Benevity Inc has bought Versaic Inc, a San Mateo, California-based software company that helps manage corporate giving and social responsibility activity. No financial terms were released. Benevity, a Calgary-based online workplace giving, matching, volunteering and community investment software provider, said the acquisition, which comes on the heels of last month’s buy of TrustCSR, will expand its grant management offerings. Established in 2008, Benevity in January  secured an investment from General Atlantic. The company is also backed by JMI Equity. PRESS RELEASE
Benevity Boosts Scale and Efficiency of Social Impact Programs with Acquisition of Versaic
Bespoke Grants Management Product Extends Reach and Impact of Benevity’s Holistic Approach to Corporate Goodness
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) — Benevity, Inc., the global leader in corporate social responsibility and purpose-driven employee engagement software, today announced that it is acquiring Versaic Inc., a leading grants, donation and sponsorship management solution provider to more than 100 of the world’s largest companies. The acquisition expands Benevity’s existing grants management offerings and furthers the company’s vision of providing a holistic technology platform that supports a broad array of corporate “Goodness” initiatives, including workplace giving, volunteering and community investment programs. “We are thrilled to welcome Versaic’s passionate team and iconic clients to the Benevity community,” said Bryan de Lottinville, Benevity Founder and CEO. “Benevity and Versaic have always had a shared passion for client service and for helping businesses and their people make a positive difference in their communities around the world. This acquisition further strengthens our mission of helping today’s top enterprises orchestrate their Goodness initiatives more holistically, with greater integration, efficiency and impact.”
With Benevity, companies have the opportunity to manage all of their corporate Goodness programs through a single vendor relationship, integrating grants management with workplace giving, volunteerism, diversity and inclusion efforts, and more. This approach allows companies to engage their people, unify company culture across a global context, connect corporate values with communities in need and generate measurable business results, all while creating an indelible impact on the social landscape. “As purpose becomes a business imperative, areas like HR, Corporate Social Responsibility and Corporate Foundations need to work more collaboratively and seamlessly,” added de Lottinville. “Our integrated platform facilitates this by offering greater convenience, a holistic view of reporting, streamlined program management and more. In fact, 70 percent of our new clients are implementing multiple products from Benevity, and are achieving greater engagement with their people, nonprofit partners and communities as a result.”
The Versaic products will continue to be offered to companies and foundations who require Versaic’s highly configurable workflow and grant management features, alongside the company’s widely adopted enterprise cloud solution, Benevity Grants. “We share Benevity’s commitment to transforming how companies pursue purpose and social impact,” said Burt Cummings, President and CEO of Versaic. “This milestone is the natural next step in a relationship that has been built on a shared ethos of excellence in service, and it gives our combined client base access to the widest possible range of grants management capabilities and price points, as well as Benevity’s best-in-class platform for facilitating corporate Goodness on a global scale.”
Benevity’s acquisition of Versaic is the latest in a series of major business announcements, all focused on bringing increased scale, automation, integration and efficiency to the sector. Earlier this year, Benevity announced the acquisition of TrustCSR, a UK-based corporate social responsibility consultancy, and a strategic investment from General Atlantic, accelerating the company’s leadership in the enterprise Goodness market. About Benevity
Benevity, Inc., a B Corporation, is the global leader in online workplace giving, matching, volunteering and community investment software. Many of the world’s most iconic brands rely on Benevity’s award-winning cloud solutions to power corporate “Goodness” programs that attract, retain and engage today’s diverse workforce by connecting people to the causes that matter to them. With software that is available in 17 languages, to more than four million users around the world, Benevity will process over a billion dollars in donations this year and 10 million hours of volunteering time to almost 150,000 charities worldwide. Media Contact

VC-backed Benevity acquires Silicon Valley’s Versaic

General Atlantic and JMI Equity backed Benevity acquires Versaic
Total Shares
Benevity, Inc., a portfolio company of growth equity firms General Atlantic and JMI Equity, has acquired Versaic Inc. Financial terms were not disclosed. San Mateo, California based Versaic is a leading grants, donation and sponsorship management solution provider to more than 100 of the world’s largest companies. Versaic expands Benevity’s existing grants management offerings and furthers its vision of providing a holistic technology platform that supports a broad array of corporate “Goodness” initiatives, including workplace giving, volunteering and community investment programs. photo credit: Versaic
Benevity Boosts Scale and Efficiency of Social Impact Programs with Acquisition of Versaic
Bespoke Grants Management Product Extends Reach and Impact of Benevity’s Holistic Approach to Corporate Goodness
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) — Benevity, Inc., the global leader in corporate social responsibility and purpose-driven employee engagement software, today announced that it is acquiring Versaic Inc., a leading grants, donation and sponsorship management solution provider to more than 100 of the world’s largest companies. The acquisition expands Benevity’s existing grants management offerings and furthers the company’s vision of providing a holistic technology platform that supports a broad array of corporate “Goodness” initiatives, including workplace giving, volunteering and community investment programs. “We are thrilled to welcome Versaic’s passionate team and iconic clients to the Benevity community,” said Bryan de Lottinville, Benevity Founder and CEO. “Benevity and Versaic have always had a shared passion for client service and for helping businesses and their people make a positive difference in their communities around the world. This acquisition further strengthens our mission of helping today’s top enterprises orchestrate their Goodness initiatives more holistically, with greater integration, efficiency and impact.”
With Benevity, companies have the opportunity to manage all of their corporate Goodness programs through a single vendor relationship, integrating grants management with workplace giving, volunteerism, diversity and inclusion efforts, and more. This approach allows companies to engage their people, unify company culture across a global context, connect corporate values with communities in need and generate measurable business results, all while creating an indelible impact on the social landscape. “As purpose becomes a business imperative, areas like HR, Corporate Social Responsibility and Corporate Foundations need to work more collaboratively and seamlessly,” added de Lottinville. “Our integrated platform facilitates this by offering greater convenience, a holistic view of reporting, streamlined program management and more. In fact, 70 percent of our new clients are implementing multiple products from Benevity, and are achieving greater engagement with their people, nonprofit partners and communities as a result.”
The Versaic products will continue to be offered to companies and foundations who require Versaic’s highly configurable workflow and grant management features, alongside the company’s widely adopted enterprise cloud solution, Benevity Grants. “We share Benevity’s commitment to transforming how companies pursue purpose and social impact,” said Burt Cummings, President and CEO of Versaic. “This milestone is the natural next step in a relationship that has been built on a shared ethos of excellence in service, and it gives our combined client base access to the widest possible range of grants management capabilities and price points, as well as Benevity’s best-in-class platform for facilitating corporate Goodness on a global scale.”
Benevity’s acquisition of Versaic is the latest in a series of major business announcements, all focused on bringing increased scale, automation, integration and efficiency to the sector. Earlier this year, Benevity announced the acquisition of TrustCSR, a UK-based corporate social responsibility consultancy, and a strategic investment from General Atlantic, accelerating the company’s leadership in the enterprise Goodness market. About Benevity
Benevity, Inc., a B Corporation, is the global leader in online workplace giving, matching, volunteering and community investment software. Many of the world’s most iconic brands rely on Benevity’s award-winning cloud solutions to power corporate “Goodness” programs that attract, retain and engage today’s diverse workforce by connecting people to the causes that matter to them. With software that is available in 17 languages, to more than four million users around the world, Benevity will process over a billion dollars in donations this year and 10 million hours of volunteering time to almost 150,000 charities worldwide. Media Contact

General Atlantic and JMI Equity backed Benevity acquires Versaic

Bespoke Grants Management Product Extends Reach and Impact of Benevity’s Holistic Approach to Corporate Goodness
Mar 27, 2018 7:00 PM ET
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Press Release
CALGARY, AB, March 28, 2018 /3BL Media/ –  Benevity, Inc. , the global leader in corporate social responsibility and purpose-driven employee engagement software, today announced that it is acquiring Versaic Inc. , a leading grants, donation and sponsorship management solution provider to more than 100 of the world’s largest companies. The acquisition expands Benevity’s existing grants management offerings and furthers the company’s vision of providing a holistic technology platform that supports of a broad array of corporate “Goodness” initiatives, including workplace giving, volunteering and community investment programs. “We are thrilled to welcome Versaic’s passionate team and iconic clients to the Benevity community,” said Bryan de Lottinville, Benevity Founder and CEO. “Benevity and Versaic have always had a shared passion for client service and for helping businesses and their people make a positive difference in their communities around the world. This acquisition further strengthens our mission of helping today’s top enterprises orchestrate their Goodness initiatives more holistically, with greater integration, efficiency and impact.”
With Benevity, companies have the opportunity to manage all of their corporate Goodness programs through a single vendor relationship, integrating grants management with workplace giving, volunteerism, diversity and inclusion efforts, and more. This approach allows companies to engage their people, unify company culture across a global context, connect corporate values with communities in need and generate measurable business results, all while creating an indelible impact on the social landscape. “As purpose becomes a business imperative, areas like HR, Corporate Social Responsibility and Corporate Foundations need to work more collaboratively and seamlessly,” added de Lottinville. “Our integrated platform facilitates this by offering greater convenience, a holistic view of reporting, streamlined program management and more. In fact, 70 percent of our new clients are implementing multiple products from Benevity, and are achieving greater engagement with their people, nonprofit partners and communities as a result.”
The Versaic products will continue to be offered to companies and foundations who require Versaic’s highly configurable workflow and grant management features, alongside the company’s widely adopted enterprise cloud solution, Benevity Grants. “We share Benevity’s commitment to transforming how companies pursue purpose and social impact,” said Burt Cummings, President and CEO of Versaic. “This milestone is the natural next step in a relationship that has been built on a shared ethos of excellence in service, and it gives our combined client base access to the widest possible range of grants management capabilities and price points, as well as Benevity’s best-in-class platform for facilitating corporate Goodness on a global scale.”
Benevity’s acquisition of Versaic is the latest in a series of major business announcements, all focused on bringing increased scale, automation, integration and efficiency to the sector. Earlier this year, Benevity announced the acquisition of TrustCSR , a UK-based corporate social responsibility consultancy, and a strategic investment from General Atlantic , accelerating the company’s leadership in the enterprise Goodness market. About Benevity
Benevity, Inc. , a B Corporation, is the global leader in online workplace giving, matching, volunteering and community investment software. Many of the world’s most iconic brands rely on Benevity’s award-winning cloud solutions to power corporate “Goodness” programs that attract, retain and engage today’s diverse workforce by connecting people to the causes that matter to them. With software that is available in 17 languages, to more than four million users around the world, Benevity will process over a billion dollars in donations this year and 10 million hours of volunteering time to almost 150,000 charities worldwide. Media Contact

Benevity Boosts Scale and Efficiency of Social Impact Programs With Acquisition of Versaic

May 27, 2016 10:30 AM ET
Press Release
San Francisco, CA, May 27, 2016 /3BL Media/ -Versaic announced it has been awarded a second patent that covers key elements of the company’s technology. Versaic’s unique Platform as a Service (PaaS) approach gives the company a distinct advantage over competitive offerings and makes it possible for Versaic to deliver a broad range of features and functionality to clients who use Versaic software to manage their grants, donations and sponsorship programs. Mark Soloway, CTO of Versaic, said, “I believe our platform is the most advanced technology of its kind being applied to grants, donation, and sponsorship management, giving us the ability to deliver systems that look and feel as if they're fully custom through our advanced configuration capabilities. Our patents give us significant intellectual property protection in this area. "
The new patent adds 20 additional claims regarding Versaic's platform that cover the architectural and system design of the platform and additional workflow methods, ensuring that the platform can be used to efficiently implement much more complex workflows than covered by the first patent. The combination of the two patents protects a total of 32 Versaic platform claims necessary to efficiently implement a highly configurable and customizable proposal management platform. About Versaic:
Versaic  is the leading provider of online Corporate Social Responsibility program management solutions. Versaic combines proven best practices with innovative technology developed specifically to provide companies of any size with customized solutions at an affordable price. Whether it’s grant management, corporate philanthropy, or sponsorships, Versaic solutions streamline processes, improve impact and ROI, and enhance social engagement with client brands. Learn more about Versaic at  www.versaic.com  and follow @Versaic.

Versaic Awarded Second Patent on its Flexible Platform Design

Causecast is a company focused on facilitating corporate philanthropy and employee engagement within various sectors. The company offers a suite of services including employee assistance funds, workplace giving programs, and disaster relief contributions, as well as tools for volunteer management and matching gift programs. These services are designed to help businesses support their employees and the broader community through structured giving and volunteer opportunities. It was founded in 2007 and is based in Los Angeles, California.

Causecast

The integrated volunteering , giving and grantmaking software from Causecast and Versaic offers the best of both worlds -- the highest quality program management solutions with the ease and efficiency of a one-stop shop .

Causecast and Versaic Redefine Employee Engagement with Launch of Breakthrough Volunteer and Giving Experience.

Causecast is a community that connects individuals, leaders, celebrities, and brands to make a positive impact in the world. The company educates, entertains, and empowers people to get involved with the causes they want to support, in the ways they want to support them, by utilizing technology, mass media, and entertainment.

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Versaic is a Corporate Philanthropy SaaS company based in San Mateo, CA. The Versaic system streamlines grants, donations, and sponsorship programs to make them more effective.

Date	3/28/2018
Round	Acquired
Amount
Investors	Benevity
Valuation	$XXM
Revenue	0 FY undefined
Sources	3

First funding	3/28/2018
Last Funding	3/28/2018
Investor	Benevity
Rounds	1 Acquired
Board Seats
Type	Corporation
Location	Canada

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