Accel-KKR Portfolio Co. Buys Nonprofit Software Firm

Law360, New York (August 21, 2013, 4:41 PM EDT) -- Nonprofit software developer Abila, a portfolio company of private equity partnership Accel-KKR, has acquired Virginia-based Internet customer software company Avectra, Texas-based Abila said Wednesday.

The deal makes the Austin, Texas-based firm, formerly known as Sage Nonprofit Solutions, one of the largest software services companies that works with nonprofits and associations. Adding Avectra's operations gives Abila a customer base of more than 8,000 nonprofits, associations and memberships, Abila said.

"We are delighted to welcome Avectra’s highly regarded product set, talented team and significant base of clients into...
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