Artez Interactive announced this week that they have been acquired by FrontStream Payments, a leading provider of payment, peer-to-peer fundraising and donor solutions in the US.
According to a press release, FrontStream and Artez will "offer the most comprehensive set of fundraising and donation processing solutions to nonprofit organizations and integrated API partners" on a global scale.
Headquartered in Toronto, Artez Interactive is the leading provider of multi-channel (web, mobile and social) fundraising solutions for nonprofits and charities. Friendship Powered Fundraising is a complete system of technology, functionality, services and support that gives fundraisers and donors the ability to "connect, share and care - when, how and where" across the channels and media they want to.
“Since our first entry to the US market, Artez has been perceived as a vital alternative to the incumbent players,” says James Appleyard, Chief Executive Officer of Artez Interactive. “By joining forces with FrontStream, we will have an unparalleled opportunity to increase the number of charities we support, while sustaining the pace of innovation for the benefit of fundraising outcomes, which the charitable sector has come to expect from us.”
FrontStream is backed by a group of investors led by Arsenal Capital Partners, a leading New York-based private equity firm with over $1.6 billion of committed capital under management.