Social good software company acquires leader in digital fundraising solutions
AUSTIN, Texas--(BUSINESS WIRE)--Bonterra, a social good software company creating technology for the greatest good, today announced it has acquired DonorDrive, a leading provider of peer-to-peer and digital fundraising solutions that create meaningful relationships with nonprofit supporters and drive more revenue for their cause. The terms of the transaction were not disclosed.
The acquisition is part of Bonterra's commitment to actively create more impact for every customer's mission — continually building, acquiring, and integrating the best technology "for the greatest good." Bonterra's vision is to double the size of philanthropy over the next decade by enabling trust-based relationships between funders, volunteers and the nonprofits they support. An important part of that is empowering nonprofits to deliver more compelling, impactful experiences across every interaction with their supporters.
The integration of DonorDrive with Bonterra's suite of industry-leading fundraising tools will enable current and future customers to deliver one unified experience across all their fundraising platforms: email fundraising, online fundraising, event fundraising, social media fundraising, peer-to-peer fundraising, development, volunteer management, direct mail and online advocacy. Furthermore, this acquisition bolsters the quantity and quality of data that feeds Bonterra's current and growing list of AI-enabled fundraising capabilities.
"Now more than ever, supporters want to give more — and nonprofits need more sustainable giving," said Scott Brighton, Chief Executive Officer for Bonterra. "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."
"The DonorDrive team has built an amazing solution to help hundreds of nonprofit organizations increase revenue for individual giving and peer-to-peer fundraising," said Kevin O'Brien, Chief Executive Officer of InvoiceCloud, the parent company of DonorDrive. "We are confident that the addition of DonorDrive to the Bonterra portfolio supports a shared vision for nonprofits to create lasting impact through enhanced supporter experiences."
Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Bonterra. Raymond James served as financial advisor to InvoiceCloud, and Vinson & Elkins LLP served as legal advisor.
About Bonterra
Bonterra is technology for the greatest good — helping nonprofits, charitable foundations, and socially responsible companies raise more, give more, and get more for their missions. With leading solutions across fundraising and engagement, strategic philanthropy, and impact management, we're innovating with a higher purpose: to increase giving to 3% of US GDP by 2033, creating $573 billion more in global impact every year. Learn more at .
About DonorDrive
DonorDrive is an advanced digital fundraising platform for nonprofits that turns everyday people into powerful fundraisers. Drive more revenue for your cause with the most immersive, connected, and well-designed fundraising experience ever made. For more than 20 years, DonorDrive has helped hundreds of nonprofits like Children's Miracle Network Hospitals, American Foundation for Suicide Prevention, Covenant House, Doctors Without Borders, Muscular Dystrophy Association, World Vision, and hundreds more to raise billions of dollars. To learn more, visit .
About InvoiceCloud
InvoiceCloud provides modern digital payment, customer engagement, and outbound disbursement solutions. The company services more than 3,250 customers across the utility, government, and insurance industries and is a leader in the electronic bill presentment and payment (EBPP) space. InvoiceCloud's SaaS platform enables continuous enhancements to the customer experience resulting in higher digital payment, autopay, and paperless adoption rates. By switching to InvoiceCloud, clients can improve customer engagement and satisfaction while lowering costs, accelerating payments, and reducing staff workloads. To learn more, visit .
Contacts
Media Contact:
Benjamin Engel
bonterra@theabbiagency.com
(615) 973 - 1768
