January 16, 2019
Clearsight Advises roundCorner in its Acquisition by Salesforce.org
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Public Sector and Non-Profit Software Practice. Clearsight served as the exclusive strategic and financial advisor to roundCorner in its acquisition by Salesforce.org. This transaction further demonstrates Clearsight’s position as the industry leader in advising software and cloud services firms.
roundCorner, the first Salesforce.org Platinum App Partner for the nonprofit market in North America, offers technology solutions for enterprise nonprofit organizations, higher education institutions and foundations to become constituent-centric with products such as NGO Connect, Advancement Connect and Foundation Connect. roundCorner empowers customers with fundraising and grants management built on Salesforce, so they can connect with each of their constituents from one single place.
Nick Ward, roundCorner’s Chairman of the Board, said of working with Clearsight, “As roundCorner works relentlessly to advance our clients’ mission, Clearsight also worked relentlessly to find the optimal partner for our next chapter of growth. We selected Clearsight based on their software expertise, nonprofit domain knowledge, and cultural alignment with roundCorner and we couldn’t have enjoyed a more productive relationship. Clearsight is a unique strategic financial advisor that served as an invaluable sounding board throughout every stage of the transaction process. I would recommend Clearsight to any nonprofit or public sector software business evaluating strategic alternatives – Clearsight is second to none.”
Salesforce.org’s acquisition of roundCorner will accelerate customers’ impact in their local communities via nonprofits, educational institutions, or foundations. Salesforce.org and roundCorner together will be equipped to create a cohesive system for connecting fundraising, advancement, and engagement systems so that constituent outreach is broader and existing technology solutions are optimized.
“As the nonprofit software market continues rapid consolidation, the combined forces of Salesforce.org and roundCorner will represent the leading platform for enterprise CRM solutions across impact sectors,” remarked Justin Loeb of Clearsight Advisors. “It’s been incredibly rewarding to witness the power that roundCorner’s solutions provide to social good organizations in order to achieve their mission – through leading technology and unmatched industry expertise, the combined platform will be able effect change on an even larger scale going forward and Clearsight is grateful to have played a pivotal role in achieving this excellent outcome for all parties.”