Consolidation and acquisition of name brands in the fundraising technology space continues. Heritage Designs, parent of MatchMaker Fundraising software, has been acquired by Arreva, a cloud-based donor relationship management and online fundraising software firm.
Headquartered in Phoenix, Ariz., and privately held, Heritage Designs launched in 1998. Founder Diana Hoyt will stay with the firm, according to a statement from Arreva’s management.
Terms of the deal were not disclosed. This is the first acquisition for Arreva. Blackbaud and Community Brands have also been active in fundraising technology acquisition.
“After almost 20 years leading Heritage Designs, I was enthusiastic about being approached by Arreva,” said Hoyt via a press release. “My team and I are excited to join Arreva and look forward to adding our 50-plus years of experience and knowledge in the nonprofit space to their already impressive organization and their exciting growth path.”
“Heritage Designs founder Diana Hoyt, is a 30-plus year veteran of the nonprofit industry with a national client base and I am excited about the value she brings to the Arreva team,” said Susan Packard Orr, chairman of Arreva, “Her recently released book, “Formula for Fundraising: Embrace Your Donors for Greater Success,” is a must-read for those in the fundraising space. The thought leadership she provides in this arena is an invaluable addition to our already robust team of nonprofit industry professionals,” said Orr via a statement.
“I am pleased that Diana Hoyt, a leading mind in the fundraising world, has decided to join the Arreva team,” David Blyer, CEO of Arreva said via a statement. “The wealth of knowledge that she and her colleagues from Heritage Designs will bring to the table adds to the vast array of knowledge our team already possesses and serves to further our mission to help provide best-in-class software to the non-profit industry.”
Arreva was formed in June 2017 by the melding of Telosa Software and DonorCommunity, developers of a cloud-based platform for integrated online fundraising and donor relationship management, and is based in Fort Lauderdale, Fla., and Palo Alto, Calif. It was co-founded by Orr and Blyer. According to the firm, it serves more than 3,000 clients including national nonprofit organizations Boys & Girls Clubs of America, Ronald McDonald House Charities, The National Council of the Society of Saint Vincent de Paul, The National Association of Police Athletic Leagues, and Variety – The Children’s Charity.