CPE News (1/28/2021) – Social Solutions, a portfolio company of Vista Equity Partners, has agreed to acquire Athena Software. Financial terms were not disclosed.
Pending satisfaction of all relevant and customary terms and conditions, including regulatory clearance under the Investment Canada Act, the transaction is expected to close in 60 days or sooner.
Founded in 2001 by Greg Stanley-Horn, his wife Diane Stanley-Horn and brother Kevin Stanley, Waterloo, Ontario based Athena Software is a leading provider of SaaS Case Management and Client Information Management solutions and services for health and social service agencies. Penelope, Athena Software’s flagship product, is a comprehensive client management SaaS solution used by thousands of not-for-profit organizations in the health and social services field around the world.
In addition to its Waterloo head office, Athena Software also has staff based in the U.S., Australia, and Europe.
The combined company will be named Social Solutions Global, with Erin Mulligan Nelson, CEO of Social Solutions, serving as CEO.
photo credit: Athena Software
News Release
Social Solutions Global Acquires Athena Software
Two leaders in case management software will combine to accelerate technology innovation for social good organizations
AUSTIN, TX – January 28, 2021 – Social Solutions Global (“Social Solutions”), the leading provider of cloud software for nonprofit and public sector social good organizations, today announced it will acquire Athena Software, a leading case management software solution, to accelerate their combined pace of innovation and impact on outcomes for social good organizations. Social Solutions and Athena Software are perfectly aligned in purpose, mission and values, with complementary products and solutions, creating a significant opportunity for their clients to increase the positive impact they make in the communities they serve.
Social Solutions and Athena Software share the vision of creating lasting social change for communities through data and analytics and will combine to advance their product platform development for the benefit of clients and end-users. Together we will be the industry’s largest and most powerful data analytics platform, providing actionable insights so social service organizations can improve and increase the quality of service delivery for the people in their community. The companies will serve clients in the US, Canada, UK, Australia and New Zealand, with further international expansion planned in the future.
“Joining forces with Athena will allow us to expand our offerings and provide better service to our entire client base while pursuing our growth objectives and furthering future product innovation,” said Erin Mulligan Nelson, CEO of Social Solutions. “Together, we hope to better enable communities to accelerate social change, ultimately driving greater value and impact to clients around the world.”
Social Solutions provides a comprehensive and secure operations platform for social service organizations through its products, Apricot and ETO. Founded in 2000 in Baltimore, Social Solutions relocated its headquarters to Austin in 2017. The company is backed by Vista Equity Partners, a leading global technology investor. Athena Software, a privately-owned company, founded in 2001, provides Penelope, a SaaS solution for human health and social services providers around the world. Headquartered in Waterloo, Canada, Athena Software also has staff based in the US, Australia, and the UK.
“Joining Social Solutions provides Athena Software a platform to accelerate and broaden our mission of empowering social good,” said Geoff Bellew, CEO of Athena Software. “With over 40 years of combined leadership in case management software, together we will deliver unparalleled industry expertise and leadership in data analytics and associated insights for our clients.”
The combined company will be named Social Solutions Global, with Erin Mulligan Nelson serving as CEO. Pending close, Social Solutions will continue to support and expand Apricot, ETO and Penelope solutions as part of the company’s future product portfolio. Social Solutions expects the acquisition to close in 60 days or sooner, pending satisfaction of all relevant and customary terms and conditions, including regulatory clearance under the Investment Canada Act.
About Social Solutions Global:
Social Solutions is the leading provider of cloud software for nonprofit and public sector social service organizations. Our Apricot and ETO products offer clients the most comprehensive and secure social good platform available, including case management, participant connection, data insights, outcome analytics and funder enablement solutions. Based in Austin, Texas, Social Solutions was founded 20 years ago by social workers who saw the potential of technology to improve outcomes and help accelerate lasting social change in the communities they serve. To date, more than 90,000 users have adopted the Social Solutions platform to improve their data by measuring and optimizing outcomes. Social Solutions is backed by Vista Equity Partners and serves clients in the US, UK, Canada, New Zealand and Australia. For more information, please visit our website, www.socialsolutions.com, or follow us on Twitter: @SocialSolutions.
About Athena Software:
Founded in 2001, Athena Software is a leading provider of SaaS Case Management and Client Information Management solutions and services for health and social service agencies around the world. We are passionate about empowering our customers to improve the lives of their communities and drive social impact through the use of our innovative solutions and services. With a global customer base, Athena is headquartered in Waterloo, Ontario, Canada, with additional employees located in the US, Europe and Australia. For more information, please visit our website at www.athenasoftware.net.
Media Contact:
Jane Thompson, jathompson@SocialSolutions.com, +1 415 710 1675