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M&A Deal Summary

Bonterra Acquires DonorDrive

On September 10, 2024, Bonterra acquired internet software and services company DonorDrive from Invoice Cloud

Acquisition Highlights
  • This is Bonterra’s 4th transaction in the Internet Software and Services sector.
  • This is Bonterra’s 6th transaction in the United States.
  • This is Bonterra’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-09-10
Target DonorDrive
Sector Internet Software and Services
Buyer(s) Bonterra
Sellers(s) Invoice Cloud
Deal Type Divestiture

Target

DonorDrive

Cincinnati, Ohio, United States
DonorDrive provides peer-to-peer and digital fundraising solutions that create meaningful relationships with nonprofit supporters and drive more revenue for their cause. DonorDrive is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Bonterra

Austin, Texas, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Bonterra is a provider of software-as-a-service solutions for corporate philanthropy, including workplace giving, employee engagement, and grants management. Bonterra was founded in 1999 and is based in Austin, Texas.

DEAL STATS #
Overall 6 of 7
Sector: Internet Software and Services M&A 4 of 4
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-31 WeSpire

Boston, Massachusetts, United States

WeSpire provides software for enterprises to manage complex ESG programs across a diverse/dispersed workforce. WeSpire was founded in 2010 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-15 OneCause

Indianapolis, Indiana, United States

OneCause provides fundraising software solutions designed for nonprofit organizations. OneCause was founded in 2008 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

Invoice Cloud

Boston, Massachusetts, United States
Category Company
Founded 2009
Sector Internet Software and Services
Revenue 304M USD (2022)
DESCRIPTION

Invoice Cloud delivers SaaS platforms that drive customer engagement, operational efficiency, and convenient billing and digital payments across multiple vertical end markets. Invoice Cloud was founded in 2009 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 HealthPay24

Mechanicsburg, Pennsylvania, United States

HealthPay24 is a cloud-based patient payment software which captures and manages the patient financial responsibility as early as pre-service estimation through post-service, provides flexibility and convenience for online and POS collections, and fuels productivity to financial posting and reconciliation processes. HealthPay24 was founded in 2001 and is based in Mechanicsburg, Pennsylvania.

Sell -
Mergr

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