Nonprofit Fractured Atlas Buys For-Profit Tech Firm
August 6, 2013 Mark Hrywna
Fractured Atlas, a nonprofit aimed at providing artists with smart technology and support services, announced that it has acquired Gemini SBS, a for-profit customer software development firm.
Gemini specializes in developing custom software for arts, education and governmental organizations. Its team of four developers will join the custom software development division at New York City-based Fractured Atlas. Gemini’s Shawn Anderson has been appointed technology project manager, a new position created to oversee the customer software development expansion.
The acquisition price was $1 and Fractured Atlas has a $20-million budget for the next fiscal year and now has 27 staff members, including the four Gemini employees. Fractured Atlas founder and executive director Adam Huttler launched Gemini in 2003.
Fractured Atlas in September will launch a cloud-based software platform created for artists by artists that allows for direct ticketing, fundraising and mailing list management.
In 2012, the 15-year-old nonprofit launched Spaces, an online service described as an “OpenTable for rehearsal and performance space,” and its fiscal sponsorship program, which provides online platform, digital support and partnerships with crowdfunding sites. More than 3,200 projects have raised over $13.7 million in the last year.