Wednesday, August 21, 2013
Abila Buys Avectra
Austin-based Abila--the company formerly known as Sage Nonprofit Solutions--announced today that it has acquired Avectra, a developer of web-based, customer relationship management tools. Financial terms of the buy were not disclosed. Avectra was based in McLean, Virginia. Avectra's software provides CRM features to associations and non-profits. According to Abila, it will retain Avectra's offices in McLean, Chicago and Maitland, Fla. Abila is backed by private equity investor Accel-KKR, which acquired Abila from Sage Group PLC earlier this year.