New York, NY, Jan. 8, 2013 (GLOBE NEWSWIRE) -- MicroEdge, LLC, the leading provider of solutions to the giving community worldwide, today announced the company has received a minority investment from Bregal Sagemount. Existing investors Vista Equity Partners and the MicroEdge management team, led by Chief Executive Officer Preston McKenzie, will retain majority ownership. Daniel Kim, a Partner and Co-founder of Bregal Sagemount, and Adam Fuller, a Vice President and Co-founder of Bregal Sagemount, will join the MicroEdge Board. Additional terms were not disclosed.
"We are very pleased to bring on Bregal Sagemount as an investor," said Mr. McKenzie. "We are proud of our accomplishments since our founding in 1985. With the continued support and guidance of Vista Equity Partners and the addition of our new investor, Bregal Sagemount, we are in a great position to continue our upward trajectory by expanding our products and services to help our clients achieve the greatest possible impact with their giving and philanthropic initiatives."
With thousands of clients and over 1 million users, MicroEdge provides grant making, fund management, donor management, and corporate social responsibility software solutions for giving organizations and corporations worldwide. These solutions deliver a powerful, integrated, and open framework to organize, simplify and measure the act of giving.
"We are very pleased to invest in MicroEdge," said Mr. Kim. "We look forward to pursuing additional growth opportunities in partnership with Vista Equity Partners and the MicroEdge management team."
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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. To learn more about MicroEdge, please visit www.microedge.com.
About Vista Equity Partners
Vista, a U.S.-based private equity firm with offices in San Francisco, Chicago, and Austin, currently invests over $6.6 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information, please visit www.vistaequitypartners.com.
About Bregal Sagemount
Bregal Sagemount is a growth-focused private equity fund with $500 million in committed capital. Bregal Sagemount makes investments of $15 million to $150 million in market leaders in high growth segments. For more information, please see www.bregalsagemount.com.
Media Contact:
Kathy Krais
800.899.0890 ext. 3966
kkrais@microedge.com
MicroEdge is a trademark and/or service mark of MicroEdge, LLC. All other company names or marks mentioned herein are those of their respective owners.