Deal marks further international growth for the British tech business.
Givergy, the award-winning fundraising technology company, has announced the acquisition of the fundraising arm of former competitor, Lumi Fundraiser.
The deal will see Lumi’s fundraising division become part of Givergy whose growing number of platforms help charities raise more at fundraising events and online.
Lumi, previously known as IML, was a pioneer in the charity tech market and have struck the deal as part of a strategic decision to focus on its core corporate tech offerings.
The deal, which is effective from 1 March 2016, will see Givergy immediately offer Lumi’s existing clients its own robust product offerings thus further strengthening their client base in Hong Kong, Europe and America.
As part of the acquisition, Richmond-based Givergy has also taken on five existing Lumi staff in Australia, helping them to grow their international presence and open up this new territory too.
Givergy’s Global Director of Business Development, Jon Douglas said: “Lumi has been in the event tech market for over a decade and has built a great reputation and client base during that time. We were initially approached by them to acquire their fundraising arm in November 2015 and following several months of discussion we are delighted to have struck a deal which makes total sense for both firms.
“Australia alone is the beginning of a new territory for us and a huge amount of work will go into developing these fantastic existing relationships as well as continuing to build new ones in the US, Hong Kong and Australia.”
Richard Taylor, CEO of Lumi, added: “This move reaffirms our strategic decision to exit the charity fundraising part of our business and to concentrate on our four core business areas. We are working closely with Givergy to manage existing contractual obligations and to transfer existing and previous client relationships as smoothly as possible.
“We have been extremely impressed with Givergy’s overall setup and attitude and have no doubt that they will continue to succeed in this market as they drive their international growth.”
For further information, visit https://givergy.com.
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About Givergy
Founded in 2009, Givergy is an award-winning company which offers a range of cutting-edge technology platforms to help charities raise more at fundraising events and online.
In 2015, Givergy has raised over £25 million for more than 1,200 incredible causes through an array of interactive fundraising products. With offices now in London, Toronto, Vancouver, Calgary, New York, Hong Kong and Sydney Givergy helps charities around the world raise more for incredible global causes.
Givergy helps charities Raise More through three principle products:
Givergy Access is a simple, effective online fundraising platform which allows users to take part in flexible auctions and raffles or purchase ‘buy it now’ items. It gives people access to exclusive, high-profile, money-can’t-buy items and experiences that aren’t available anywhere else!
Givergy Managed is an innovative technology platform which revolutionises live fundraising events – from large gala dinners to informal art exhibitions or golf days – in order to help charities raise more for their incredible worldwide causes.
Givergy Mobile is a PC & mobile optimised platform which gives charities more flexibility to increase the chance of guests getting involved and ensures bidders are personally kept up to date with the progress of the auction. The mobile platform is optimised for mobile, tablet and PC web browsers.
About Lumi
Lumi is a global market leader in real-time audience insight technology for research, live events, meetings and corporate communication.
With years of experience and a wealth of knowledge, customers can trust Lumi to deliver a dynamic, cost-effective and worry free event. Lumi’s core technologies and engaging mobile apps are used by hundreds of multinational corporations and their advisers to provide an unparalleled understanding of attitudes, opinion and behavior in a dynamic and innovative way.
Lumi has worldwide offices in the UK, United States, Australia, Netherlands, Belgium, France, Germany, Finland, Hong Kong, Singapore, New Zealand and South Africa.
