Benevity Inc., the leading global supplier of workplace giving and volunteer management software, announced the acquisition of GrantStream, a long-recognized leader in grants management software. The partnership provides a single solution that seamlessly integrates employee giving, volunteering and grantmaking for all Benevity and GrantStream clients, which include some of the most iconic companies in the world.
“In many companies, workplace giving and corporate grantmaking have operated in silos, which constrains the success of both,” said Bryan de Lottinville, CEO of Benevity. “By bringing together the best of Benevity and GrantStream, our clients will benefit from increased visibility, creativity and engagement that will come with horizontal program management. We are thrilled to integrate grantmaking into our leading workplace giving solution, which, along with the most passionate and responsive service in the industry, gives the market a more compelling way to connect with its people, customers and the broader community around corporate goodness.”
Benevity’s industry-leading software-as-a-solution (SaaS), Spark, now features the functionality of GrantStream’s leading grant management product, GrantRight – which will be available to clients under the product name of Grants by Benevity. Clients of both companies will now have access to a full suite of solutions and services to manage corporate responsibility efforts. Benevity will continue to make its platform and adaptors available for integration with other grant management applications.
“GrantStream and Benevity share a dedication to helping companies make a difference with thoughtful technology that delivers efficiency and scalability to charities and companies alike,” said Matthew Fawcett, President and Co-Founder of GrantStream. “After several years of working together to deliver on our shared purpose, we are thrilled to formally join forces to elevate the impact of corporate responsibility.”
The acquisition comes on the heels of Benevity’s announcement this summer of completing a $38 million CAD Series A round with JMI Equity to accelerate the innovation of its products and services. GrantStream is the first acquisition since the funding announcement.
Benevity, Inc., a certified B Corporation, is the global leader in online workplace giving, matching, volunteering and granting programs. Some of the world’s most iconic brands rely on Spark, Benevity’s award-winning SaaS solution, to power corporate responsibility programs that attract, retain and engage today’s diverse workforce by connecting people to the causes that matter to them. With more than two million users around the world, Benevity will process donations benefiting more than 100,000 global charities this year.
Since 2000, GrantStream has provided cloud-based grant management solutions to “blue chip” corporations that are leaders in Community Investment and Corporate Social Responsibility. With technology that’s intuitive, dynamic, and easy-to-use administrators can review, make decisions and report on community investments and use an automated process to solicit feedback and evaluations regarding the impact of supported projects and events.