Reston-based FrontStream acquires BiddingForGood
Reston-based FrontStream Holdings LLC, a philanthropy software provider, has acquired BiddingForGood, which is based in Cambridge, Mass.
Financial details of the deal were not disclosed.
FrontStream said BiddingForGood is a widely recognized platform for online auction and event management.
FrontStream said the transaction is the latest in a series of strategic moves made by the company in its effort to develop a comprehensive platform of fundraising and donation processing solutions for nonprofits and corporations.
The two companies provide support for campaigns for organizations in the nonprofit, corporate and educational fields.
“FrontStream has a demonstrated commitment to develop the world’s most diverse, innovative, and efficient suite of integrated tools serving the charitable and business sectors, and we realized some time ago that a single-point solution would never adequately meet that need; this expansion is part of our progression as a more wholistic provider.” Nina Vellayan, the president and CEO of FrontStream, said in a statement.