions, from Vista Equity-backed InvoiceCloud, a company that provides modern digital payment, customer engagement, and outbound disbursement solutions. Financial terms were not disclosed. “Now more than ever, supporters want to give more — and nonprofits need more sustainable giving. The key to both is crafting experiences that create meaningful connections between givers and the causes they care about, and DonorDrive is a market leader in doing exactly that. This acquisition is a major win for nonprofits, supporters, and Bonterra’s mission to increase giving to 3% of US GDP by 2033," Scott Brighton, Bonterra Chief Executive Officer.
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