New York, Dec. 2, 2011 (GLOBE NEWSWIRE) -- MicroEdge, LLC, the leading provider of solutions for the giving community worldwide, today announced that it has acquired AngelPoints, Inc. Following the successful release of several new offerings this acquisition represents MicroEdge’s accelerated commitment to delivering comprehensive CSR (Corporate Social Responsibility) solutions.
AngelPoints is a privately held company based in Sausalito, California. For the past 10 years, AngelPoints solutions have supported some of the world’s largest and most respected companies. Today, the company’s easy to use solutions for employee volunteering, payroll giving, matching gifts, disaster response, dollars for doers, and sustainability serve more than 70 corporations and 2 million employees globally.
MicroEdge is the largest provider of software and services to the giving community with robust and integrated solutions that help foundations, corporations and other philanthropic organizations organize, simplify and measure the act of giving. Each year, billions of dollars are tracked and awarded with MicroEdge GIFTS solutions, the number one choice for grants management. The company has a 26-year history in the community and currently serves more than 2,400 clients globally. Together with AngelPoints, over 400 foundations and corporate giving organizations rely on our solutions to fulfill their grantmaking, employee involvement and CSR reporting needs, making the combined organization the leading provider of solutions to meet this need.
More and more organizations are expanding the scope of their giving programs to include the contributions of time and money of their employees. As they look to ensure alignment of their programs to their strategy, it has become increasingly important to have a single, holistic view of their giving. With the acquisition of AngelPoints, MicroEdge will be able to provide 360 degree CSR reporting, providing clients the ability to quickly and easily see their total impact, from traditional grantmaking, to employee volunteer hours, to sustainability practices.
"We’re pleased to welcome the AngelPoints team into the MicroEdge organization. This acquisition exemplifies our commitment to our clients, and accelerates our ability to meet their most pressing needs," says Preston McKenzie, CEO of MicroEdge. "Our corporate clients told us they wanted to simplify the management of all their philanthropic programs. By bringing together two market leaders - the best in grants management and the best in employee involvement - we are able to provide clients with one partner that can meet all of their CSR needs."
"We look forward to the possibilities this holds for our clients, our people and our solutions," says Andy Mercy, President of AngelPoints. "MicroEdge is a well-respected player in the giving community, and we have a shared vision and passion for helping our clients achieve their goals. With significantly more product development resources and larger account management and services teams, our current and future clients will greatly benefit from the added expertise and resources to meet more of their needs, faster. "
The transaction was completed on November 30, 2011.
How to Learn More
MicroEdge will be hosting several webinars to share more details about the acquisition. To review Frequently Asked Questions or to register for the webinar, please visit the MicroEdge website at www.microedge.com/angelpoints.
About AngelPoints
AngelPoints is a leading provider of corporate volunteer, sustainability, and giving program management technology solutions. The AngelPoints platform helps corporations in every industry around the globe inspire their employees to commit to greater sustainability and responsibility in order to improve their lives, their companies and the world. Founded in 2001, AngelPoints is headquartered in Sausalito, Calif. and serves more than 70 corporations worldwide. For more information about AngelPoints visit www.angelpoints.com.
About MicroEdge
Established in 1985, MicroEdge, LLC is the leading provider of software and services to the giving community worldwide. MicroEdge solutions deliver a powerful, integrated, and open framework for efficient and effective charitable giving. The company is committed to providing the best technology toolset for foundations, corporations, government agencies, donors, advisors and financial institutions. Together, these tools help organizations to work with one another to raise, invest, manage and award charitable currency. MicroEdge is headquartered in New York City with regional offices throughout the U.S. and supports thousands of clients worldwide. MicroEdge is part of the Vista Equity Partners portfolio of software and technology-enabled companies. To learn more about Vista Equity Partners, visit www.vistaequitypartners.com. To learn more about MicroEdge, visit www.microedge.com.