Network for Good Joins the Social Good Platform
We’re starting the year off strong with news that Network for Good is joining the social good software platform formed through the combination of CyberGrants, EveryAction, and Social Solutions.
Network for Good is one of the best-known voices in the nonprofit space, and it is an essential provider of educational resources and tools to help small and mid-sized nonprofits succeed. Today, more than 7,000 organizations trust Network for Good to power their donor management, fundraising, events, and auctions programs. And we’re thrilled to have them join our client family.
CyberGrants clients will still work with the same CyberGrants team members, products, and services they love. This new addition to our fundraising business does not change our client relationships in any way! With the addition of Network for Good, we will further empower nonprofits, public sector agencies, corporations, foundations, and individual donors to capitalize on digital transformation and create lasting social change. So keep an eye out for more details throughout the year.
You can read more about this exciting update in the press release issued today:
Network for Good Joins Landscape-Defining Social Good Software Platform
Social Good Company backed by Apax Funds welcomes fundraising software provider as they
transform the social good sector through technology and data
AUSTIN, TX—January 4, 2022—The social good software platform backed by funds advised by
Apax Partners LLP (“Apax”) and formed through the combination of CyberGrants, EveryAction, and
Social Solutions (“the Company”), today announced that it has reached an agreement to acquire
Network for Good, a Certified B Corporation and leading provider of cloud-based fundraising software
for nonprofits. Terms of the transaction were not disclosed.
Network for Good, which will be the first acquisition for the recently formed Company, helps small and
mid-sized nonprofits cultivate donor relationships with a unified donor management and fundraising
software platform. A mission-driven organization, Network for Good has been a pioneer in the digital
fundraising space and has enabled thousands of nonprofits to raise billions of dollars.
“We are thrilled to welcome the Network for Good team and its customers to our Company. Network
for Good has an incredible history of helping small and mid-sized nonprofits increase their fundraising
capabilities through a modern and intuitive software platform,” said Erin Mulligan Nelson, CEO of the
Company. “Together, we will offer best-in-class technology solutions to nonprofits of all sizes. We look
forward to working with Bill and the entire Network for Good team to help our customers increase
support, improve outcomes, and create lasting social change.”
The acquisition of Network for Good will expand the Company’s modern software offerings for small
and mid-sized nonprofits as it continues its mission to create the leading provider of next-generation
Software-as-a-Service (“SaaS”) solutions for the social good ecosystem. Existing Network for Good
customers will have the opportunity to access a broader suite of next-generation solutions that will
enable them to increase efficiency and build more support.
With the addition of Network for Good, the Company is further empowering nonprofits, public sector
agencies, corporations, foundations, and individual donors to capitalize on digital transformation and
do more good via innovative software. By expanding the offerings of all platforms involved and
increasing the scope and velocity of product innovation, the Company will create additional value for
users while improving outcomes for those served.
“We’ve been on a 20-year mission to make fundraising easy for small and mid-sized nonprofits. I am
extremely proud of the work we have accomplished to date, and I believe that by partnering with Erin
and team we will expand our ability to help nonprofits enhance relationships with their supporters and
grow their missions,” Bill Strathmann, CEO of Network for Good, commented. “This is a great home
for Network for Good, with its kindred focus on impact, and we are excited to leverage the combined
Company’s leading software solutions to the benefit of our customers and the sector.”
The transaction is subject to customary closing conditions and is expected to close in January 2022.
The Company was advised by Canaccord Genuity and Skadden, Arps, Slate, Meager & Flom.
Network for Good was advised by Raymond James and Goodwin Procter.