TA Associates acquires Momentive Software's Association & Events and Nonprofit Solutions divisions to accelerate growth and enhance market leadership in the nonprofit technology sector.

Information on the Target

Momentive Software, previously known as Community Brands, is a premier provider of cloud-based software, services, and payment solutions designed to enhance operational efficiency for associations and nonprofit organizations. Founded in 2017, the company focuses on accelerating the missions of its clients, which encompass a broad spectrum of social good organizations. Momentive’s comprehensive array of software and services includes tools for membership management, fund accounting, and fundraising solutions, all aimed at automating business processes and tracking mission progress for over 30,000 clients across 30 countries.

The rebranding to Momentive Software signifies a strategic shift that better reflects the organization's commitment to meeting the specific needs of its customers, which has become increasingly vital in today's dynamic environment. With a clear mission to amplify their users' impact, Momentive Software emphasizes operational streamlining and heightened fundraising awareness, ultimately fueling growth for these purpose-driven institutions.

Industry Overview in the Target’s Specific Country

The nonprofit sector in the United States plays a crucial role in addressing societal issues, with millions of organizations dedicated to various causes ranging from education and healthcare to environmental conservation and social justice. According to the National Council of Nonprofits, the sec