FrontStream Payments Inc., a portfolio company of Arsenal Capital Partners, said Monday that it has acquired Artez Interactive. No financial terms were disclosed. Headquartered in Toronto, Artez Interactive is a provider of multichannel fund-raising solutions for nonprofits and charities. Update: Arsenal Capital Partners is a New York-based mid-market private equity firm. It invested in Reston, Virginia-based merchant solutions provider FrontStream in 2010.
Reston, VA – August 19, 2013 – FrontStream Payments, Inc., a leading provider of payment, peer-to-peer fundraising and donor solutions, has announced the acquisition of fundraising solutions provider, Artez Interactive. As a combined entity, FrontStream and Artez will leverage the strength of their applications and their teams to offer the most comprehensive set of fundraising and donation processing solutions to nonprofit organizations and integrated API partners on a global scale.
FrontStream made a strong entry into the nonprofit space with the 2012 acquisition of FirstGiving, and the addition of Artez to the FrontStream portfolio of companies is the next step in FrontStream’s accelerated growth plan as a champion of charitable giving solutions.
Headquartered in Toronto, Canada, Artez Interactive is the leading provider of multi-channel (web, mobile and social) fundraising solutions for nonprofits and charities, around the world. 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.
“The FirstGiving brand has secured our place as a full-service donation solutions provider for mid-tier nonprofit organizations, as well as a powerful back-end processing partner for a host of crowdfunding platforms in the United States.
With Artez, we now have the opportunity to use our combined knowledge of merchant services, fundraising solutions and a strong API strategy to serve the most iconic charities in both domestic and international markets,” states Nina Vellayan, Chief Executive Officer and President of FrontStream Payments. “Our ability to accommodate multi-currency processing through a wide variety of digital channels allows us to offer international donation options to nonprofits and API partners alike, which will enable us to support a much broader set of clientele.”
Artez Interactive currently maintains offices in the United States and Australia. Going forward, FrontStream plans to significantly increase Artez’s presence and impact in the U.S.
“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.
To learn more about FrontStream Payments’ products and services, go to: http://frontstreampayments.com/Productsservices.aspx.
For more information about Artez Interactive’s Friendship Powered Fundraising, visit the company’s website at: www.artez.com.
For more information about Arsenal Capital Partners, go to: http://www.arsenalcapital.com/.
About FrontStream Payments
FrontStream Payments is a leading merchant solutions provider of integrated payment products. The company has well established client relationships in virtually all business sectors and a strong partnership presence in the B2B, Nonprofit, Education, Automotive, Energy, and Hospitality industries. Offerings include turnkey solutions that enable clients to increase revenues through POS, mobile and web acceptance of ACH eChecks and credit/debit cards. All accounts and products are powered by FrontStream’s proprietary fasttransact payment platform, launched in 2011 as the first, singlesource payment processing, data management and integrated ERP system of its kind. The company is headquartered in Reston, VA and has offices in Brentwood, TN, Lacey, WA, and Boston, MA.
About Artez Interactive
Artez Interactive is the leading provider of web, mobile and social fundraising solutions for nonprofits and charities around the world. After inventing the electronic tax receipt in 1999, Artez has grown to serve more than 500 organizations, including many of the largest and most iconic international brands. Every day, our team works to advance the Friendship Powered Fundraising™ platform in support of the causes that matter most.
Photo courtesy of Shutterstock.