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Bloomerang Acquires Qgiv To Deliver The Sector'S First Giving Platform

Jan 10, 2024•over 1 year ago

Acquiring Company

Bloomerang

Acquired Company

Qgiv

IndianapolisLakelandSoftwarePhilanthropic Fundraising Services

Description

Bloomerang, the complete donor and volunteer relationship management platform for thousands of small and medium-sized nonprofits, today announced that they acquired Qgiv, a leading provider of fundraising technology solutions. This strategic acquisition accelerates Bloomerang's vision to build the giving platform of the future.

Company Information

Company

Bloomerang

Location

Indianapolis, Indiana, United States

About

Indianapolis-based Bloomerang is the complete donor management solution that helps thousands of small and medium-sized nonprofits deliver a better giving experience and create stable, thriving organizations. Combining robust, simple-to-use technology with people-powered support and training, Bloomerang empowers nonprofits to work efficiently, improve their donor relationships and grow their donor bases. With Bloomerang, nonprofit professionals love their work and have another teammate in the cause.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed