Fundraising and donor management software firm SofTrek has been acquired by Togetherwork, a Brooklyn, N.Y., group management software and payments provider. The acquisition closed during the fourth quarter of 2017, but was announced today.
SofTrek will continue to be an independent operating company within Togetherwork, said SofTrek CEO Joe Klimek. Financial terms of the deal were not disclosed. SofTrek developed the ClearView CRM and PledgeMaker software systems for nonprofit fundraising.
Steve Birnbaum remains with the firm as vice president of sales and marketing. SofTrek ownership was seeking an investor/partner that would position SofTrek for growth, not simply absorb the company or retire the product. The Togetherwork model allows for SofTrek to accelerate the development of ClearView CRM and serve its client base, while also providing needed resources to increase market share, said Klimek.
“SofTrek represents the best of Togetherwork, with a strong commitment to serving customers and its ability to deliver enterprise quality products across our portfolio,” said Neil Platt, CEO of Togetherwork. The firm has acquired 18 companies, as it builds a group management and payments software umbrella.
Founded in 1987, SofTrek is based in Amherst, N.Y., where it will stay, according to Klimek. Its 55 clients include Catholic Relief Services, Cystic Fibrosis Foundation, Dana-Farber Cancer Institute, Lincoln Center for the Performing Arts, The Navigators, The Trust for Public Land and Young Life.
Togetherwork’s operating companies serve multiple verticals including fraternal organizations, religious congregations, sports leagues, summer camps, charities, and cultural and educational institutions. Togetherwork has more than 300 employees.