Kohlberg Kravis Roberts Buys Sage Nonprofit Solutions…but what is SNS?
February 15, 2013 1 Comment
On February 15, 2013, it was announced that Accell-KKR, of Kohlberg Kravis Roberts is buying Sage Nonprofit Solutions. Kohlberg Kravis Roberts is a technology-focused private equity firm based in New York City. Accel-KKR’s funding of Swiftpage to acquire Sage ACT! and Sage SalesLogix will help Swiftpage’s strategy in the digital marketing platform.
John Oechsle, the CEO of Swiftpage stated that, “The acquisition of Sage ACT! and Sage SalesLogix is a game changer for Swiftpage, giving us a significant presence throughout North America and Europe with award-winning products for the small and medium-sized business markets. We would not have been able to complete this complex transaction without the assistance of the team at Accel-KKR. We look forward to working with Accel-KKR to aggressively pursue the many growth opportunities available to us.”
What is Sage Nonprofit solutions? SNS provides accounting, donor, grant management software, fundraising management, human resources, payroll, and more for non-profit and government organizations. Today, it is helping over 32,000 not-profit organizations increase their efficiency with these products they offer. They are based out of Austin, Texas.