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M&A Deal Summary

Momentive Software Acquires ProSoft Solutions

On November 9, 2021, Momentive Software acquired software company ProSoft Solutions

Acquisition Highlights
  • This is Momentive Software’s 3rd transaction in the Software sector.
  • This is Momentive Software’s 15th transaction in the United States.
  • This is Momentive Software’s 2nd transaction in Texas.

M&A Deal Summary
Date 2021-11-09
Target ProSoft Solutions
Sector Software
Buyer(s) Momentive Software
Deal Type Add-on Acquisition

Target

ProSoft Solutions

Bartonville, Texas, United States
ProSoft Solutions is a software and service provider exclusively for nonprofit and government entities across North America. ProSoft serves organizations through the implementation and training of clients on the acclaimed MIP Fund Accounting solution and its suite of complementary products. ProSoft Solutions was founded in 1987 and is based in Bartonville, Texas.

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Buyer(S) 1

Buyer

Momentive Software

St. Petersburg, Florida, United States
Category Company
Sector Software
DESCRIPTION

Momentive Software is an end-to-end technology solutions provider for faith-based organizations, private education institutions and associations and has customers who benefit from a full suite of Community’s products including membership management software, an online/mobile payment platform, financial accounting software, background checks, messaging and mobile apps. Momentive Software is based in St. Petersburg, Florida.

DEAL STATS #
Overall 17 of 19
Sector (Software) 3 of 3
Type (Add-on Acquisition) 16 of 18
State (Texas) 2 of 2
Country (United States) 15 of 17
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 Ministry Brands

Lenoir City, Tennessee, United States

Ministry Brands is a provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. The company seeks to equip the 21stcentury church with technology that empowers pastors, church executives, technology professionals, and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. Its suite of solutions includes church management, giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Ministry Brands was founded in 2012 and is based in Lenoir City, Tennessee.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 BigSIS

Longmont, Colorado, United States

BigSIS is a cloud-based, all-in-one school information system (SIS) that unifies the admission, enrollment, tuition, fundraising, and academic functions. BigSIS is based in Longmont, Colorado.

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