Higher Logic has acquired Socious to enhance its community engagement platform and services for the non-profit and B2B sectors.
Information on the Target
Higher Logic, a prominent player in the realm of cloud-based community platforms, has successfully acquired Socious, a company specializing in community software tailored to the non-profit and B2B enterprise sectors. This acquisition marks a significant step forward in Higher Logic’s mission to offer a comprehensive engagement platform, complete with exceptional services designed to enhance member and customer retention and growth.
Socious, founded in 2002, has distinguished itself by providing innovative software and services that empower associations and user communities to adopt a member-centric approach. With its MemberCloud platform, Socious manages millions of members for leading global associations and firms, thus ensuring its strong presence throughout the industry.
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Industry Overview in the Target’s Specific Country
The online community industry is rapidly evolving, driven by the increasing recognition of the value of member engagement for organizational growth. In the United States, organizations are beginning to understand that fostering deeper
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Higher Logic
invested in
Socious
in 2017
in a Buyout deal