Apax Partners-backed Bonterra completed the acquisition of Deed.

Apax Partners-backed Bonterra, a provider of ethical AI technology for social good organizations, completed the acquisition of Deed, a provider of a workplace giving and volunteering platform that enables employees to donate time, money, and skills to nonprofits they care about. Financial terms were not disclosed. “Employees do not want another clunky portal. They want to do good in seconds. Deed has built the best employee experiences in the market, and they are moving fast on AI in ways the category has struggled to deliver. Together, we will raise expectations for what corporate philanthropy software should feel like,” Scott Brighton, Bonterra CEO.