Accel-KKR has acquired Salsa Labs. Financial terms weren’t announced. Salsa Labs, of Bethesda, Maryland, provides SaaS software for nonprofits. Madison Park Group advised Salsa Labs.
Salsa Labs Has Been Acquired by Accel-KKR
BETHESDA, MD. APRIL 12, 2018 — Salsa Labs, a leading provider of fundraising, advocacy, and marketing software for nonprofits, today announced that it has been acquired by Accel-KKR, a leading technology focused private equity firm.
This acquisition will help accelerate Salsa Labs’ strategy to continue to organically build upon their leading edge supporter engagement platform and to acquire other technologies that empower nonprofits to more successfully fundraise, advocate, communicate, and manage supporter relationships.
Donna Myers, Chief Operating Officer at Salsa Labs, will transition into the role of Chief Executive Officer. Prior to the 2015 merger of Salsa Labs and DonorPro, Donna served as Chief Executive Officer of DonorPro. She has extensive experience in delivering solutions to help nonprofit organizations be successful.
Myers said about the Accel-KKR partnership, “We look forward to working with the team at Accel-KKR to aggressively pursue the many growth opportunities that are available to us including the acquisition of complementary technologies and services that will help nonprofits raise more money, grow their supporter bases, and advocate for change.”
Phil Cunningham, Operating Executive at Accel-KKR, said “We are very pleased to partner with Donna and with the entire team at Salsa Labs. They have done an excellent job in providing cost effective solutions to help nonprofits with both online and offline outreach. We look forward to working with the team to grow the company and further enhance its product and services portfolio.”
“Salsa Labs and its team have built a terrific position in the market helping nonprofits grow their organizations and deepen relationships with supporters. We could not be more pleased to be working with the team through the next phase of their growth,” said Joe Savig, Principal at Accel-KKR.
Madison Park Group served as exclusive financial advisor to Salsa Labs on the transaction.
About Salsa Labs
Salsa Labs is a technology company that provides powerful fundraising, advocacy and marketing software to nonprofit organizations helping them Engage and Change the World. Salsa’s leading supporter engagement suite combines marketing automation, email marketing, online fundraising, and online advocacy, with an award-winning nonprofit CRM for powerful donor and constituent relationship management. The company fuels more than 3,000 organizations and 10,000 nonprofit professionals to deliver on their mission! Salsa Labs has offices in Pittsburgh, PA, Bethesda, MD, and Austin, TX. For more information, please visit http://www.salsalabs.com.
Accel-KKR is a technology-focused investment firm with $4.3 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. For more information, please visit: http://www.accel-kkr.com.
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