The executive suite at software and technology firm Community Brands is being reorganized with Ross Croley, executive chair of the board and founder of Ministry Brands, now running the firm as interim chief executive officer.
Sources told The NonProfit Times that CEO Jean-Paul (JP) Guilbault and several other members of the C-Suite were relieved of their duties yesterday. The change came during what had been a scheduled executive meeting in St. Petersburg, Fla.
A spokesman for Community Brands confirmed changes had been made but declined to comment on which senior level employees had left the firm. The spokesperson said there would be an announcement.
Crowley founded and ran Ministry Brands from 1997 to 2017. Community Brands became the umbrella for three divisions, Community Brands, Ministry Brands and Education Brands.
The firm is backed by Insight Venture Partners, a capital and private equity firm that invests in software and Internet-enabled companies. Technology-based private equity firm Accel-KKR sold a majority stake in Abila software to Insight in April 2017, which it bought from Sage Software in 2013.
Sage Nonprofit Solutions (NPS) was rebranded as Abila after a $101.2-million deal. The nonprofit element was the largest segment of the deal. Community Brands has been in the process of switching the Abila brand back to the well-known MIP branding with the moniker MIP by Community Brands.
The Community Brands umbrella was created and initially included Abila, YourMembership and Aptify. There are now approximately 2,200 employees in the Community Brands network of firms.
Insight Venture Partners reportedly invested more than $1 billion in Ministry Brands, a provider of a SaaS platform for churches, ministries and other faith-based organizations. It purchased the stake from Providence Equity Partners. Another venture firm, Genstar Capital, kept a minority stake.
Check www.thenonprofittimes.com for updates.