Momentive Software completed the acquisition of Cobalt.

Momentive Software, a provider of cloud-based software, services and payment solutions, completed the acquisition of Cobalt, a provider of association and certification management software. Financial terms were not disclosed. “Acquiring Cobalt underscores Momentive’s dedication to making strategic technology investments that deliver greater value to our customers and partners. The Cobalt team is joining us at a great time in our journey, and I look forward to growing our team and continue delivering user-friendly solutions to help nonprofits and associations sustain mission growth. Our recent launch of Automated Payments for MIP Accounting and improved payment experience with Clover Go integration, coupled with these acquisitions forge the path in our ability to change the industry,” Mike Henricks, Momentive Software CEO.