Bloomerang, an Indianapolis-based donor management software firm founded in 2012, has acquired a Tennessee-based firm that makes a platform with online fundraising tools for not-for-profits.
Bloomerang officials said in a media release the acquisition of Kindful combines the two largest companies in the donor management software space. Financial terms of the deal, which was announced Friday, were not disclosed.
The acquisition is a sizable one for Bloomerang. Zoominfo, a database of information about businesses, says Kindful has more than 90 employees and Bloomerang has 110. A press release announcing the acquisition said the combined company now has 200 employees and will support tens of thousands of not-for-profit professionals globally.
Bloomerang officials could not be reached by IBJ for comment.
In a media release, they noted the complementary combination of Bloomerang’s donor engagement insights and Kindful’s strengths in online giving and integrated applications.
“We’ve always focused on elevating the effectiveness of nonprofits and now we’ll be able to scale it at a much faster pace,” Bloomerang CEO Ross Hendrickson said. “Our target market has been underserved by legacy tech and manual processes. They deserve much more. By combining the two top rated companies in this space, we can make a combined platform that helps nonprofits acquire new donors, increase donor loyalty and ultimately affect their mission through thoughtful fundraising.”
The combined company, officials said in the press release, will give not-for-profits a single solution for donor management, communication, fundraising and reporting.
“Kindful’s donor management platform has excelled by making online donation pages, real-time integrations and reporting tools simple, yet powerful for customers,” said Jeremy L. Bolls founder and CEO of Kindful. “We’re thrilled to join Bloomerang because together we can help our customers make a greater impact on the world by providing tools that allow them to spend more time and resources on their mission to do more good.”