The Non-Profit and association management world was notified last week that products they may have been using separately were being “combined” into a “connected ecosystem” of software and services to better serve nonprofits and government entities.
In other words…
Accel-KKR, a technology-focused private equity firm, today announced that it has completed its sale of its portfolio company Abila to Community Brands. Accel-KKR acquired Abila in 2013 when the business, which provides software and services to associations, nonprofit organizations and governmental entities, was spun-off from UK-based The Sage Group plc.
Abila was formerly owned by Sage and marketed as MIP. It was rebranded as Abila and led by Krista Endsley who had led the nonprofit group at Sage Group PLC. In February 2017 Endsley left Abila and Craig Charlton took over as chief executive officer.
Charlton was reportedly a strategic advisor to Accel-KKR. It appears likely his role was to sell the company. Mission accomplished.
Accel-KKR will maintain a small equity ownership position in Community Brands going forward.