Susquehanna Growth Equity and technology services veteran Brad Galle have acquired the JK Group, a provider of technology solutions for corporate philanthropic management programmes.
Galle will serve as the company’s chief executive officer effective immediately.
"JK represents a tremendous opportunity to take a leader in a market and make it even stronger," says Scott Feldman of Susquehanna Growth Equity. "Customers who already use the company’s services can expect to see noticeable enhancements to the product offerings, new products and new channel partnerships over the coming months."
Feldman and Amir Goldman will represent Susquehanna Growth Equity on the company’s board.
"JK is the leader in providing companies with solutions that enable them to more efficiently manage their philanthropic endeavors," says Galle. "Employers are increasingly seeking ways to make giving back to the community more seamless. I am excited to work with Susquehanna Growth Equity on this unique opportunity and am pleased that the company’s current management team of Roy Kaplan and Rita Kusler will remain actively engaged with JK as the business transitions into its next phase of growth."
JK’s products support the administration of a wide array of philanthropic services, including matching gifts, volunteer and event management, employee giving campaigns, grants administration, PAC programmes and disaster relief.
The company will continue to operate out of its existing headquarters in Plainsboro, New Jersey.
Susquehanna Growth Equity is a private equity group investing in growth capital and buyout opportunities in financial technology, information services and software.
