Lyceum-backed Access Group acquires thankQ
Mid-market business management solutions provider Access Group has acquired fundraising and CRM software specialist thankQ in a GBP2.7m deal.
The acquisition, which is the seventh deal for Access in the past 12 months, sees the group strengthen its not-for-profit (NFP) offering, where it already has over 530 customers using its finance and human resources solutions.
The latest addition to the portfolio means Access will provide a fully-integrated finance and fundraising CRM system to the sector.
In September, it acquired French-based innovative business intelligence specialist Prelytis for EUR4m.
Chris Bayne, chief executive for Access, says: “Having worked closely with the not-for-profit sector for many years, we know that there is strong demand for tightly integrated finance and fundraising systems. With the acquisition of thankQ, Access is now able to offer a fully integrated best-of-breed solution bringing time and cost savings to our NFP customers and improving the reporting of both financial and non-financial data.”
thankQ’s 230 customers – including well-known names such as BBC Children in Need and Citizens Advice – join Access’ NFP client base and will be looked after by sector specialists.
John Bird, managing director of thankQ, says: “Joining Access is a great opportunity for our customers and staff. It’s the perfect fit both in terms of approach and technology; their team understands the complexities of our market space and is passionate about what we’ve been looking to achieve. By fully integrating the Access and thankQ solutions, we’ll make a positive impact on the NFP sector by helping our customers improve the way they operate and gain greater efficiencies across their organisation. With the addition of Access’ HR solution, we can also help them make the most of their best asset – their people.”
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